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LAF
LOLAF
LAF - Lonrho Plc - Lonrho`s Oceanfresh Partners with Costco in the USA to supply
`Kirkland Signature` branded Hake Loins to Costco Stores worldwide
LONRHO PLC
(Incorporated and registered in England and Wales)
(Registration number 2805337)
(Share code: LAF; ISIN number: GB0002568813)
("Lonrho" or "the Company")
LONRHO`S OCEANFRESH PARTNERS WITH COSTCO IN THE USA TO SUPPLY `KIRKLAND
SIGNATURE` BRANDED HAKE LOINS TO COSTCO STORES WORLDWIDE
Lonrho is pleased to announce that its Oceanfresh Seafood Division has entered
in to a partnership with Costco Wholesale to supply Costco Wholesale`s premium
`Kirkland Signature` brand for its sustainably sourced wild caught Hake Loins.
The first shipments are en route to the United States and the product will soon
become available through Costco Wholesale stores in the United States, with
planned roll-outs to Canada and Mexico in 2012 and other Costco territories at a
later stage. Lonrho has been supplying Hake fillets to Costco under its
Oceanfresh brand and has seen growing customer demand for the product.
Costco is one of the world`s largest retailers with FY11 revenues of US$88.9
billion with 600 warehouses in eight countries.
Lonrho`s Executive Chairman, David Lenigas, commented:
"Lonrho`s Oceanfresh seafood division has been supplying Hake fillets to Costco
and is honoured to have now entered into a partnership with Costco Wholesale to
supply Hake Loins for Costco`s prestigious `Kirkland Signature` brand. This
contract reflects the increasing customer demand for a high quality, wild caught
and sustainably sourced product and will be fulfilled through the supply chain
infrastructure which we already have in place."
Lonrho is listed on the main market of the London Stock Exchange (LONR), the
AltX market on the Johannesburg Stock Exchange (LAF) and the OTCQX market in the
U.S. (LOHOY).
Enquiries:
Lonrho Plc (London) +44 (0) 20 7016 5105
David Lenigas
Geoffrey White
David Armstrong
Panmure Gordon (London) +44 (0) 20 7459 3600
Tim Linacre
Dominic Morley
Adam Pollock
Hannah Woodley
Merriman Capital, Inc. (San +1 (0) 415 262 1342
Francisco - USA)
Spencer Grimes
FTI Consulting (London) +44 (0) 20 7831 3113
Edward Westropp
Georgina Bonham
11 April 2012
Sponsor
Java Capital
Date: 11/04/2012 08:00:02 Produced by the JSE SENS Department.
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