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
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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