Georgia Healthcare Group PLC GHG signs a franchise agreement with The Body Shop (7267O)
04 Octubre 2019 - 1:00AM
UK Regulatory
TIDMGHG
RNS Number : 7267O
Georgia Healthcare Group PLC
04 October 2019
London, 4 October 2019
GHG pharmacy and distribution business signs a franchise
agreement
with international cosmetics brand The Body Shop
Georgia Healthcare Group PLC ("GHG" or the "Group") announces
that its pharmacy and distribution business has signed a franchise
agreement (the "Agreement") with The Body Shop International
Limited ("The Body Shop"). The Body Shop, is a leading British
cosmetics, skin care and perfume company, having a range of 1,000
products which it sells in about 3000 owned and franchised stores
internationally in more than 70 countries.
According to the Agreement, GHG pharmacy and distribution
business has obtained the right to operate The Body Shop in Georgia
for an initial term of 10 years. GHG will benefit from the
knowledge, skills and experience of The Body Shop, conforming to
its high standards and uniform specifications.
In the first year of operations GHG will develop up to three
standalone flagship The Body Shop stores in the capital and large
cities, and will also operate a shop in shop model, developing The
Body Shop stands in its high-end retail pharmacy chain - GPC. We
are planning to operate the shop in shop model in c.50 GPC
pharmacies, gradually increasing the number to c.100 over the next
few years. The Body Shop's worldwide well-established brand will
further strengthen the GPC brand and increase its awareness.
"Today I am very pleased to announce a new milestone for our
pharmacy and distribution business. Entering the beauty retail
market is further progress of the Group towards its recently
declared strategy to develop new growth opportunities and shape new
markets. Adding The Body Shop brand to our portfolio will upgrade
our range of personal care products and further contribute to our
business growth. Partnering with this internationally recognised
brand, capitalising on its knowledge and experience, will increase
our pharmacy and distribution business brand awareness and the
number of its loyal customers. I want to thank the members of both
teams, who have worked very hard on this project, which we believe
will be extremely successful for the Group." - commented Nikoloz
Gamkrelidze, CEO of Georgia Healthcare Group.
"We are excited to bring The Body Shop brand to Georgia with
GHG, a strong local player with extensive market expertise. For
over 43 years, The Body Shop has believed that business has the
power to make the right kind of difference in the world, and we are
happy to enable the Georgian people to be part of this great
heritage and collective. With our new franchisee GHG leading the
way, we are confident that our brand philosophy will resonate well
with future customers in Georgia" commented Qasar Qayuum, Executive
MD for EMEA The Body Shop.
About The Body Shop
Founded in 1976 in Brighton, England, by Dame Anita Roddick, The
Body Shop is a global beauty brand. The Body Shop seeks to make a
positive difference in the world by offering high-quality,
naturally inspired skincare, body care, hair care and make-up
produced ethically and sustainably. Having pioneered the philosophy
that business can be a force for good, this ethos is still the
brand's driving force. The Body Shop spans about 3,000 retail
locations in more than 70 countries. Along with Aesop and Natura,
The Body Shop is part of Natura &Co, a global, multi-channel
and multi-brand cosmetics group that is committed to generating
positive economic, social and environmental impact.
Name of authorised official of issuer responsible for making
notification:
Ketevan Kalandarishvili, Head of Investor Relations
About Georgia Healthcare Group PLC
Georgia Healthcare Group PLC is a UK incorporated holding
company of the largest healthcare services provider in the
fast-growing, predominantly privately-owned, Georgian healthcare
services market. GHG's leadership position is underpinned by
offering the most comprehensive range of inpatient and outpatient
services targeting the mass market segment through its vertically
integrated network of 18 hospitals and 34 clinics. GHG is the
single largest market participant, accounting for 24% of total
hospital bed capacity in the country, as of 30 June 2019. GHG is
also the largest pharmaceuticals retailer and wholesaler in
Georgia, with approximately 30% market share by revenue. GHG is the
second largest provider of medical insurance in Georgia with a 31%
market share based on net insurance premiums earned and
approximately c.230,000 insurance customers. GHG employed a total
of c.16,200 people as at 30 June 2019, including c.3,600 physicians
and 3,000 pharmacists.
For further information, please visit ghg.com.ge or contact:
Nikoloz Gamkrelidze Irakli Gogia Ketevan Kalandarishvili
CEO CFO Head of Investor
Relations
+995 322 550505
+995 322 550505 (5077) +995 322 550505 (5088) (5079)
ngamkrelidze@ghg.com.ge irakligogia@ghg.com.ge ir@ghg.com.ge
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solicitation of an offer to buy any securities
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END
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