Moonpig taken over by online photo business

Tuesday 26th July 2011, 1:00PM BST.

Stan Laurent, left, is the CEO of the new business following the merger of Photobox and Moonpig, but Moonpig founder Nick Jenkins, right, is on the board as an adviser.

MOONPIG’S merger with a European online photo service giant could spell good things for its Guernsey operation, the dealmakers have said.

Photobox has completed a £120m. acquisition for the online card company, which has its distribution centre in the island, and it is understood the business will seek a stock market listing in the next two years.

Staff leaving the Braye Road premises yesterday said they had been told very little about the arrangement and were unable to comment.

But Photobox chief executive Stan Laurent said he was pleased to see two high-growth, profitable and ambitious European online brands coming together to unify their strengths and create a global market leader.