19 Oct 2010

Charlies scores Coles deal in Australia

10:23 pm on 19 October 2010

Juice maker Charlies will start selling its products in all 750 stores of Australian supermarket giant Coles next month.

Shares in the New Zealand listed company leapt 45% to close at 16 cents on Tuesday.

Charlies chief executive Stefan Lepionka says the deal will significantly increase the group's Australian revenues.

Shares in the listed drinks maker were placed on a trading halt before the announcement.