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According to British media news on July 5, Supreme Imports PLC becomes the master distributor of ELFBAR and LOST MARY in the UK. This is a move set to provide multimillion pound business boost to these two vape brands as well as Supreme.
The distributor Supreme PLC is a Manchester based FMCG manufacturer, supplier and brand of fast-moving consumer products.
Supreme PLC is the UK’s battery and lighting distributor, and a leading name in the wellness, vape pens and vaping market.
Supreme will supply products from ELFBAR and LOST MARY to major UK retailers. Including Tesco, Morrison, One Stop and WHSmith Travel.
Supreme PLC logo
Supreme CEO Sandy Chadha (Sandy Chadha) said that the current new distribution agreement is expected to bring in revenue of 25 million to 30 million pounds for the fiscal year ending March 31, 2024. And Supreme has invested additional Earnings before interest, tax, depreciation and amortization (EBITDA, or earnings before interest, tax, depreciation and amortization), around £2 million to support the working capital needed for growth.
“We are delighted to have secured such a sizeable distribution appointment which will allow our business to fully leverage its unique technical, regulatory, compliance and quality assurance capabilities within the vaping sector.” Sandy Chadha said.
In another announcement, Supreme also reported its results for the year ended March 31, 2023.
They get a featuring strong trading and a particularly strong second half. “outstanding performance” in the vape field and earnings-enhancing acquisitions are the main driving factor.
Moreover, Supreme’s vaping division get record results in the last year, nearly doubling revenue to £76.1m.
“I am delighted with the strong performance of the group so far in FY24. And to have had our vaping distribution capabilities recognised by one of the world’s biggest vaping brands is testament to our expertise and our reputation.” Said by Sandy Chadha.
Supreme is also the British distributor of the famous disposable vape brand SKE.
It also has its own vape brand, 88vape and Kik. Supreme can provide various kinds of vaping devices and accessories under 88Vape and Kik brands.
