Warpaint London PLC Further UK Retail Expansion (4382O)
01 Junio 2020 - 1:00AM
UK Regulatory
TIDMW7L
RNS Number : 4382O
Warpaint London PLC
01 June 2020
1 June 2020
Warpaint London PLC
("Warpaint", the "Company" or the "Group")
Further UK Retail Expansion
Technic and Body Collection brands to be launched in wilko
stores
Warpaint London plc (AIM: W7L), the specialist supplier of
colour cosmetics and owner of the W7 and Technic brands , is
pleased to announce that it has signed a contract with wilko to
stock certain of the Group's products in their UK-based wilko
stores.
From mid-September 2020 it is planned that approximately 100
exclusive Body Collection branded products, designed in partnership
with wilko, will be stocked in 355 wilko stores and over 115
different Technic branded products will be stocked in 189 wilko
stores. The Group's products will be displayed on bespoke display
stands in prime in-store locations and they will also be sold by
wilko.com. It is also envisaged that a range of Technic and Body
Collection gift sets will be stocked in wilko stores for the
Christmas shopping period.
Commenting, Sam Bazini, Chief Executive of Warpaint, said: " I
am delighted that we have reached agreement with wilko to stock our
Body Collection and Technic ranges. This is the latest development
in our strategy to increase the presence of the Group's brands with
leading retailers in the UK and internationally. wilko, with their
UK-wide presence and focus on providing quality products that solve
their customers' needs, is an ideal retail partner for
Warpaint.
"Significant parts of the UK market remain largely unexploited
by Warpaint and we continue to seek new channels through which to
sell our products. The agreement with wilko comes on the back of
the successful start to sales of the Group's W7 products through
Tesco and we look forward to reaching agreement with other leading
retailers to stock the Group's products in due course."
Enquiries:
Warpaint London c/o IFC
Sam Bazini - Chief Executive Officer
Eoin Macleod - Managing Director
Neil Rodol - Chief Financial Officer
Shore Capital (Nominated Adviser and Joint
Broker)
Antonio Bossi - Corporate Advisory
Daniel Bush - Corporate Advisory
Fiona Conroy - Corporate Broking 020 7408 4090
N+1 Singer (Joint Broker)
Shaun Dobson - Corporate Finance
Alex Bond - Corporate Finance 020 7496 3000
IFC Advisory (Financial PR & IR)
Tim Metcalfe
Graham Herring
Florence Chandler 020 3934 6630
Notes to editors:
Warpaint London plc
Warpaint London plc is made up of two divisions.
The largest division sells cosmetics under the lead brand names
of W7, Technic and Body Collection. W7 is sold in the UK primarily
to retailers and internationally to local distributors or retail
chains. The Technic brand is sold in the UK and continental Europe
with a significant focus on the gifting market, principally for
high street retailers and supermarkets. In addition, this division
supplies own brand white label cosmetics produced for several major
high street retailers. The Group also sells cosmetics using our
other brand names of Man'stuff, Vintage, Very Vegan and Chit
Chat.
The other division trades in close-out and inventory of branded
cosmetics and fragrances from around the world.
wilko
Founded in 1930 and family owned, wilko Retail Limited and its
parent company, Wilkinson Hardware Stores Limited, operates 415
wilko stores across the UK. wilko exists to free up hard-working
families to be the best they can be with great value, quality
products that simply help through stores and a website that people
love to shop and is a business that believes in treating people
with fairness and respect.
All wilko stores remain open during the Covid-19 pandemic
operating their "Safe Shopping In Store" policies.
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END
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