Samarkand Group plc (SMK) Samarkand Group plc : Contract
Extension with 111SKIN 05-Aug-2021 / 07:00 GMT/BST Dissemination of
a Regulatory Announcement, transmitted by EQS Group. The issuer is
solely responsible for the content of this announcement.
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05 August 2021
Samarkand Group plc
("Samarkand" or the "Company" or together with its subsidiaries
the "Group")
Contract Extension with 111SKIN
Samarkand Group plc, the cross-border eCommerce specialist, is
pleased to announce that it has signed an extension to its existing
distribution agreement with luxury skincare brand 111SKIN. The
contract, which has been extended until the end of July 2023, is
for Samarkand's Nomad Distribution services and an expansion of its
Nomad Storefront offering for Chinese eCommerce platforms.
Building on the successful three-year partnership, Samarkand
will launch a Tmall Global flagship store in China for 111SKIN
which will come into effect immediately and will launch later this
month. Tmall Global is China's leading cross-border eCommerce
platform generating approximately £360 billion gross merchandise
value (GMV) in 2020 and is the home to many of the world's leading
international brands.
This extension of the relationship with 111SKIN is a testament
to the Group's continued execution of its growth strategy. The
contract demonstrates a growing desire for Western brands to
increase their presence in China and underpins Samarkand's strong
position in a market only set to expand further.
David Hampstead, Chief Executive Officer of Samarkand Group,
commented:
"We are delighted to be continuing our work with 111SKIN, who
we've worked closely and grown with since 2018. Being awarded this
contract extension reflects our extensive experience and expertise
in helping brands penetrate the notoriously difficult Chinese
eCommerce market.
We have continued to deliver exceptional quality of service and
this agreement is indicative of the close relationships we hold
with all of our clients, as well as the value add we bring.
111SKIN products are warmly received in China and we look
forward to continuing to partner with and deliver for them whilst
improving their presence in the world's largest eCommerce
market."
Eva Alexandridis, Chief Executive Officer of 111SKIN,
commented:
"We are thrilled to extend our successful partnership with
Samarkand Group plc, and look forward to driving the growth of
111SKIN in China together.
Our collaboration with Samarkand Group plc has already
successfully extended the reach of 111SKIN's pioneering products,
thanks to their privileged position in the Chinese e-commerce
market.
We are proud of the journey travelled together so far and are
very excited for the next chapter opening up."
For more information, please contact:
Samarkand Group plc Via Alma PR
David Hampstead, Chief Executive Officer
http://samarkand.global/
Eva Hang, Chief Financial Officer
VSA Capital - AQSE Corporate Adviser and Broker +44(0)20 3005
5000
Andrew Raca, James Deathe, Pascal Wiese (Corporate Finance)
IPO@vsacapital.com
Andrew Monk (Corporate Broking)
Alma PR +44(0)20 3405 0213
Josh Royston
Robyn Fisher samarkand@almapr.co.uk
Joe Pederzolli
Notes to Editors
Samarkand is a cross-border eCommerce technology and retail
group focusing on connecting Western Brands with China, the world's
largest eCommerce market. The Group has developed a proprietary
software platform, the Nomad platform, which is integrated across
all necessary touch-points required for eCommerce in China
including eCommerce platforms, payments, logistics, social media
and customs. The Nomad platform is the foundation on which the
Group's Nomad technology and service solutions are built. The core
products include Nomad Checkout, Nomad Storefront, Nomad Commerce
and Nomad Distribution.
The Company's current customer base comprises leading European
brands such as 111SKIN, Shay & Blue, Omorovicza, ICONIC London,
Philip Kingsley, Temple Spa and Planet Organic. Samarkand has also
successfully grown its own brand, Probio7, acquired in December
2017 and announced, in May 2021, the acquisition of Zita West
Products and Babawest.
Founded in 2016, Samarkand is headquartered in London, UK with
offices in Shanghai and Tokyo employing over 140 staff.
For further information please visit
https://www.samarkand.global/
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ISIN: GB00BLH1QT30 Category Code: MSCM TIDM: SMK Sequence No.:
119218 EQS News ID: 1224190 End of Announcement EQS News Service
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(END) Dow Jones Newswires
August 05, 2021 02:00 ET (06:00 GMT)
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