East Imperial PLC - New Zealand-based producer of tonic waters and drink mixers - Says "momentum of prestige listings" in Tier 1 and 2 outlets has continued in 2024, with products becoming available in "numerous... luxury restaurants, bars and hotels" particularly in California and Florida. Recent new US listings include provision of range to events firm Tres LA Group in Los Angeles, and to the Kayseya Centre arena and The Mondrian Hotel in Miami. Expansion in New Zealand also continues, with a full product range to be served at The Nightcar restaurant in Auckland.
East Imperial also expands partnership with InterContinental Hotels Group PLC, with its brand range now available at the five-star Amstel Hotel in Amsterdam. The company says this "significant milestone" shows its "ability to 'land and expand'...with large brands".
Chief Executive Officer Anthony Burt says: "East Imperial is on an exciting growth journey...[and] can punch well above its weight with respect to the resources available to us relative to some of our peers...[Our] ability to reach out and pick up these high-end client accounts makes me more confident than ever about our brand's strength and growth strategy. I look forward to further updating the market as we record new business wins."
Current stock price: 0.64 pence
12-month change: down 63%
By Emma Curzon, Alliance News reporter
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East Imperial (EISB)
InterContinental Hotels (IHG)