IN BRIEF: UP Global Sourcing opens new European showroom in Paris

UP Global Sourcing Holdings PLC - Manchester-based owner of homeware brands, including Salter and Beldray - Opens new European showroom in Paris. The new showroom is spread across a 16,500 square foot space at the Homexpo Paris showroom complex, where the anchor tenant is JJA, one of France's largest home furnishing suppliers. Says the site, which is near Charles de Gaulle airport, is ideally located for hosting both existing and prospective customers across France and Europe.

To support the showroom's activities, Ultimate Products has appointed a new sales team in Paris, who join the company's other international sales teams in Germany and Poland. Ultimate Products currently derives approximately 30% of its revenues from European countries.

Chief Executive Simon Showman says: "I am massively excited to have opened a European showroom in Paris, which I am confident will help us grow our presence in the sizable French market. Our products are already present in most UK households, and I firmly believe that they will be just as attractive to retail partners and consumers in France, as well as the wider European market more generally. I would like to extend a warm welcome to our new team in Paris, who will be invaluable in helping us to achieve our ambitious growth plans."

Current stock price: 118.50 pence each

12-month change: up 13%

By Sophie Rose, Alliance News reporter

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