No recommendation
No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.
(Sharecast News) - SpaceandPeople announced the renewal of the agreement between its German subsidiary POP Retail and GB Service, trading as ECE, on Wednesday.
The AIM-traded firm said the contract was for the provision of retail kiosks in ECE-managed shopping centres in Germany.
It said the renewed agreement extended for an additional five years until April 2029, offering enhanced flexibility and opportunities for both SpaceandPeople and ECE to efficiently expand and operate the retail kiosk business.
"I would like to congratulate everyone who has been involved in the development of our German business," said chief executive officer Nancy Cullen.
"We are, of course, absolutely delighted to be renewing our contract with ECE.
"The duration of the contract, combined with the additional flexibility granted, will enable us to provide a great service to ECE across their portfolio and to develop pop up retail further in this prestigious portfolio."
At 1046 BST, shares in SpaceandPeople were down 5.31% at 75.75p.
Reporting by Josh White for Sharecast.com.
The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.