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Merino & Co Limited ( (AU:MNC) ) has issued an update.
Merino & Co. has received an additional purchase order worth about A$382,100 from its Shanghai-based omni-channel distributor, reinforcing the company’s push into the Chinese market for premium wool garments and accessories. The repeat order, placed under the existing China distribution agreement, deepens Merino & Co.’s access to major shopping malls, broadcast channels and leading e-commerce and social platforms, supporting the ongoing rollout of its product range across China and contributing to a growing revenue base that underpins its wider international growth strategy.
More about Merino & Co Limited
Merino & Co. is a vertically integrated wool products company involved in the design, manufacture, marketing and sale of merino wool garments and accessories. It sells through its own online store and offline channels such as duty free shops, airports, boutiques and tourism locations in Australia, and also via wholesalers and agents. The company exports to international markets including China, Japan and North America, targeting colder climates where demand for high-quality wool products is stronger, and promotes sustainable, renewable fibres such as wool, alpaca wool and possum fur.
Average Trading Volume: 6,305
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$10.7M
Learn more about MNC stock on TipRanks’ Stock Analysis page.