1 Jul 2014 07:00
1 July 2014
LiteBulb Group Limited
("LiteBulb" or the "Company" or the "Group")
£1m of orders signed with major retailers including Debenhams and Tchibo
LiteBulb (AIM: LBB), the brand and product development specialist, has received orders totalling over £1m from a number of major retailers. This includes developing and extending a new range of products for a major UK retailer, the inclusion of products in Debenham's Christmas Gift Range and the supply of products to German retailer Tchibo.
Major UK retailer
GO Entertainment Group Limited ("GO Entertain"), a fully owned subsidiary of LiteBulb, has signed an agreement with a major UK retailer to develop a new range of products covering books, memorabilia, DVDs and magazines. LiteBulb will extend the retailer's magazine and DVD range with 24 new magazines and four new DVD sets covering brands such as the History Channel, Discovery, BBC, ESPN and the Imperial War Museum. An initial range was delivered in April but the majority of the agreement relates to orders for September in time for the busier Q4 retail trading period. The agreement represents a significant increase on previous orders placed with GO Entertain and reflects the increased traction with blue chip retailers and the impact that the larger portfolio of products is having on purchasing orders.
Debenhams
In addition, LiteBulb, has received an order from Debenhams through its wholly owned subsidiary, Bluw, to supply over 30 items for their Christmas Gift Range. The items include gift sets, stocking fillers and novelty toys, as well as Dr Who and Star Wars branded items and items from the popular Silly Socks range - one of LiteBulb's best-selling Christmas Gifts in 2013. The order from Debenhams represents a 16% increase on Christmas orders for 2013.
Tchibo
Bluw, has also signed up a new account, Tchibo, the German retailer with over 1,500 outlets across Europe. The initial order includes items from the Star Wars merchandise range as well as items from the popular Scootrix range of scooter accessories. Like many retailers, Tchibo are looking for new and innovative products to add to their offering and it is hoped that this relationship will develop to include further orders from the wider LiteBulb portfolio.
Simon McGivern, CEO of LiteBulb, commented: "I am very pleased to see the progress that the business is making as we grow our revenues to a critical mass significantly above the £8m that we recorded in the 12 months to December 2013. We continue to see organic growth in sales across the Group and I am delighted with the growing contribution from Go Entertain since the acquisition in April. I remain confident that we are on track to deliver further significant growth this year."
LiteBulb Group Limited | www.litebulbgroup.com |
Simon McGivern, Chief Executive | Tel: 020 3384 7131 |
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finnCap (NOMAD & Joint Broker) | Tel: 020 7220 0500 |
Stuart Andrews/Ben Thompson (Corporate Finance) |
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Joanna Weaving (Corporate Broking) |
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Walbrook PR Limited | Tel: 020 7933 8780 or litebulb@walbrookpr.com |
Bob Huxford | Mob: 07747 635 908 |
Paul McManus | Mob: 07980 541 893 |
About LiteBulb Group - www.litebulbgroup.com
LiteBulb Group designs, manufactures and distributes innovative brands and products to the global retail market.
LiteBulb Products - our wide range of products are sold in over 30 countries through blue chip retailers including: ASDA, BHS, Tesco, Sainsbury's, WH Smith, Halfords, Marks & Spencer, Morrisons, QVC, Next, Fenwicks and Toys R Us.
LiteBulb Creative is a creative agency with global reach, delivering compelling and agile brand extension programmes to the entertainment industry. LiteBulb Creative has designed products and campaigns for clients around the world, including Disney, Hasbro and Miramax.