Australia's Shaver Shop jumps on exclusive distribution license

Shaver Shop

07/06/2024 04:42

** Shares of Shaver Shop Group  SSG.AX  rise as much as 1.4%
to A$1.130, set for best day since May 31, if gains hold    
    ** Grooming product maker says secured exclusive rights to
distribute and sell U.S.-based grooming products maker Skull
Shaver's full range of men's and women's personal grooming
appliances and accessories across Australia and New Zealand
    ** Shaver Shop will pay an up-front fee of $2.25 million on
commencement of deal - co     
    ** SSG up 1.8% YTD, as of last close

 (Reporting by Adwitiya Srivastava in Bengaluru)
 ((Adwitiya.Srivastava@thomsonreuters.com;))