Jowell Global Ltd. Signs Strategic Cooperation Agreement for COCOVEL brand with Shanghai Gesber Group to Jointly Seek Househ...
June 08 2021 - 7:30AM
Jowell Global Ltd. (“JWEL” or the “Company”) (NASDAQ: JWEL),
a company which operates one of China’s leading cosmetics, health
and nutritional supplements and household products e-commerce
platforms - Juhao Mall, today announced that it has signed a
strategic cooperation agreement with Shanghai Gesber Group
(“Gesber”) on the latter’s fragrance personal care product brand
COCOVEL to jointly seek business growth in domestic and
international household product markets. A signing ceremony was
held on June 5, 2021 with Xuyou Sun, President of Gesber and Zhiwei
Xu, CEO and Chairman of the Company attending the ceremony.
China’s household product market has grown by 5.83% from $85.68
billion in 2019 to $90.68 billion in 2020, accounting for 13.89% of
global household product market, according to data compiled by
market research company Forward (Qianzhan) Intelligence Co., Ltd.
JWEL will be COCOVEL brand’s sales agent and help distribute
COCOVEL products via LHH stores, Juhao Best Choice stores and via
the Company’s online sales channels. The collaboration will extend
to branding, supply chain and sales channel management, as Gesber
and JWEL work together to experiment on innovative business models
for market expansion.
Mr. Sun commented: “COCOVEL is a brand with shampoo and body
wash products that inherits the traditional fragrance technique of
Gesber – France’s city famous for fragrance products – and is a
world leading fragrance personal care product brand. It is a top
sale brand online and offline with great growth potential both
in China and overseas.
“JWEL is an industry leader with both online and offline sales
channels, which are extremely important for business success. Our
collaboration connects demand with supply. With JWEL’s global sales
network, we believe COCOVEL brand will grow both in China and in
overseas markets with expanded sales channels,” Sun added.
Mr. Xu said: “COCOVEL is famous for its unique fragrance,
outstanding quality and product efficacy among consumers, which
also help differentiate the brand from its competitors. JWEL will
make use of its strong supply chain and sales network to further
advance COCOVEL brand’s market share. We also look forward to
cooperating with Gesber on its other brands and seeking mutual
growth in household product market.”
About Shanghai Gesber GroupShanghai Gesber
Group is mainly engaged in the research and development, sales and
services of household products in China. It owns a series household
product brands including COCOVEL, BARBER, men’s personal care brand
“Jin Shi”, medical skincare brand “Chuanben Medical Skincare” and
more. COCOVEL is a top sale fragrance personal care product brand
with unique smell flavoring on e-commerce platforms in China. For
more information about COCOVEL, please visit
http://www.cocovel.com/. For more information about Gesber, please
visit http://www.cestbon.com.cn/language/index-en.html.
About Jowell Global Ltd.Jowell Global Ltd. (the
“Company”) operates one of China's leading e-commerce platforms for
cosmetics, health and nutritional supplements and household
products - Juhao Mall. The Company provides its own brand products
to customers and sells and distributes other companies' health and
nutritional supplements, cosmetics and certain household products
on the Juhao Mall platform. In addition, Juhao Mall allows third
parties to open their own stores on its platform. The Company has
also been selling its products through authorized retail stores all
across China, which operate under the brand names of “Love Home
Store” or “LHH Store” and “Juhao Best Choice Store”. For more
information, please visit https://www.1juhao.com/.
Forward-Looking StatementThis press release
contains forward-looking statements as defined by the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements include statements concerning plans, objectives, goals,
strategies, future events or performance, and underlying
assumptions and other statements that are other than statements of
historical facts. When the Company uses words such as “may, “will,
“intend,” “should,” “believe,” “expect,” “anticipate,” “project,”
“estimate” or similar expressions that do not relate solely to
historical matters, it is making forward-looking statements.
Forward-looking statements are not guarantees of future performance
and involve risks and uncertainties that may cause the actual
results to differ materially from the Company’s expectations
discussed in the forward-looking statements. These statements are
subject to uncertainties and risks including, but not limited to,
the following: the Company’s goals and strategies; the
Company’s future business development; financial condition and
results of operations; product and service demand and acceptance;
reputation and brand; the impact of competition and pricing;
changes in technology; government regulations; fluctuations in
general economic and business conditions in China and assumptions
underlying or related to any of the foregoing and other risks
contained in reports filed by the Company with the SEC. For
these reasons, among others, investors are cautioned not to place
undue reliance upon any forward-looking statements in this press
release. Additional factors are discussed in the Company’s filings
with the SEC, which are available for review at www.sec.gov. The
Company undertakes no obligation to publicly revise these
forward‐looking statements to reflect events or circumstances that
arise after the date hereof.
For more information, please contact:Investor
Relations:Janice WangEverGreen Consulting Inc.Email:
IR@changqingconsulting.comPhone: +1 571-464-9470 (from U.S.)+86
13811768559 (from China)
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