Wickes Franchise Agreement

Travis Perkins PLC 26 October 2007 26 October 2007 TRAVIS PERKINS PLC Wickes franchises its business in Ireland Travis Perkins plc ('Travis Perkins'), a leading UK builders merchant and home improvement retailer, announces that its subsidiary company, Wickes Ltd, ('Wickes') has entered a franchise agreement with Moritz Home Improvements Ltd ('Moritz') under which Moritz will develop home improvement stores in Ireland under the Wickes brand. While Moritz will be responsible for operating the business, Wickes will sell products to the business from its own range and receive commission on retail sales. It will also provide training and marketing support. It is presently anticipated that the first Wickes store in Ireland will open in 2008. Moritz is a subsidiary of Moritz Holdings Ltd, a leading commercial and residential property development company in Ireland, which also operates a chain of builders merchant stores. John Carter, Chief Operating Officer of Travis Perkins, commented: 'This is an excellent low risk opportunity to gain experience of extending the Wickes brand outside the UK, under the leadership of its Managing Director, Jeremy Bird. We are delighted to be joining forces with Moritz in Ireland where we believe there are good prospects for a high quality trade-focussed home improvement business like Wickes'. There will be a conference call for analysts at 10.00am (GMT) today. To dial into the conference, please call: 0845 111 4059 (UK Local Call) or, +44 (0)1452 555 666 (International Dial In), quoting Conference ID: 22453174. Enquiries: Geoff Cooper, Chief Executive Travis Perkins PLC Tel: +44 (0)1604 683 221 John Carter, Chief Operating Officer Travis Perkins PLC Tel: +44 (0)1604 683 221 David Bick Square 1 Consulting Limited Tel: +44 (0)20 7929 5599 This information is provided by RNS The company news service from the London Stock Exchange
UK 100

Latest directors dealings