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The latest update is out from Merino & Co Limited ( (AU:MNC) ).
Merino & Co. has secured a new order valued at approximately A$203,000 from its Shanghai-based omni-channel distribution partner, reinforcing its strategy to expand in the Chinese luxury market. This development is part of the company’s broader China sales and distribution strategy, which includes partnerships and agreements that enhance its presence in China’s multi-format consumer market, thereby strengthening its revenue base and brand recognition.
More about Merino & Co Limited
Merino & Co. is a vertically integrated company specializing in the design, manufacture, marketing, and sale of wool products. It operates both online and offline in Australia and exports to international markets such as China, Japan, and North America. The company is committed to promoting sustainable, renewable, and biodegradable products made from natural materials like wool, alpaca wool, and possum fur.
Average Trading Volume: 18,120
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$9.22M
See more insights into MNC stock on TipRanks’ Stock Analysis page.