- Ambari (AMB) has secured a placement in El Corte Ingles (ECI), Europe’s largest retailer
- ECI operates over 80 department stores and accumulated €12.6 billion in revenue in 2021
- Leveraging the placement, Ambari will look to establish a presence in Germany, France and Nordic countries
- Ambari Brands is focused on co-packing, developing and manufacturing consumer packaged goods, including CBD products and luxury skincare
- Ambari (AMB) opened unchanged, trading at $0.375 per share
Ambari (AMB) has secured a placement in El Corte Ingles (ECI), Europe’s largest retailer.
ECI operates over 80 department stores and accumulated €12.6 billion in revenue in 2021, achieving a gross operating profit of €804.28 million.
ECI also maintains strong ESG commitments, including the goal of achieving net zero emissions in 2022, which is in line with Ambari’s ongoing path toward 100-per-cent clean manufacturing, a capability it intends to offer to other brands seeking clean energy certification.
Leveraging the placement, Ambari will look to establish a presence in Germany, France and Nordic countries.
“We are very excited to be carried by Europe’s largest retailer. We aim to increase our revenues as quickly as possible to one day be a leader in the consumer goods and clean energy manufacturing sectors,” stated Nisha Grewal, Ambari’s CEO.
Ambari Brands is focused on co-packing, developing and manufacturing consumer packaged goods, including CBD products and luxury skincare.
Ambari (AMB) opened unchanged, trading at $0.375 per share.