Home shopping group , Findel , has had a more challenging year than expected , with mixed results for its Express Gift business and a tough period at Findel Education . Revenues from continuing operations were £ 410.6 m for the year to March , up by half while pre - tax profit before exceptional items was £ 24.8 m , down 11 % . Exceptional items totalled £ 26.5 m , £ 14.4 m of which went to redress and refund provision at Express Gifts . The group sold Chadderton-headquartered sports merchandise retailer Kitbag to US sportswear retailer Fanatics Inc for approximately £14m in February 2016. David Sugden , executive chairman of Findel , believes the recent sale of assets for around £ 14 m will allow the company to focus on growing its two core businesses .
Home shopping group , Findel , has had a more challenging year than expected , with mixed results for its Express Gift business and a tough period at Findel Education . Revenues from continuing operations were £ 410.6 m for the year to March , up by half while pre - tax profit before exceptional items was £ 24.8 m , down 11 % . Exceptional items totalled £ 26.5 m , £ 14.4 m of which went to redress and refund provision at Express Gifts . David Sugden , executive chairman of Findel , believes the recent sale of assets for around £ 14 m will allow the company to focus on growing its two core businesses .