Legendary Investments PLC VS win contract with the John Lewis Partnership (3903Y)

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RNS Number : 3903Y

Legendary Investments PLC

03 March 2017

3 March 2017

Legendary Investments PLC ("Legendary")

Virtualstock Holdings Ltd ("VS") win contract with the John Lewis Partnership ("John Lewis")

Legendary is pleased to announce that its investee company VS, has been appointed by the John Lewis Partnership, which includes 48 John Lewis shops across the UK, johnlewis.com and 349 Waitrose shops, to implement its Supply Chain Management System, The Edge.

John Lewis will be utilising The Edge Platform's capabilities including its availability and order management functionality to develop the retailers' Supplier Direct Channel. VS will connect suppliers with John Lewis' systems and processes, enabling improved real-time inventory updates through a centralised system. The Edge provides a collaborative workspace enabling John Lewis and their suppliers to work together.

VS has a history of deploying digital solutions to leading retailers including Tesco, Maplin, Sainsbury's Argos, Dixons Carphone and Office Depot. Selected for its ability to implement agile, scalable technologies, VS continues to provide its retail partners with the tools to optimise supply chain operations, while delivering significant cost savings.

Edward Osborne, Head of Direct To Customer at John Lewis, said "The Partnership is excited to be working with Virtualstock in building functionality to continue moving forward as Britain's leading omni-channel retailer."

Andrew Mills, Chief Executive of VS said "We are delighted to welcome John Lewis, one of the most prestigious brands in retail, as a client. We look forward to delivering digital transformation, improving the customer experience and helping John Lewis to remain at the forefront of the market."

Zafar Karim, Executive Chairman of Legendary said "We are pleased at Virtualstock's continued progress. Early last year, Virtualstock had three household retailers, Tesco, Sainsbury's Argos and MapIin as clients. It now has more than double that number, including the John Lewis Partnership. Virtualstock is now established as a leading supply chain solution in retail, and it is in discussion with several additional retail clients.

"Also, early last year, Virtualstock had one NHS trust, Guy's and St Thomas', as a client. In February 2015, Virtualstock procurement solution was described as exemplary of best practice in employing digital technology to deliver significant cost reductions in Lord Carter's productivity review of the NHS. VS's client portfolio now includes the Shelford Group, which comprises ten leading NHS multi-speciality academic healthcare organisations as clients, and it is in discussions with several additional NHS Trusts."

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

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For further information, please contact:

 
 Legendary Investments    Zafar Karim 
  PLC                      / Thomas Reuner      020 8201 3536 
 Grant Thornton           Colin Aaronson 
  UK LLP                   / Harrison Clarke    020 7383 5100 
 Beaufort Securities 
  Limited                 Elliot Hance          020 7382 8300 
 

About VS

Virtualstock Holdings Ltd is a British technology company that is transforming systems integration by democratising data.

The VS Edge is a game changing, agile data platform, built on open, scalable, secure technology that consumes, validates and exposes data in any format. Data once trapped in siloed legacy systems, is unleashed and transformed into strategic, business critical information, without the need for costly and time consuming systems integration.

Founded in 2004, the VS Team combine deep industry knowledge, to transform complex supply chains, within the Retail and Public Sectors, enabling VS clients to be the disrupters, not the disrupted.

www.virtualstock.co.uk

About John Lewis

John Lewis operates 48 John Lewis shops across the UK (34 department stores, 12 John Lewis at home and shops at St Pancras International and Heathrow Terminal 2) as well as johnlewis.com. It is part of the John Lewis Partnership, the UK's largest example of worker co-ownership and all 30,000 John Lewis staff are Partners in the business.

John Lewis stocks more than 350,000 separate lines in its department stores and johnlewis.com across fashion, home and technology, and was named 'Best In-Store Experience', 'Best Clothing Retailer,' 'Best Electricals Retailer,' 'Best Furniture Retailer,' 'Best Homewares Retailer' and 'Best Click & Collect Retailer' in the 2016 Verdict Customer Satisfaction awards.

Johnlewis.com is consistently ranked one of the top online shopping destinations in the UK. John Lewis Insurance offers a range of comprehensive insurance products - home, car, wedding and event, travel and pet insurance and life cover - delivering the values of expertise, trust and customer service expected from the John Lewis brand.

About Legendary Investments PLC

Legendary Investments PLC is a proactive investment company that focuses on making investments in and assisting companies which exhibit the potential to generate returns of many multiples through capital appreciation. Typically, Legendary invests in small companies where there are clear catalysts for value appreciation and the companies are operating in sectors exhibiting long term growth. Examples of such sectors include technology, energy and natural resources.

This information is provided by RNS

The company news service from the London Stock Exchange

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March 03, 2017 02:00 ET (07:00 GMT)