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FMI sold to rewards specialist Love2shop

Corporate rewards arm of Park Group will accelerate FMI growth

Pictured: Chris Hartley, business development director, Park Group John Fisher, managing director, FMI Group, Chris Houghton, CEO Park Group

Fisher Moy International (FMI), the event management and staff engagement company set up by M&IT columnist John Fisher and Tony Moy, has been sold to Love2shop Business Services in an undisclosed cash deal.

Love2shop is the Birkenhead-based corporate rewards division of Park Group plc, a £385 million turnover company, and is a leading multi-retailer voucher provider connected with more than 20,000 stores and serves more than 9500 corporate clients. It is expected that FMI will be in a position to provide additional services to those clients.

There will be no staff changes as a result and the FMI operation will remain in Chilton, Buckinghamshire, under Fisher’s management with a brief for further expansion in the sector.

Fisher said: “In this business you need to be big if you are going to work with the top corporate clients and as a result of this deal, we will be in a position to service premier league clients in a way that was not previously possible and allow us to grow quickly”.

Chris Hartley, director of Love2shop Business Services, said: “The synergy between the two businesses made this acquisition an easy decision. We offer the UK’s leading multi-retail gift cards and vouchers alongside some particularly innovative reward technology to support corporate reward initiatives that boost the engagement of employees. 

FMI provides strategic consultancy and non-reward marketing services. Together we can now supply whatever any organisation needs to improve engagement with customers and employees alike.”

John Fisher is a 30-year veteran of the incentive travel and employee engagement business and together with Tony Moy sold their business P&MM (previously Page & Moy Marketing) in a management buyout in 1999.

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