MenKind Store 01MenKind Store 2RED5 Store 01

Gift Universe Group, (formerly Menkind Group) is one of the UK’s leading and fastest growing operators in the gifts and gadgets industry.

The company began trading as Menkind opening our first store in 2002 in The Chimes Shopping Centre in Uxbridge; over the next few years we established our position in the niche gadget and gifting retail sector, organically growing the business through store openings and Ecommerce. In August 2015 Gift Universe Group acquired the retail business RED5 and the wholesaler, The Source and now have unrivalled reach into our market through our own retail stores nationwide, multiple Ecommerce channels and through wholesale distribution to some of the UK’s top retail brands. Over the last five years the business has grown from £22m turnover to £56m for year end March 2016.

Brands

Menkind was founded in 2001, by Paul Kraftman and from the outset we wanted to ensure that we would only sell the types of gifts we would love to receive ourselves. Our mission is to provide a wide and interesting choice of men’s gifts for the man who has everything. Fourteen years on, we find we are not alone in our love for gadgets and boys toys.

We operate from around 60 stores during our peak trading period and our ecommerce business is growing significantly. We are continuing to invest in our multi-channel proposition, offering Click and Collect, cross channel promotions and gift vouchers, with a number of new developments in the pipeline to offer our customers a seamless experience across all channels.

Menkind has a broad demographic appeal attracting a wide spectrum of age and income groups. The company was featured in the Sunday Times Fast Track 100 League Table for 2011 for the second year running. The Fast Track 100 league table ranks Britain’s 100 private companies with the fastest growing sales over the latest three years.

www.menkind.co.uk

RED5 was created in 2005 by Jonathan Elvidge, the founder of The Gadget Shop,from a desire to take high street shopping to a new dimension, providing the very best in unique gifts and gadgets, and putting the fun back into giving.

Putting the customer at the centre of everything we do, we find unique products that you really want but maybe never knew existed!

RED5’s retail business specialises in various niche routes to markets; we have stores in a number of quality outlet centres alongside top brands, concessions within Hamleys and Selfridges, and have recently opened our first airport boutique at Stansted. We also operate from a number of small footprint retail outlets which are suited to our focussed gadget proposition, and have recently re-launched our website which is continuing to grow and gain market share.

We have also developed an innovative range of eponymous products which now forms a key part of the gadget selection in top retailers such as John Lewis, Argos and Boots.

RED5 was also featured in the Sunday Times Fast Track 100 League Table for 2011.

www.red5.co.uk

The Source is a rapidly growing, forward thinking supplier which focuses on the gift market in the UK and is now expanding into international markets. Our product range, encompasses many categories, such as Gadgets, Educational Gifts, Home & Lighting, Toys and Novelty products.

We aim to deliver the latest innovative products, excellent prices and a fantastic customer service – striving to be the first to market and secure exclusive arrangements on our product ranges. We offer a flexible approach, understanding the needs of the various different types of retailers we work with, whether it be an independent or a multiple.

We currently work with some of the biggest names on the UK high street, working on FOB or domestic terms and also on own brand programmes. We are proud of our successful working relationship with hundreds of independents who benefit from low minimum order quantities and the option for next day service.

Since the acquisition by Gift Universe, we have access to an even wider product range and although many items are sold within the Group retail stores, the full range extends to additional products which appeal to our wider customer base.

www.thesourcewholesale.co.uk

Gadget Grotto is the brand we use exclusively on 3rd party marketplaces, such as Amazon and Ebay, which provide complementary outlets for our product range.

www.gadgetgrotto.com

Product Brands

An established and trusted brand for remote control gadgets and tech products, now ranged by many UK multiple retailers as well as our own stores.

An innovative and beautifully presented selection of practical gadgets which make the perfect men’s gift

This is our brand for massage and related products and includes our best selling Mini Massage Cushion.

Our longest established own brand range of fun games targeted at the student market.

OUR HISTORY

  • 2001

    MenKind Founded

    Paul Kraftman

  • 2005

    RED5 Founded

    Jonathan Elvidge & Joth Baron

  • 2011

    Gadget Grotto Founded

  • 2015

    MenKind acquire RED5

  • 2016

    Gift Universe Group is born

PEOPLE

  • Paul Kraftman
    Paul Kraftman
    Chairman & Chief Executive

    Paul is an experienced retailer, having played a key role as Operations Director and then Managing Director in the development of the electrical retail chain, Tempo.

