Flooding at Standfast & Barracks

RNS Number : 1303I

Walker Greenbank PLC

07 December 2015

 



For immediate release

7 December 2015

WALKER GREENBANK PLC

("Walker Greenbank" or "the Company")

Flooding at Standfast & Barracks

Walker Greenbank PLC (AIM: WGB), the luxury interior furnishings group whose brands include Sanderson, Morris & Co., Harlequin, Zoffany, Scion and Anthology, announces that the factory of Standfast & Barracks, the Company's fabric printing business in Lancaster, has suffered substantial flooding during the weekend's heavy rain brought by Storm Desmond.

The Company is carrying out an urgent assessment of the effects of the flooding and expects a period of disrupted production at the factory along with an adverse impact on machinery, stock and profits. The Company has a comprehensive insurance policy, which covers flood damage and business interruption, and a claim has already been logged.

A further announcement will be made when the effects of the flooding have been appraised.

For further information:

Walker Greenbank PLC	[phone]
John Sach, Chief Executive
Mike Gant, Chief Financial Officer
Investec Bank plc	[phone]
Garry Levin / David Anderson - Nominated Adviser Henry Reast - Corporate Broking
Buchanan	[phone]
Mark Court / Helen Chan / Sophie Cowles

Notes for editors:

About Walker Greenbank

Walker Greenbank PLC is a luxury interior furnishings Group that designs, manufactures and markets wallpapers and fabrics together with a wide range of ancillary interior products. The Group's brand portfolio - comprising Sanderson, Morris & Co, Harlequin, Zoffany, Scion and Anthology - spans heritage and contemporary design and its products are sold in more than 85 countries worldwide. The Group derives significant licensing income from the use of its designs in lifestyle products such as bed linen, rugs and tableware.

The Group employs more than 600 people and has showrooms in London, New York, Paris, Amsterdam and Dubai along with partnership showrooms in Moscow and in Shenzhen, China. Its UK manufacturing base, which includes a wallpaper factory in Loughborough and a fabric printing factory in Lancaster, manufactures product both for the Group and for other wallpaper and fabric brands. Continued investment in manufacturing has allowed the Group to offer a wide range of printing techniques.

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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