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-0.0137457044673538 -0.0137457044673538 -0.0314187530682375 -0.0182085955281831 -0.116347569955817 -0.277011648145669 -0.268130494934619 -0.330566340875619
Stock impact report

1847 Holdings' ICU Eyewear Subsidiary Diversifies Manufacturing to Reduce Production Costs and Fortify Supply Chain [Yahoo! Finance]

1847 Holdings LLC (EFSH) 
NASDAQ:AMEX Investor Relations: 1847holdings.com/investor-faq
Company Research Source: Yahoo! Finance
the attractive attributes of owning private, lower-middle market businesses with the liquidity and transparency of a publicly traded company, today announced that its subsidiary, ICU Eyewear Holdings Inc. ("ICU"), has significantly enhanced its operations by geographically diversifying its manufacturing, beyond mainland China, to now include both the Philippines and a manufacturing partner in the U.S. As a result of the favorable pricing ICU has negotiated with its partners, and elimination of certain tariffs, ICU expects to significantly reduce its cost of goods. ICU's new manufacturing partner in the Philippines has commenced production, with the first shipments now being delivered to the U.S. Furthermore, ICU's new manufacturing partner in the U.S. will focus on specific product lines and is expected to commence production in the 4 th quarter of 2024. Christine Roach President & CFO of ICU Eyewear, Inc. stated, "ICU remains dedicated to enhancing the reliability and efficiency Show less Read more
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