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Jowell Global Ltd. (“JWEL” or the “Company”) (NASDAQ: JWEL), an organization which operates one in every of China’s main cosmetics, well being and dietary dietary supplements and family merchandise e-commerce platforms – Juhao Mall, at the moment introduced that it has signed a strategic cooperation settlement with Shanghai Gesber Group (“Gesber”) on the latter’s perfume private care product brand COCOVEL to collectively search enterprise development in home and worldwide family 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 family product market has grown by 5.83% from $85.68 billion in 2019 to $90.68 billion in 2020, accounting for 13.89% of worldwide family product market, in accordance to knowledge compiled by market analysis firm Forward (Qianzhan) Intelligence Co., Ltd. JWEL can be COCOVEL brand’s gross sales agent and assist distribute COCOVEL merchandise by way of LHH shops, Juhao Best Choice shops and by way of the Company’s on-line gross sales channels. The collaboration will prolong to branding, provide chain and gross sales channel administration, as Gesber and JWEL work collectively to experiment on modern enterprise fashions for market enlargement.Mr. Sun commented: “COCOVEL is a brand with shampoo and physique wash merchandise that inherits the normal perfume strategy of Gesber – France’s metropolis well-known for perfume merchandise – and is a world main perfume private care product brand. It is a high sale brand on-line and offline with nice development potential each in China and abroad.“JWEL is an business chief with each on-line and offline gross sales channels, that are extraordinarily necessary for enterprise success. Our collaboration connects demand with provide. With JWEL’s international gross sales community, we imagine COCOVEL brand will develop each in China and in abroad markets with expanded gross sales channels,” Sun added.Mr. Xu mentioned: “COCOVEL is known for its distinctive perfume, excellent high quality and product efficacy amongst shoppers, which additionally assist differentiate the brand from its rivals. JWEL will make use of its robust provide chain and gross sales community to additional advance COCOVEL brand’s market share. We additionally look ahead to cooperating with Gesber on its different manufacturers and looking for mutual development in family product market.”
