hmmm....giving up 18-20m in sales with no 'payment'. Did they just loose the distribution agreement (or it expired) because that seems pretty significant.
They did flag headwinds for multi-story residential market, but by taking out this product (not insignificant share of sales), it also adds additional costs to the remaining range they have on offer (Omega). I think Blanco are mainly sinks, taps, while Omega are ovens, stovetops etc so this looks like they have a gap in their offering.......interesting that the announcement lacks clarity around any of this
this seems like a pretty big negative.......any other views on this?
Ann: Transfer of BLANCO distribution in Australia & NZ, page-2
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