- YPB's specialist Retail Anti-Theft experience to benefit BWS.
- Consultancy revenue is expected to be circa A$200k in 2017.
BWS is one of Australia's leading retailers of Beers, Wines and Spirits. The BWS Group operates 1200 stores throughout Australia and is a division of Woolworths' (ASX:WOW) Endeavour Drinks Group.
YPB will survey each BWS site and make recommendations on existing and future security needs. These surveys will be completed by the end of 2017 with an approximate value to YPB of A$200,000.
It is estimated Australian retailers lose A$2.7 billion per annum to retail theft. The NSW Bureau of Crime and Statistics Research recently reported that retail theft in NSW had risen 6.3% over the past year with liquor stores and supermarkets key targets. Most crime categories had decreased over the period. YPB sells a range of solutions to PROTECT against Retail Theft which are gaining strong sales momentum, especially with Australian retailers.
YPB Executive Chairman John Houston said: "This new agreement with BWS highlights YPB's standing in the Australian Retail Community. We are excited to provide such specialist technical expertise to BWS and look forward to identifying new areas of opportunity and growth for BWS and YPB."
About YPB Group Ltd
YPB Group Ltd (ASX:YPB) is a pioneer in advanced brand protection solutions. Listed on the Australian Securities Exchange, YPB is expanding its global footprint with an established presence in Australia, China, Thailand, USA, Mexico, India and Pakistan.
YPB's patented Anti-Counterfeit technology combined with its Security Packaging and Anti-Theft solutions, Consulting Services and YPB's proprietary CONNECT platform enables clients to PROTECT their high value brands from the risks of counterfeit, product diversion and theft while providing the tools to CONNECT directly with their customers.
YPB Group Ltd