Warpaint London PLC AGM Statement (0382R)
12 June 2018 - 4:00PM
UK Regulatory
TIDMW7L
RNS Number : 0382R
Warpaint London PLC
12 June 2018
12 June 2018
Warpaint London plc
("Warpaint London" or the "Company" or the "Group")
AGM Statement
Warpaint London plc (AIM: W7L), the specialist supplier of
colour cosmetics and owner of the W7 and Technic brands, announces
that at the Annual General Meeting of the Company to be held later
today, Clive Garston, Chairman of the Company, will make the
following statement:
"I am pleased to report that the Company continues to trade in
line with expectations and that the outlook for the rest of the
year is encouraging.
Retra Holdings, acquired by the Group in November 2017, has
integrated well and we are seeing the expected synergies, both
operationally and from a sales perspective.
I am particularly pleased to report that our order book for
Christmas sales is ahead of last year, both for W7 and the Retra
brands.
We continue to ensure that we are innovative both in our product
strategy and routes to market, and we look forward to providing a
further update at the time of the release of our interim results in
September 2018."
Enquiries:
Warpaint London plc Via IFC
Sam Bazini - Joint Chief Executive
Eoin Macleod - Joint Chief Executive
Neil Rodol - Chief Financial Officer
Stockdale Securities Limited (Nominated Adviser
and Broker)
Antonio Bossi, Ed Thomas - Corporate Finance
Fiona Conroy - Corporate Broking 020 7601 6100
IFC Advisory (Financial PR & IR)
Tim Metcalfe
Graham Herring
Heather Armstrong
Miles Nolan 020 3934 6630
Warpaint London plc
Warpaint London is a colour cosmetics business, based in Iver,
Buckinghamshire. It is made up of two divisions: close-out and
own-brand. The second and larger own-brand division primarily
consists of the Group's flagship brand, W7, together with the
Technic, Body Collection and Man'stuff brands acquired through the
acquisition of Retra Holdings in 2017.
W7 is an extremely creative, design-focused cosmetic brand
proposition with a focus on the 16-30 age range, delivering
high-quality cosmetics at affordable prices. The W7 brand has grown
organically since its inception in 2002 and now contains over 700
items which are sold into high street retailers and independent
beauty shops across the UK, Europe, Australia and the US. In 2017,
W7 was supplied in more than 60 countries.
In 2017 Warpaint completed the acquisition of Retra Holdings
Limited, a UK colour cosmetics business with a significant focus on
the gifting market, principally for high street retailers and
supermarkets including Boots, Superdrug and Asda. Retra owns three
major brands: Technic, Body Collection and Man'stuff, in addition
to supplying white label cosmetics produced for several major high
street retailers including Asda and Matalan.
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END
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