GUADALAJARA, Mexico, May 28, 2024
/PRNewswire/ -- Betterware de México, S.A.P.I. de C.V.
(Nasdaq: BWMX) ("BeFra" or the "Company") the leading
direct-to-consumer company in Mexico through Betterware and Jafra, announced
today that the Company will transfer the listing and trading of its
common stock to the New York Stock Exchange ("NYSE") from the
Nasdaq Stock Market LLC ("Nasdaq"). The Company expects to commence
trading as a NYSE-listed company on June 7,
2024 upon market open. The Company's common stock will
continue trading under its current ticker symbol "BWMX" after the
transfer.
Luis Campos, Chairman of the
Board, commented, "We're pleased to announce the transfer of our
company's stock listing to the NYSE, one of the world's most
prestigious trading platforms, and look forward to the benefit of
the stability embodied by the NYSE's well-established hybrid
trading model's success in mitigating trading volatility."
Andres Campos, BeFra's CEO,
commented, "This strategic move reflects our confidence in the
NYSE's market infrastructure and global visibility. We look forward
to leveraging all the advantages of the NYSE platform, which
combines world-class technology with human oversight and
accountability, to expand our reach and create long-term value for
all of our stockholders."
"We're thrilled to welcome Betterware de Mexico to the New York Stock Exchange," said
John Tuttle, Vice Chair, NYSE Group.
"As an NYSE-listed company, the company joins a global community of
2,400 icons and disruptors leveraging the visibility and
industry-leading market quality our exchange uniquely
provides."
About Betterware
Founded in 1995, Betterware de Mexico is the leading direct-to-consumer
company in Mexico focused on
offering innovative products that solve specific needs related to
household organization, practicality, space-saving, and hygiene.
Through the acquisition of JAFRA on April 7,
2022, the Company now offers a leading brand of
direct-to-consumer in the Beauty market in Mexico and the
United States where it offers Fragrances, Color &
Cosmetics, Skin Care, and Toiletries. The combined company
possesses an asset-light business model with low capital
expenditure requirements and a track record of strong
profitability, double digit rates of revenue growth and free cash
flow generation. Today, the Company distributes its products in
Mexico and in the United States of America.
Cautionary Statement Regarding Forward-Looking
Statements
Matters discussed in this press release may constitute
forward-looking statements. Forward- looking statements include
statements concerning plans, objectives, goals, strategies, future
events or performance, and underlying assumptions and other
statements, which are other than statements of historical facts.
The words "believe," "anticipate," "intends," "estimate,"
"potential," "may," "should," "expect" "pending" and similar
expressions identify forward- looking statements. The
forward-looking statements in this press release are based upon
various assumptions. Although we believe that these assumptions
were reasonable when made, because these assumptions are inherently
subject to significant uncertainties and contingencies which are
difficult or impossible to predict and are beyond our control, we
cannot assure you that we will achieve or accomplish these
expectations.
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SOURCE Betterware de México, S.A.P.I. de C.V.