Samarkand Group plc (SMK)
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
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
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
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
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:
Notes to Editors
Samarkand is a cross-border eCommerce technology and retail group focusing on connecting Western Brands with
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
For further information please visit https://www.samarkand.global/
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