Samarkand Group PLC (AQSE:SMK) announced a three-year extension to its contract with skincare company TEMPLESPA, one of its key brand partners.
Under the deal, the e-commerce technology company said it will provide its Nomad Distribution services software and an expansion of its Nomad Storefront offering for Chinese e-commerce platforms, including a Tmall Global flagship store planned for the second quarter this year.
Tmall Global is China's leading cross-border e-commerce platform and home to many of the world's leading international brands, generating approximately £360bn gross merchandise value in 2020, Samarkand said.
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"We are very pleased to be expanding our work with TEMPLESPA, who we've worked closely with since 2019,” said Samarkand chief executive David Hampstead in a statement. “The Chinese e-commerce 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, added: "We are serious about our future China cross border e-commerce 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."