Samarkand Group plc (SMK)
The following amendments have been made to the 'Napiers the Herbalists acquisition' announcement released on 2 November 2021 at 07:00.
The contingent consideration has been changed to '
All other details remain unchanged. The full amended text is shown below.
2 November 2021
Samarkand Group plc
("Samarkand", the "Company" or together with its subsidiaries the "Group")
Napiers the Herbalists acquisition
Samarkand Group plc, the cross-border eCommerce technology and consumer brand group, is pleased to announce the acquisition of Napiers the Herbalists ("Napiers").
Founded in 1860, by the renowned herbalist Duncan Napier in
Samarkand has had a commercial relationship with Napiers for more than 3 years. The Group intends to expand Napiers products and services in its home market of the
The combined assets of Napiers generated
Total consideration comprises:
David Hampstead, Chief Executive Officer of Samarkand Group, commented: "We've worked with Napiers and their team for a number of years and have always been impressed by the consumer response to the company's story and values. Napiers is a one of a kind truly authentic brand with significant potential. The acquisition signifies a clear execution of the Group's strategy laid out at the time of listing. As we take on the responsibility of looking after Napiers for the next 160 years we are looking forward to bringing it to many more consumers in the
Monica Wilde, Managing Director of Napiers, commented: "I am delighted that Napiers has found a new home in a Group which can see the considerable prospects of this special brand. We are looking forward to working with the Samarkand team on the next chapter in Napiers history."
For more information, please contact:
Notes to Editors
Napiers the Herbalists was founded by Duncan Napier in
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 and Temple Spa. 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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