Warpaint London PLC Queen?s Award for International Trade
24 4월 2018 - 3:01PM
RNS Non-Regulatory
TIDMW7L
Warpaint London PLC
24 April 2018
24 April 2018
Warpaint London plc
("Warpaint London" or the "Company")
Queen's Award for International Trade
Warpaint London plc (AIM: W7L), the specialist supplier of
colour cosmetics and owner of the W7 and Technic brands, is pleased
to announce that Warpaint Cosmetics (2014) Ltd, a trading
subsidiary of the Company, has been awarded the Queen's Award for
International Trade for outstanding growth in overseas sales over
the last three years.
The Queen's Awards for Enterprise recognises outstanding
achievement by UK businesses in the categories of Innovation,
International Trade and Sustainable Development. The awards are
presented annually by HM The Queen, and are given for the highest
levels of excellence demonstrated by a UK based company. The
Queen's Award for International Trade recognises businesses that
have achieved substantial growth in overseas earnings and in
commercial success.
The Company has seen overseas sales increase steeply between
2014 and 2016 from GBP2.0 million to GBP10.4 million. Total growth
in revenue over the period was 420% and overseas sales as a
percentage of total sales rose year on year.
Commenting, Sam Bazini and Eoin Macleod, Joint Chief Executives
of Warpaint, said: "We are extremely honoured and proud to be
selected for a Queen's Award, and we would like to take this
opportuntity to recognise the hard work and dedication of our
employees, and efforts of our partners and distributors
globally.
"To receive one of the most prestigious and internationally
recognised awards for our international trade efforts reflects our
strategy to continually progress as a business and drive the
success of our brands, both domestically and overseas."
Enquiries:
Warpaint London PLC c/o IFC
Sam Bazini - Joint Chief Executive Officer
Eoin Macleod - Joint Chief Executive Officer
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 Limited (Financial PR & IR)
Tim Metcalfe
Heather Armstrong
Florence Chandler 020 3934 6630
About 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 consists
primarily of the Group's flagship brand, W7 - 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 500 items which are sold
into high street retailers and independent beauty shops across the
UK, Europe, Australia and the US. In 2016, W7 was supplied to over
250 customers in more than 50 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's Stuff, in addition
to supplying white label cosmetics produced for several major high
street retailers including Asda and Matalan.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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