    In 2002 Paul founded Menkind with a single store in Uxbridge and has lead the business throughout its growth.

  • Gary Wakeman
    Gary Wakeman
    Commercial Director

    Gary has over 20 years of retail experience & held several managerial positions at Allders Department stores before joining Menkind in 2005 as Merchandiser. In 2009 he was appointed director & is directly responsible for merchandise planning & promotional activity and plays a key role in buying, strategic development & forecasting.

  • Chris Martinez
    Chris Martinez
    Operations Director

    Chris has been working within the gadget retail sector since 2002. From the opening of RED5’s first store in Hull, Chris has gone from overseeing store operations as part of RED5’s management team, to his position today as Operations Director, responsible for the group’s warehousing, logistics as well as operational planning and forecasting.

  • Stacy Guest
    Stacy Guest
    Wholesale Director

    Stacy has over 15 years’ experience in the wholesale/distribution sector and having worked for a number of key suppliers to the trade, in 2012 became a founding member of The Source Wholesale Ltd. Since The Source’s acquisition by Gift Universe Group in 2015 Stacy has been appointed Director for all the wholesale across the Group’s business.

  • Mark Talbot MRICS
    Mark Talbot MRICS
    Property Director

    Mark is a Chartered Surveyor and Director at AGL Property Consultants with 27 years experience specialising in the retail property sector.

    He has advised Menkind on all property matters since inception and acquired their first store in 2002 . He was made a director of the management Company in 2012.

  • David Jones BA FCA
    David Jones BA FCA
    Finance Consultant

    David qualified as a Chartered Accountant with BDO in 1987 and has many years’ experience with companies such as Allied Distillers, Monsoon Accessorize and HJ Heinz Frozen before joining the FD Centre as a Consultant. David has over 40 Acquisition, Disposal and Merger deals behind him and has worked in North America, Eastern and Western Europe.

PRESS

RETAIL WEEK: ‘Boys’ toys’ specialist Menkind’s boss on building a ‘grown-up’ retailer

Menkind’s chief executive talks to Retail Week about acquiring Red5 and reducing gifting purchase peaks.

After acquiring gadgets retailer Red5 in August last year, Menkind boss Paul Kraftman focused on preparing his expanded store estate for the vital Christmas trading period.
Both Menkind and Red5 had seasonal pop-ups and operational teams in place to monopolise on present purchases, but there was one issue Kraftman didn’t anticipate – hoverboards.

Read More

MENKIND ACQUIRES COMPETITOR GADGETS RETAILER

Menkind, the UK’s leading multi-channel niche gifts and gadgets retailer, has acquired RED5, the Hull-based consumer gadgets brand.

As part of the acquisition, Menkind intends to retain RED5’s existing stores, warehouse and offices, plus its 220 staff. The original founders Jonathan Elvidge and Joth Baron will remain actively involved in the business during the transition period, as consultants to the management team.

At the end of the 2015 financial year, RED5 reported an 18% sales growth, a turnover of £18 million and pre-tax net profits of £1.3 million.

Read More

M:Tech’s Micro Drone release

The Micro Drone was released on the 20th May 2015 with much excitement from the team at MenKind. This little drone is capable of indoor and outdoor flight despite only measuring in at 4cm on all sides. With fantastic omni-control functionality and the ability to perform mid-air flips there are high hopes for this little piece of tech.

Read More

Financials

Gift Universe Group, formerly Menkind Group is one of the UK’s leading and fastest growing operators in the gifts and gadgets industry.

The company began trading as Menkind opening, our first store in 2002 in The Chimes Shopping Centre in Uxbridge, and over the next few years established our position in the niche gadget and gifting retail market, organically growing the business through store openings and Ecommerce.

Over the past few years, Menkind has experienced substantial growth organically by extending our store portfolio along with significant like for like sales increases. During this period we also increased our direct sourcing, introducing our own brand products which now number over 400 items which has led to significant margin improvement, and has been a key driver in improving the company’s profitability.

Read More

CONTACT US

Gift Universe
The Atrium Business Centre,
Curtis Road,
Dorking,
Surrey,
United Kingdom,
RH4 1XA

enquiries@giftuniverse.com

01482 638916

OR

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