Almost £20m wiped off value of disposable vapes seller as Government considers ban to protect children
manchestereveningnews.co.ukAlmost £20m has been wiped off the value of a Manchester company that is one of the largest distributors of disposable vapes as the Government considers a ban to help protect children.
The price of shares in Supreme plc were slashed yesterday (September 12) after reports emerged of a possible ban in a move that cut its value from £127m to £110m.
The consumer group, which also sells vitamins, is a major distributor of disposable vapes to the likes of Tesco, Morrisons, One Stop and WHSmith. Try MEN Premium for FREE by clicking here for no ads, fun puzzles and brilliant new features. It also manufactures and imports batteries, lighting, wellness and sports nutrition products while it also sells its wares in the likes of B&M, Poundland, Home Bargains and The Range.
Following the sharp fall in its share price, Supreme issued a statement to the London Stock Exchange defending its business.
Read more on manchestereveningnews.co.uk
