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Share Name Share Symbol Market Type Share ISIN Share Description
Walker Greenbank Plc LSE:WGB London Ordinary Share GB0003061511 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 79.00 78.00 80.00 79.00 79.00 79.00 1,528 08:00:05
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Household Goods & Home Construction 111.5 4.4 5.2 15.1 55

Walker Greenbank PLC Collaboration to launch Scion Online Shop

20/11/2020 7:00am

UK Regulatory (RNS & others)


TIDMWGB

RNS Number : 9432F

Walker Greenbank PLC

20 November 2020

 
 For immediate release   20 November 2020 
 

WALKER GREENBANK PLC

("Walker Greenbank", the "Company" or the "Group")

Collaboration to launch Scion online shop

Walker Greenbank PLC (AIM: WGB), the luxury interior design and furnishings group, announces an innovative collaboration to advance the Company's digital strategy in which a leading internet retailer of home furnishings will develop and operate an online shop for the Company's Scion brand.

The online shop, dedicated solely to Scion, will sell the brand's products direct to consumers under a franchise agreement with Design Online Limited ("Design Online"), a company formed by the leading internet retailer Jane Clayton and Company.

For more than 30 years, Walker Greenbank has worked closely with Jane Clayton and Company, whose multi-brand website, www.janeclayton.co.uk , sells all of the Company's brands.

The franchise agreement with Design Online will have an initial term of five years and require little capital investment by the Company. Design Online will use its extensive e-commerce experience in the development of the Scion online shop, digital marketing and fulfilment.

The online shop, to be called Scion Living, is expected to be launched in Spring next year. It will initially serve customers in the UK and Europe before potentially expanding internationally.

The shop's product range is expected to include all Scion fabrics and wallcoverings along with bespoke furnishings and an extensive range of licensed products.

Bertie Clayton, Managing Director of Jane Clayton and Company and Design Online, said: "We look forward to bringing our industry-specific expertise in e-commerce and digital marketing to the Scion brand. The brand's mid-range price points, modern designs and zesty colours are well suited for online retail via a dedicated website where these qualities can be brought to the fore. We are delighted Walker Greenbank has chosen to partner with us."

Lisa Montague, Walker Greenbank's Chief Executive Officer, said: "We are excited by the potential of this innovative online route to market for our youthful Scion brand. We are very pleased to be working with the team at Jane Clayton and Company and believe that the development of a brand-specific online shop will be a first in our industry. The online shop will both advance the Company's digital strategy and provide an additional route to market for the Scion brand."

For further information:

 
 Walker Greenbank PLC                      c/o Buchanan +44 (0) 20 
                                                         7466 5000 
 Lisa Montague, Chief Executive Officer 
 Michael Williamson, Chief Financial 
  Officer 
 Caroline Geary, Company Secretary 
 
 Investec Bank plc (Nominated Adviser 
  and Broker)                                 +44 (0) 20 7597 5970 
 David Anderson / Alex Wright 
 Henry Reast 
 
 Buchanan                                     +44 (0) 20 7466 5000 
 Mark Court / Toto Berger / Charlotte 
  Slater 
 

walkergreenbank@buchanan.uk.com .

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 licensing income from the use of its designs on a wide range of products such as bed and bath collections, rugs, blinds and tableware.

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

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

Walker Greenbank employs approximately 600 people and its products are sold in more than 85 countries worldwide. It has showrooms in London, New York, Chicago, Paris, Amsterdam and Dubai.

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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END

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November 20, 2020 02:00 ET (07:00 GMT)

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