Tag: 88vape

Supreme’s Growth Driven by Vapor Product Sales

Credit: 88Vape
The UK-based wholesale vaping product distributor and manufacturer Supreme stated in a press release Thursday that trading in the current financial year remained in line with the company’s market expectations.
The AIM-traded firm, which was holding its annual general meeting, stated that it delivered a strong performance for the year ended March 31, underpinned by organic growth across its leading divisions, as well as acquiring complementary businesses.
Paul McDonald, chairman of Supreme, stated the company had continued to develop an “extensive network” of customers across the retail space, and was “delighted” with the progress made in increasing its retail penetration, alongside the positive impact of recent brand and product launches.
“Trading for the current financial year remains in line with market expectations, with the business well-placed to deliver on our strategic aspirations, supported by the recent acquisitions of vaping business Liberty Flights and the purchase of trade and assets of Cuts Ice and Flavour Core,” McDonald stated.
“Our fast-growing vaping category continues to underpin the group’s growth.”
Alongside the strong performance of Supreme’s 88vape brand, including new customer wins across grocery and convenience retail, McDonald stated that the company is committed to evolving its vaping segment as evidenced with the recent acquisitions of Liberty Flights in June, and Cuts Ice and Flavour Core in August.
McDonald said the two transactions were “highly complementary and immediately earnings enhancing,” and would deliver scale to the group, adding that the company was “well-placed” to help mitigate the impact of inflation on consumers.
“Looking ahead, we continue to explore additional merger and acquisition opportunities to complement the group’s organic growth, and the board remains confident in Supreme’s strategic ambitions, underpinned by the exciting prospects within vaping,” he stated.
September 17, 2022
Supreme’s 88Vape Sales Jump 36 Percent Amid Lockdown
The parent company behind the 88Vape brand, Supreme, announced revenues rose 36 percent as U.K. smokers attempted to quit smoking combustible cigarettes during Covid-19 lockdowns. The company’s total revenue was up 33 per cent at £122.3 million ($166 million) as of March 31, 2021. This is up from £92.3 million in same period of 2020.
Gross profits jumped to £33 million, which helped the company to slash its debt by 64 percent, ending the financial year with a just £7.6 million burden compared with £21.3 million in 2020, according to City A.M. The strongest sales growth was found in vaping and its sports nutrition and wellness branch, the company said in a statement.
Supreme’s partnership with convenience store chain McColl’s to supply shops with vaping products marked the company’s growth in the vaping sphere. The rollout of 88Vape products was completed in March 2021, adding an additional 1,180 retail convenience stores nationwide to Supreme’s portfolio.
“There are clear and very exciting opportunities that exist for our business, particularly in categories like sports nutrition and wellness and vaping, and I look forward to providing further updates in due course as we capitalise on these,” Supreme CEO Sandy Chadha said. “We have made a good start to the current financial year and look to the future with confidence.”
July 20, 2021
U.K. Vapor Maker Supreme Raises GBP68 Million In IPO
In its initial public stock offering, Supreme, a maker of fast-moving consumer goods such as vaping brand 88Vape, announced the pricing for its initial public offering in London, joining a rush to market early in the new year.
Credit: 88Vape

Supreme is listing on AIM and expects to start trading today.
Supreme said it has placed 5.0 million shares at 134 pence each to raise GBP67.5 million. Of this, GBP60.0 million is for selling shareholders, and GBP7.5 million from new shares for the company, which it said will be used to pay off debt, according to Alliance News. The selling shareholders include Sandy Chadha, the founder and chief executive officer, who will retain a 56.8 percent stake, leaving a 43 percent free float.
Supreme will have a GBP156.1 million market capitalisation at its IPO price. Supreme’s IPO is part of a flurry of new listing activity in London early in the 2021. These have been headlined by large-size floats by bootmaker Dr Martens and card seller Moonpig. Also planning IPOs are miner Cornish Metals Inc, investment fund Cordiant Digital Infrastructure Ltd, and life sciences company 4basebio UK Societas.
Not yet confirmed for London, but potentially biggest by far, is food delivery firm Deliveroo, which is expected to have a market cap of more than $7 billion. Deliveroo also is considering a New York listing, according to media reports.
Supreme supplies products across five target categories: batteries, lighting, vaping, sports nutrition & wellness, and branded household consumer goods. In addition to brands it owns, such as 88Vape, Supreme licenses major battery brands Duracell, Energizer and Eveready. Its customers include Fraser Group PLC’s Sports Direct, motor supplies chain Halfords Group PLC, and grocers Asda and Iceland.
Supreme recording adjusted earnings before interest, tax, depreciation and amortisation of GBP16.2 million on revenue of GBP92.3 million in the financial year that ended March 31 last year. In the six months to September 30 last year, Ebitda was GBP8.4 million on revenue of GBP56.3 million.
The company said it plans to pay dividends at a rate of 50 percent of net profit. “I am deeply proud of the business we have developed and believe our flotation on AIM will provide Supreme with the tools with which to capitalise on a number of exciting growth opportunities,” said CEO Chadha. “We have created a profitable business of significant scale, underpinned by a platform which provides a seamless route to market for a number of leading brands and product categories.”
February 1, 2021
E-Liquid Maker Plans to Join London Junior Stock Market
Supreme, the manufacturer of multiple e-liquid brands, is considering a stock market listing that could value it at £180 million. The Manchester-based company that produces the Kik and 88vape brands is seeking to join Aim, London’s junior market, and has started to gauge investor interest.
Credit: 88vape
Supreme attempted a flotation in 2018 but abandoned the listing, blaming market conditions, according to an article on Morningstar. Then, the company announced plans for an AIM float but less than two weeks later postponed its proposed IPO due to “market conditions” and despite “encouraging” institutional support for the listing.
Alongside its e-liquids products, the company, the company also sells sports nutrition products, batteries and lightbulbs. It is owned by Sandy Chadha. It sells directly to retailers and wholesalers but also has its own online platform.
The company did not disclose how much it plans to raise in connection to the float, nor did it outline an estimated market capitalisation on admission.
January 20, 2021