Summary by Futu AI
Jeffs' Brands announced the signing of a lease agreement for a new warehouse in Newhaven, East Sussex, England, spanning 10,638 square feet. The facility will primarily serve for storage and distribution of Fort Product Ltd's pest control products, with an annual rent of £52,000. This strategic expansion follows the transfer of production to China.The new warehouse is expected to enhance operational efficiency by reducing dependence on external logistics providers and lowering costs. According to CEO Viki Hakmon, this expansion aims to better serve the growing customer base in the UK and Europe while streamlining logistics to meet increasing demand effectively.