Samarkand Group plc : Contract Extension (1269167)
17 Janvier 2022 - 8:00AM
UK Regulatory
Samarkand Group plc (SMK) Samarkand Group plc : Contract
Extension 17-Jan-2022 / 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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17 January 2022
Samarkand Group plc
("Samarkand", the "Company" or together with its subsidiaries
the "Group")
Contract Extension
Samarkand Group plc, the cross-border eCommerce technology
solution provider, is pleased to announce it has signed a 3 year
contract extension with TEMPLESPA. One of Samarkand's key brand
partners since 2019, the agreement includes Nomad Distribution
services and an expansion of its Nomad Storefront offering for
Chinese eCommerce platforms, including a Tmall Global flagship
store planned for Q2 2022. Tmall Global is China's leading
cross-border eCommerce platform and home to many of the world's
leading international brands, generating approximately GBP360
billion gross merchandise value (GMV) in 2020.
The Company intends to announce a trading update in the second
week of February, shortly following the Chinese New Year.
David Hampstead, CEO of Samarkand Group commented: "We are very
pleased to be expanding our work with TEMPLESPA, who we've worked
closely with since 2019. The Chinese eCommerce market is
notoriously difficult to penetrate and being awarded this contract
extension reflects our expertise and extensive experience in
helping leading beauty brands grow in China."
Mark Warom CEO of TEMPLESPA commented: "We are thrilled to be
continuing and building on our relationship with Samarkand. We are
serious about our future China cross border ecommerce opportunity
and we are confident that Samarkand is the partner we need in order
to make our brand a real force to be reckoned with in this vast
market. We have a truly wonderful product offer that we're very
proud of and our early success in China proves our brand resonates
with a skincare discerning consumer - we're excited to now
accelerate this and widen our reach globally."
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
Samarkand is a cross-border eCommerce technology and retail
group focusing on connecting international Brands with China, the
world's largest eCommerce market. By connecting international
brands Samarkand is creating more choice for Chinese consumers and
making it possible for Chinese consumers to shop with brands cross
border. 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 and own brand base comprises
leading European skincare, beauty and personal care brands such as
111SKIN, Omorovicza, Philip Kingsley, ICONIC London, Zita West,
Probio7 and Napiers the Herbalists.
Founded in 2016, Samarkand is headquartered in London, UK with
offices in Shanghai and Tokyo employing over 160 staff.
For further information please visit
https://www.samarkand.global/
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ISIN: GB00BLH1QT30
Category Code: MSCM
TIDM: SMK
Sequence No.: 136855
EQS News ID: 1269167
End of Announcement EQS News Service
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(END) Dow Jones Newswires
January 17, 2022 02:00 ET (07:00 GMT)
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