Distribution Agreement with Kravet Inc.

RNS Number : 9324D

Walker Greenbank PLC

01 July 2019

 

For immediate release

1 July 2019

WALKER GREENBANK PLC

("Walker Greenbank" or the "Company")

Distribution agreement with Kravet Inc.

Walker Greenbank PLC (AIM: WGB), the luxury interior furnishings group, announces that it has entered into a distribution agreement with Kravet Inc., the premier US home furnishings resource available exclusively to the trade, for the distribution of its Clarke & Clarke and Studio G brands in the US.

Kravet Inc., a fifth generation family business founded in 1918, owns and distributes Kravet, Lee Jofa, Groundworks, Brunschwig & Fils and the UK's GP & J Baker brands as well as distributing a series of other high market brands - all specialising in style, luxury and exceptional design.

Walker Greenbank has a track record of working with Kravet Inc. through the Company's manufacturing operations, which print wallpapers and fabrics for certain Kravet Inc. brands.

Kravet Inc. replaces Robert Allen Duralee Group (RADG), the Company's previous US distributor of the Clarke & Clarke and Studio G brands.

Lisa Montague, Walker Greenbank's Chief Executive Officer, said: "We are delighted to enter into this distribution agreement with Kravet Inc., a successful and highly respected business with strong routes to market in the US and elsewhere. We are confident that Kravet is well-placed to support us with the future growth of Clarke & Clarke and Studio G in the US."

For further information:

Walker Greenbank PLC	[phone]
Lisa Montague, Chief Executive Officer Mike Gant, Chief Financial Officer Caroline Geary, Company Secretary
Investec Bank plc (Nominated Adviser and Broker)	[phone]
David Anderson / Alex Wright
Henry Reast / Richard Short
Buchanan	[phone]
Mark Court / Sophie Wills

Notes for editors:

About Walker Greenbank

Walker Greenbank PLC is a luxury interior furnishings company that designs, manufactures and markets wallpapers, fabrics and paints. In addition, the Company derives significant licensing income from the use of its designs on a wide range of interior products such as bed linen, rugs and tableware.

Walker Greenbank's brands include Sanderson, Morris & Co, Harlequin, Zoffany, Scion, Clarke & Clarke and Studio G.

The Company has a strong UK manufacturing base, comprising a wallpaper factory in Loughborough and a fabric printing factory in Lancaster. Both factories manufacture for the Company and for other wallpaper and fabric brands.  

Walker Greenbank employs more than 600 people and its products are sold in more than 85 countries worldwide. It has showrooms in London, New York, Chicago, Paris, Amsterdam, Moscow and Dubai along with a partnership showroom in Shenzhen, China.

Walker Greenbank trades on the AIM market of the London Stock Exchange under the ticker symbol WGB.

For further information please visit: www.walkergreenbank.com   

 

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