Chill Brands Shares Jump on Deal With Vaping Company RELX
By Aimee Look
Chill Brands shares rose after the company said it will be the main distributor in the U.K. for global vaping company RELX International, as both companies look to capture a larger market share in the country.
Shares were up 0.5 pence, or 24%, at 2.60 pence in opening European trading. They have risen 19% over the year to date.
The British vape maker didn't disclose any financial details, but said the deal was expected to result in a material revenue increase for the year ending September 2026. The company recently changed its year-end, and generated revenue for the year ended March 31 of 305,700 pounds ($412,848).
Chill added that the partnership with RELX is the Chill Connect distribution division's largest to date.
Chill will supply its first stock of RELX products this month, using working capital from its existing inventory financing facility.
"This distribution agreement between Chill Brands and RELX International marks a significant milestone in our growth journey," Chief Executive Callum Sommerton said.
Write to Aimee Look at aimee.look@wsj.com
(END) Dow Jones Newswires
September 01, 2025 03:59 ET (07:59 GMT)
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