Card Factory completed the acquisition of Garven for $25m.

Card Factory, a specialist retailer of greeting cards, gifts and celebration essentials, completed the acquisition of Garven, a design and wholesale of gifts and celebration essentials company, for $25m. "The acquisition of Garven is an important strategic milestone in our partnerships strategy. Together with our separate wholesale supply agreement covering over 1,100 stores across the US, it establishes a physical presence in the US market. Over a number of years, Garven has built a reputation as a trusted brand known for its quality products and impressive design capabilities, with Anne and Walter building an excellent customer proposition. We are excited to welcome the Garven team to cardfactory and look forward to building upon their existing commercial relationships, as well as forging new ones," Darcy Willson-Rymer, cardfactory CEO.