Samarkand Group plc : Nomad Checkout Client Win in South Korea (1237673)
04 Octobre 2021 - 8:00AM
UK Regulatory
Samarkand Group plc (SMK) Samarkand Group plc : Nomad Checkout
Client Win in South Korea 04-Oct-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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4th October 2021
Samarkand Group plc
("Samarkand", the "Company" or together with its subsidiaries
the "Group")
Nomad Checkout Client Win in South Korea
Samarkand Group plc, the cross-border eCommerce technology
solution provider, is pleased to announce it has signed an
agreement for the use of its Nomad Checkout cross-border technology
product with Amorepacific in South Korea. Amorepacific, listed on
the Korea Stock Exchange, is one of the world's largest cosmetics
companies with a current market capitalisation of over GBP7bn. It
operates over 30 beauty and personal care brands popular amongst
consumers in China and last year had annual revenues of greater
than GBP2.7bn, of which circa 20% was to its Chinese consumer base.
Nomad Checkout will be deployed to a new direct-to-consumer
eCommerce site developed by Amorepacific to serve that Chinese
base.
Nomad Checkout easily integrates with existing eCommerce
software such as Shopify and provides merchants and consumers a
superior experience including improved site performance, Chinese
payment methods, express logistics options and integrated customs
clearance. Together these result in:
-- Faster shipping;
-- Reduced customs stoppage rates;
-- More convenience for consumers; and
-- Lower customer service overhead for merchants
The Amorepacific site will use SF Express as the delivery
provider and be powered by the Nomad Checkout SaaS solution which
can be deployed by merchants of any size onto their existing
eCommerce infrastructure.
David Hampstead, CEO of Samarkand Group commented: "Amorepacific
is a global cosmetic giant and their decision to deploy our
technology to power direct-to-consumer sales into China is a
reflection of our status within the world's largest eCommerce
market. This contract win endorses our decision to target the huge
potential of the Northeast Asian market with the opening of our
Tokyo office earlier this year and we are confident of adding
further enterprise clients in the region"
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
Amorepacific Corporation (KRX: 090430) is a South Korean beauty
conglomerate, operating over 30 beauty and health brands. Founded
in 1945, it is the world's 12th largest cosmetics company with a
market capitalisation of over 11 trillion KRW (GBP7.1bn). Its
brands are popular amongst Chinese consumers and include Sulwhasoo,
Laneige, Mamonde, Etude and Innisfree.
Samarkand is a cross-border eCommerce technology and retail
group focusing on connecting International 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 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 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: MSCL
TIDM: SMK
Sequence No.: 123446
EQS News ID: 1237673
End of Announcement EQS News Service
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(END) Dow Jones Newswires
October 04, 2021 02:00 ET (06:00 GMT)
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