21 Jul 2014 07:00
21 July 2014
LiteBulb Group Limited
("LiteBulb" or the "Company" or the "Group")
Over £4m of orders signed with major retailers
Mary Berry Collection continues to sell well in Sainsbury's
LiteBulb (AIM: LBB), the branded product developer, announces that it has recently finalised orders totalling over £4m from a number of major UK retailers, including Marks & Spencer, Sainsbury's, Boots and Next.
Marks & Spencer
LiteBulb's fully owned subsidiary Meld Marketing Strategies has a long-standing relationship as a valued Full Service Vendor to Marks & Spencer. Meld has developed and sourced bespoke ranges of products for Marks & Spencer since 2002 with the most recent order to supply a range of books, gifts and games, as well as pre-school products.
Sainsbury's
In January 2014 LiteBulb announced a three year deal with Mary Berry to produce a range of kitchen gifts (food and cooking products) for the home featuring ceramic and wooden cookery items, textiles and gift items all designed and manufactured with Mary's personal approval. The initial range of 26 lines was launched in Sainsbury's in March 2014 and the Company is pleased to report that the range has sold well and that Sainsbury's have placed an additional re-stocking order for this range for the autumn.
Boots & Next
One of the gift brands within the Group is Ginger Fox, a young and imaginative business that specialises in designing and developing Games and Novelty Gifts (www.gingerfox.co.uk). LiteBulb has received substantial orders from both Boots and Next for products within this range.
Simon McGivern, CEO of LiteBulb, commented: "The finalisation of orders totalling over £4m demonstrates the dramatic step change this business has seen and how transformative the acquisitions have been - particularly when you consider that we recorded £8m sales for the whole of 2013.
"As a larger business we are gaining further traction with big name UK retailers and our ability to develop such a wide range of innovative new product ranges is proving hugely popular with our customers. The Mary Berry range is a great example of this where we've taken Mary's strong brand and created a popular range of homeware that we expect to see generating over £1m of sales within the first year of launch.
"The business is growing strongly and given that we are entering our busiest period, as retailers look towards Christmas, 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 & 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.