Brief: Lohilo And General Mills Not To Extend Distribution Deal

Lohilo Foods AB (publ)

26/09/2022 08:29

Sept 26 (Reuters) - Lohilo Foods AB (publ)  LOHILO.ST :
    * CO AND GENERAL MILLS DECIDE NOT TO EXTEND DISTRIBUTION
AGREEMENT
    * CONDITIONS THAT GENERAL MILLS SET FOR EXTENSION OF
AGREEMENT
COULD NOT BE ACCEPTED BY LOHILO
    * AGREEMENT EXPIRES ON DECEMBER 31, 2022
    * WILL IN Q4 CARRY OUT REVIEW TO OPTIMIZE SIZE AND STRUCTURE
OF
ITS ORGANIZATION
    * TO USE ITS EXISTING ORGANIZATION FOR SALES AND
DISTRIBUTION OF
HÄAGEN DAZS
    * NEW DISTRIBUTION AGREEMENTS WITH FUUD AND SPROUD
COMMUNICATED IN
AUGUST ARE ESTIMATED TO COVER A LARGE PART OF MARGIN LOSS IN
2023 THAT ENDING AGREEMENT WITH HÄAGEN DAZS MEANS

Source text for Eikon:  ID:nWkr4xjcTp 
Further company coverage:  LOHILO.ST 
 (Gdansk Newsroom)
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