- Ultimate Products said it had renewed a trademark licence agreement with Spectrum Brands, giving it exclusive licence to use the 'Russell Hobbs' trademark in the UK and the EU until March 2023.

Russell Hobbs is a British heritage kitchenware brand for which Ultimate Products has had the licence for Russell Hobbs' cookware lines since 2011.

In FY 2019, the group generated unaudited revenues of £9.4m under the 'Russell Hobbs' trademark, representing 7.6% of the group's total revenue for that period.

Russell Hobbs is one of only two licence agreements that Ultimate Products has in place, the other being with Salter. The Russell Hobbs agreement does not include electrical appliances, and the Salter arrangement is for electrical and cookware products (and excludes Salter scales).

At 8:56am: [LON:UPGS] UP Global Sourcing Holdings Plc share price was 0p at 76p

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