Walker Greenbank PLC Extends Distribution Agreement with Kravet Inc. (6006U)
26 Noviembre 2019 - 1:00AM
UK Regulatory
TIDMWGB
RNS Number : 6006U
Walker Greenbank PLC
26 November 2019
26 November 2019
WALKER GREENBANK PLC
("Walker Greenbank" or the "Company")
Extends Distribution Agreement with Kravet Inc.
Kravet Inc. to distribute Clarke & Clarke and Studio G
brands in Canada
Walker Greenbank PLC (AIM: WGB), the luxury interior furnishings
group, announces that it is building on its existing agreement with
Kravet Inc., which has been distributing the Clarke & Clarke
and Studio G brands in the US since August this year, by extending
the agreement to include Canada.
The decision to extend the distribution agreement for the Clarke
& Clarke and Studio G brands to Canada follows a positive start
to the distribution of the two brands in the US by Kravet Inc., the
premier US home furnishings resource available exclusively to the
trade.
The Clarke & Clarke and Studio G brands were, until earlier
this year, distributed in Canada by Robert Allen Duralee Group,
which also formerly distributed the two brands in the US.
Walker Greenbank has a long track record of working with Kravet
Inc. through the Company's manufacturing operations, which print
wallpapers and fabrics for certain Kravet Inc. brands.
Lisa Montague, Walker Greenbank's Chief Executive Officer, said:
"We have been pleased with Kravet Inc.'s progress in the
distribution of the Clarke & Clarke and Studio G brands in the
US and are therefore delighted to extend the agreement to include
Canada, thereby giving us a single, strong distributor for the two
brands in North America."
Cary Kravet, Kravet Inc.'s President and Chief Executive
Officer, added: "We are pleased to be distributing Clarke and
Clarke and Studio G to our Canadian clients. Canada is a vibrant
market for Kravet, including brand new showrooms recently opened in
Toronto and Vancouver. We look forward to this exciting
opportunity."
For further information:
Walker Greenbank PLC +44 (0) 1895 221068
Lisa Montague, Chief Executive Officer
Mike Gant, Chief Financial Officer
Caroline Geary, Company Secretary
Investec Bank plc (Nominated Adviser and
Broker) +44 (0) 20 7597 5970
David Anderson / Alex Wright - Corporate
Finance
Henry Reast - Corporate Broking
Buchanan +44 (0) 20 7466 5000
Mark Court / Toto Berger / Charlotte Slater
Notes for editors:
About Walker Greenbank
Walker Greenbank PLC is a luxury interior furnishings company
that designs, manufactures and markets wallpapers, fabrics and
paints. In addition, the Company derives significant licensing
income from the use of its designs on a wide range of interior
products such as bed linen, rugs and tableware.
Walker Greenbank's brands include Zoffany, Sanderson, Morris
& Co, Harlequin, Scion and Clarke & Clarke.
The Company has a strong UK manufacturing base, comprising a
wallpaper factory in Loughborough and a fabric printing factory in
Lancaster. Both factories manufacture for the Company and for other
wallpaper and fabric brands.
Walker Greenbank employs more than 650 people and its products
are sold in more than 85 countries worldwide. It has showrooms in
London, New York, Chicago, Paris and Dubai.
Walker Greenbank trades on the AIM market of the London Stock
Exchange under the ticker symbol WGB.
For further information please visit:
www.walkergreenbank.com
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END
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