LONDON, UK: Supreme Plc (AIM:SUP), a leading manufacturer, supplier, and brand owner of fast-moving consumer products, confirmed the disposal of McColl’s Retail Group to Alliance Property Holdings, part of the Morrisons Group.
The company wishes to clarify that it has always served the McColl’s Retail Group 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.
Supreme Plc 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.