Catalano Seafood Limited (ASX: CSF) has provided update related to its national expansion. The expansion comprises of supply agreements with three independent Victorian retail groups. These include Reddrop Group, Lorenz Group’s IGA stores and Ryan’s IGA Supermarkets group. Each group operates multiple supermarkets under several brands.
The agreement with Reddrop Group initially involves a single store in Mansfield, north-east of Melbourne. However, the Company has the opportunity to secure supply contracts with the Group’s 22 stores throughout the State under the FoodWorks, Go To Grocer and IGA brands.
Further, Catalano Seafood signed another contract for its Seafood Management System with independent retailer, SUPA IGA Waterford.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.