Company Update (NYSE:ANFI): Amira Nature Foods Ltd Announces New Distribution Win with Cost Plus World Market Stores
Amira Nature Foods Ltd (NYSE:ANFI), a leading global provider of branded packaged Indian specialty rice, announced today that its Amira branded products will now be available in Cost Plus World Marketstores across the United States.
Cost Plus World Market, a subsidiary of Bed Bath & Beyond Inc, sells a wide variety of goods that are imported from more than 50 countries around the world. Headquartered in Oakland, California, the chain operates more than 250 stores in over 30 states across the U.S. The nationwide retailer will carry two SKUs of Amira branded products in its stores: Amira Natural Brown Basmati Rice and Amira Smoked Basmati Rice.
“We are excited to expand our distribution in the United States with the addition of Cost Plus World Market stores,” said Karan A Chanana, Chairman of Amira Nature Foods Ltd. “We are working to expand the Amira brand across the country, and the addition of Cost Plus with its focus on goods from around the world and international food products is a perfect fit for our Amira branded rice products.” (Original Source)
Shares of Amira Nature Foods closed yesterday at $10.49, down $0.21 or -1.96%. ANFI has a 1-year high of $14.56 and a 1-year low of $2.51. The stock’s 50-day moving average is $11.47 and its 200-day moving average is $8.23.
Amira Nature Foods Ltd is engaged in processing, distributing and marketing packaged Indian specialty rice, Basmati rice. It also sells non-basmati rice and provide ready-to-eat snacks and edible oils.