REG - Supreme PLC - Sale of McColl's Retail Group

SupremeAnnouncement

10/05/2022 07:00

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RNS Number : 8604K  Supreme PLC  10 May 2022

10 May 2022

 

Supreme plc

 

("Supreme," the "Company" or the "Group")

 

Sale of McColl's Retail Group

 

Supreme (AIM:SUP), a leading manufacturer, supplier, and brand owner of
fast-moving consumer products, notes confirmation of the sale of McColl's
Retail Group plc ("McColl's") to Alliance Property Holdings, part of the
Morrisons Group ("Morrisons").

The Company wishes to clarify that it has always served the McColl's store
estate via a distribution agreement with Morrisons (meaning Supreme delivers
and invoices to Morrisons directly).

The Company estimates that the McColl's estate contributed approximately
£350k in revenue to the Group (less than 0.5%) for the year ended 31 March
2022.

The Company continues to trade well and looks forward to updating the market
further at the announcement of its year end results in July.

 

Enquiries:

 

 Supreme plc                                                           via Vigo Consulting

 Sandy Chadha, Chief Executive Officer

 Suzanne Smith, Chief Finance Officer

 Grant Thornton UK LLP (Nominated Adviser)                             +44 (0)20 7383 5100

 Philip Secrett / Samantha Harrison / Harrison Clarke / Daphne Zhang

 Berenberg (Broker)                                                    +44 (0)20 3207 7800

 Chris Bowman / Mark Whitmore / Mara Grasso

 Vigo Consulting (Financial Public Relations)                          +44 (0)20 7390 0230

 Jeremy Garcia / Kendall Hill

 supreme@vigoconsulting.com

 

About Supreme

 

Supreme supplies products across five key categories; batteries, lighting,
vaping, sports nutrition & wellness, and branded household consumer goods.
The Company's capabilities span from product development and manufacturing
through to its extensive retail distribution network and direct to consumer
capabilities. This vertically integrated platform provides an excellent route
to market for well-known brands and products.

 

The Group has over 3,300 active business accounts with retail customers who
manage over 10,000 branded retail outlets. Customers include B&M, Home
Bargains, Poundland, The Range, Sports Direct, Londis, SPAR, Costcutter, Asda,
Halfords, Iceland and HM Prison & Probation Service.

 

In addition to distributing globally-recognised brands such as Duracell,
Energizer and Panasonic, and supplying lighting products exclusively under the
Energizer, Eveready and JCB licences across 45 countries, Supreme has also
developed brands in-house, most notably 88Vape and has a growing footprint in
Sports Nutrition and Wellness.

 

https://investors.supreme.co.uk/ (https://investors.supreme.co.uk/)

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