Security-conscious retailers facing a rise in shoplifting in the recession have been turning to the High Wycombe firm Catalyst, which sells electronic tags to prevent theft of clothing and alcohol. Products include reusable tags that can be put on clothes as they are made, so cutting costs; and Bottlelox, its patented tags for alcohol containers. Clients include Tesco, Arcadia and Sainsbury’s. Under co-founder and managing director Paul Clarke, profits have risen 63% a year, from an annualised £789,000 in 2008 to £3.4m in 2011.
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