ICU Eyewear Diversifies Its Manufacturing With The Help Of 1847 Holdings - Move Expected To Reduce Costs "Significantly" [Yahoo! Finance]
1847 Holdings LLC (EFSH)
NASDAQ:AMEX Investor Relations:
1847holdings.com/investor-faq
Company Research
Source: Yahoo! Finance
to be true when it comes to ICU Eyewear Holdings Inc. , a subsidiary of private equity holding firm 1847 Holdings LLC (AMEX:EFSH). The online purveyor of sunglasses, readers and anti-blue light glasses recently announced it has geographically diversified its manufacturing operations beyond mainland China to now include both the Philippines and a manufacturing partner in the U.S. That's a big deal for ICU Eyewear . It not only gives it more manufacturing might, but the company reports it was able to negotiate favorable pricing with its existing and new manufacturing partners and eliminate certain tariffs, which it said should "significantly" reduce its cost of goods. "ICU remains dedicated to enhancing the reliability and efficiency of its supply chain. Notably, we expect to benefit from a 25% savings on accessories, which represents 20% of ICU revenue, and a 10% savings on eyewear, which represents 80% of revenue," said Christine Roach President & CFO of ICU Eyewear, in a statement.
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News
- 1847 Provides Update on the Sale of 1847 Cabinets Inc. [Yahoo! Finance]Yahoo! Finance
- 1847 Provides Update on the Sale of 1847 Cabinets Inc. Accesswire
- 1847 Holdings Signs Letter of Intent to Buy Leader in Millwork, Cabinetry and Door Manufacturing, Expands Its Presence in Growing Market Accesswire
- 1847 Executes Letter of Intent to Sell 1847 Cabinets Inc. for $27.6 Million [Yahoo! Finance]Yahoo! Finance
- 1847 Executes Letter of Intent to Sell 1847 Cabinets Inc. for $27.6 MillionAccesswire
EFSH
Sec Filings
- 4/29/24 - Form DEF
- 4/29/24 - Form DEFA14A
- 4/25/24 - Form 10-K
- EFSH's page on the SEC website