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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Accrol Group Holdings Plc | LSE:ACRL | London | Ordinary Share | GB00BZ6VT592 | ORD GBP0.001 |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 38.30 | 38.30 | 38.40 | 38.50 | 38.30 | 38.50 | 864,558 | 16:28:37 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Convrt Paper,paperbd Pds,nec | 241.91M | -5.7M | -0.0179 | -21.40 | 122.13M |
From Apr 2022 to Apr 2024
By Anthony O. Goriainoff
Accrol Group Holdings PLC said Wednesday that it has reached a licensing agreement with Unilever PLC to produce and sell a kitchen towel product under its Lifebuoy brand.
The U.K. tissue producer said it expects to deliver Lifebuoy kitchen towel at a retail price-point positioned between the current market leader and its private label equivalents.
Production of the Lifebuoy kitchen towel product requires no additional capital investment, Accrol said.
In January, the company said that its licensed business model is expected to generate 10% to 20% of group revenue in the medium-to-long term.
"The group has ambition and continues to explore new opportunities, including further licensing deals, to bring high quality products at affordable prices to the U.K. consumer," the company said.
Write to Anthony O. Goriainoff at anthony.orunagoriainoff@dowjones.com
(END) Dow Jones Newswires
March 01, 2023 03:09 ET (08:09 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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