Warpaint London renews contract with advisory firm to receive support for strategic growth plan

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Warpaint London PLC (LON:W7L) said it has renewed its contract with Ward & Hagon Management Consulting to continue receiving support in implementing its strategic growth plan. 

The provider of practical business solutions was appointed a year ago and during this period, the makeup supplier accessed new retail channels, such as Tesco (LON:TSCO).

Paul Hagon, an executive director of Warpaint, is a member of Ward & Hagon.

The contract has a total annual value of £210,000, which will be paid with the group’s cash flows.

Ward & Hagon will be paid a commission of 3% on all sales generated from their introductions in the 12-month period from the point of first sale, and 4% on all sales generated from their introductions in the 12-month period thereafter. 

The board said it believes these services represent value to shareholders through assisting the company to achieve its near-term objectives, such as expanding its retail channels in the UK and overseas.

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