We are delighted to have advised Supreme plc as they list on AIM.
Supreme plc (“Supreme”) is a leading manufacturer, licensee, brand owner and distributor of fast-moving consumer goods (fmcg). The business is run from its Manchester headquarters, which is also its distribution centre.
The company has developed its own vaping brand, 88Vape, and has a portfolio of sports nutrition and wellness brands including Battle Snacks as well as servicing the lighting and battery markets with distribution and licensing arrangements for brands including Duracell, Panasonic, Energizer and JCB.
The IPO further raised the company's profile and provides a platform for growth for Supreme to continue to diversify its product offering and build in its chosen market segments.
The IPO also provides Supreme's CEO (and 100% shareholder), who took over the company in 2003 having been involved with the business since his father established it in 1975, with the opportunity to realise a portion of his shareholding and diversify some of his wealth.
Starting a process during 2020 and launching an IPO on AIM at the start of 2021 is a clear demonstration of the team’s agility and ability to provide a market leading service remotely, and to offer independent regulatory advice and transaction support in a changing environment.
We recognised that Supreme is a fast-growing business which has identified growth segments and new markets in which to innovate, and we have assisted in setting up a supportive environment for this entrepreneurial business on the public market.
We are delighted to have achieved this significant milestone in the company’s journey in becoming an AIM quoted company. We appointed Grant Thornton because of their strong credentials in the AIM Market and their ability to provide sound independent advice. We value our relationship with them who provide both regional and national service line touchpoints for Supreme. We look forward to continuing our excellent relationship with them as the company enters its next phase of growth.Sandy Chadha CEO, Supreme plc