TIDMLEG
RNS Number : 3903Y
Legendary Investments PLC
03 March 2017
3 March 2017
Legendary Investments PLC ("Legendary")
Virtualstock Holdings Ltd ("VS") win contract with the John
Lewis Partnership ("John Lewis")
Legendary is pleased to announce that its investee company VS,
has been appointed by the John Lewis Partnership, which includes 48
John Lewis shops across the UK, johnlewis.com and 349 Waitrose
shops, to implement its Supply Chain Management System, The
Edge.
John Lewis will be utilising The Edge Platform's capabilities
including its availability and order management functionality to
develop the retailers' Supplier Direct Channel. VS will connect
suppliers with John Lewis' systems and processes, enabling improved
real-time inventory updates through a centralised system. The Edge
provides a collaborative workspace enabling John Lewis and their
suppliers to work together.
VS has a history of deploying digital solutions to leading
retailers including Tesco, Maplin, Sainsbury's Argos, Dixons
Carphone and Office Depot. Selected for its ability to implement
agile, scalable technologies, VS continues to provide its retail
partners with the tools to optimise supply chain operations, while
delivering significant cost savings.
Edward Osborne, Head of Direct To Customer at John Lewis, said
"The Partnership is excited to be working with Virtualstock in
building functionality to continue moving forward as Britain's
leading omni-channel retailer."
Andrew Mills, Chief Executive of VS said "We are delighted to
welcome John Lewis, one of the most prestigious brands in retail,
as a client. We look forward to delivering digital transformation,
improving the customer experience and helping John Lewis to remain
at the forefront of the market."
Zafar Karim, Executive Chairman of Legendary said "We are
pleased at Virtualstock's continued progress. Early last year,
Virtualstock had three household retailers, Tesco, Sainsbury's
Argos and MapIin as clients. It now has more than double that
number, including the John Lewis Partnership. Virtualstock is now
established as a leading supply chain solution in retail, and it is
in discussion with several additional retail clients.
"Also, early last year, Virtualstock had one NHS trust, Guy's
and St Thomas', as a client. In February 2015, Virtualstock
procurement solution was described as exemplary of best practice in
employing digital technology to deliver significant cost reductions
in Lord Carter's productivity review of the NHS. VS's client
portfolio now includes the Shelford Group, which comprises ten
leading NHS multi-speciality academic healthcare organisations as
clients, and it is in discussions with several additional NHS
Trusts."
The information contained within this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulations (EU) No. 596/2014. Upon the publication of this
announcement, this inside information is now considered to be in
the public domain.
- Ends -
For further information, please contact:
Legendary Investments Zafar Karim
PLC / Thomas Reuner 020 8201 3536
Grant Thornton Colin Aaronson
UK LLP / Harrison Clarke 020 7383 5100
Beaufort Securities
Limited Elliot Hance 020 7382 8300
About VS
Virtualstock Holdings Ltd is a British technology company that
is transforming systems integration by democratising data.
The VS Edge is a game changing, agile data platform, built on
open, scalable, secure technology that consumes, validates and
exposes data in any format. Data once trapped in siloed legacy
systems, is unleashed and transformed into strategic, business
critical information, without the need for costly and time
consuming systems integration.
Founded in 2004, the VS Team combine deep industry knowledge, to
transform complex supply chains, within the Retail and Public
Sectors, enabling VS clients to be the disrupters, not the
disrupted.
www.virtualstock.co.uk
About John Lewis
John Lewis operates 48 John Lewis shops across the UK (34
department stores, 12 John Lewis at home and shops at St Pancras
International and Heathrow Terminal 2) as well as johnlewis.com. It
is part of the John Lewis Partnership, the UK's largest example of
worker co-ownership and all 30,000 John Lewis staff are Partners in
the business.
John Lewis stocks more than 350,000 separate lines in its
department stores and johnlewis.com across fashion, home and
technology, and was named 'Best In-Store Experience', 'Best
Clothing Retailer,' 'Best Electricals Retailer,' 'Best Furniture
Retailer,' 'Best Homewares Retailer' and 'Best Click & Collect
Retailer' in the 2016 Verdict Customer Satisfaction awards.
Johnlewis.com is consistently ranked one of the top online
shopping destinations in the UK. John Lewis Insurance offers a
range of comprehensive insurance products - home, car, wedding and
event, travel and pet insurance and life cover - delivering the
values of expertise, trust and customer service expected from the
John Lewis brand.
About Legendary Investments PLC
Legendary Investments PLC is a proactive investment company that
focuses on making investments in and assisting companies which
exhibit the potential to generate returns of many multiples through
capital appreciation. Typically, Legendary invests in small
companies where there are clear catalysts for value appreciation
and the companies are operating in sectors exhibiting long term
growth. Examples of such sectors include technology, energy and
natural resources.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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