Australia's Forbidden Foods gains after deal with travel retailer Lagardere

OMG

05/04/2023 04:57

** Shares of Forbidden Foods Ltd  FFF.AX  jump as much as
16.7% to A$0.021, hitting their highest since March 2
    ** The organic foods maker says it has secured a new ranging
agreement for its Blue Dinosaur snacks with travel retailer
Lagardere
    ** Under the deal, Lagardere will become a major stockist
for Blue Dinosaur and its products would become available under
Lagardere's store banners of NewsLink, Relay, Watermark and
others, co says 
    ** Adds, deal would put its products before more than 11.5
mln monthly passengers travelling through the top 20 airports
across Australia
    ** Deal follows co's earlier announcement that it extended a
previous contract for its Blue Dinosaur product offerings with
WHSmith, another global travel retailer
    ** FFF down over 33% YTD, as of last close 
    


 (Reporting by Riya Sharma in Bengaluru)
 ((Riya.Sharma@thomsonreuters.com;))