Vape giant Supreme buys Slimfast inm deal|03220012111

Vape giant Supreme buys Slimfast inm deal

Vape giant Supreme buys Slimfast inm deal

Category: Food Supplements

Price : 14500 PKR Special Price 8500 PKR - 41% Off

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Wholesaler Supreme has bought meal replacement and weight management brand Slimfast in what promises to be an immediately earnings-enhancing deal, analysts have said.|03220012111

Wholesaler Supreme has bought meal replacement and weight|03220012111

management brand Slimfast in what promises to be an immediately earnings-enhancing deal, analysts have said.

The deal, which saw Supreme

sent the former company’s share price up more than six per cent in early trades.

Slimfast is known for its meal replacement shakes, bars, snacks and weight loss plans.

The company’s UK and European assets reported unaudited revenue of £25.5m andEquity analyst at Shore Capital, Darren Shirley, said the acquisition was “further evidence of Supreme’s strong entrepreneurial spirit”, adding that he “welcome[d] further diversification from the UK vaping market”.

The transaction will see Supreme venture further into the health and wellness market.

While it currently makes the majority of its revenue from the sale of vapes, Supreme already sells a varie.

“[Slimfast will] help further dilute the importance of vaping whilst bolstering the Group’s presence in a fast-growing market where Supreme has only limited exposure,” Zeus analysts said.

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