Further UK Retail Expansion
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:
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Warpaint London Sam Bazini - Chief Executive Officer Eoin Macleod - Managing Director Neil Rodol - Chief Financial Officer |
c/o IFC
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Shore Capital (Nominated Adviser and Joint Broker) Antonio Bossi - Corporate Advisory Daniel Bush - Corporate Advisory Fiona Conroy - Corporate Broking
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020 7408 4090 |
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N+1 Singer (Joint Broker) Shaun Dobson - Corporate Finance Alex Bond - Corporate Finance
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020 7496 3000
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IFC Advisory (Financial PR & IR) Tim Metcalfe Graham Herring Florence Chandler |
020 3934 6630
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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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