Golden Scent achieves an annual GMV of 300mln Saudi Riyals

Fragrance and Perfumes Market is projected to develop at a CAGR of 8.6% throughout the forecast interval, from 2022 to 2027With over 2 million consumers within the final 7 years, and tens of millions of guests month-to-month, and seven million downloads since its launch; Golden Scent has powered its option to a management place in Saudi Arabia and the GCC’s e-commerce procuring house and it’s now poised for breakaway progress for the approaching 3 years.Golden Scent’s ongoing success has been strengthened by its extremely participating prospects. The model’s on-line interplay and engagement is on an ongoing enhance because of its excessive stage of belief and loyalty amongst its prospects, in addition to its harbouring over 20,000 of the world’s greatest library of Arabic, area of interest perfumes and over 1000 manufacturers. Over 100 of these are Saudi born, Arabic fragrances. The firm consistently goals to keep up its place as the popular procuring vacation spot for all magnificence and perfume lovers.“The Middle East is one of the areas that has a wealthy historical past and fervour for high-quality fragrances. In addition, the GCC dominates customers with excessive revenue which performs a significant position in boosting the demand for top finish and distinctive fragrances and perfumes. With this demand, the Gold Scent App has been ranked as one of the highest 10 procuring apps in Saudi Arabia. With our steady assist to Saudi entrepreneurs working on this area through the years, specializing in creating pure fragrances which can be sustainable, secure and have therapeutic properties, we now have managed to stay on the highway of success at present since our inception in 2014“ says Malik Shehab CEO and Co-founder of Golden Scent.Saudi Arabia portrays a understandable supremacy within the GCC Fragrance and Perfume Market price 2 billion {dollars}. Golden Scent’s on-line platform tends to be the popular portal that provides a spread of merchandise, together with Golden Scent’s vary of customised perfumes and conventional all-natural scents. Furthermore, the nation has an enormous tourism plan that offers and with works with a big quantity of expats and a rising e-commerce business that has enabled manufacturers to increase its attain to a extra various vary of customers.“A scent has an influence of persuasion stronger than that of phrases and appearances. It is the flexibility to precise one’s individuality. Saudi Arabia markets and people satisfaction themselves of their impeccable sense of luxurious procuring and their on-line spectrum and data amongst its residents in phrases of expertise. Our foremost initiative was to take the thought of a scent as a definitive approach of self-expression and lengthening it to people who’re curious about accessing a wide array of fragrances on-line. Today, we thrive to be one of the main entities to empower the Saudi youth and make our Saudi working girls the main focus of our progress.” says Darine Al Sabbagh Managing Director at Golden Scent.“Our enterprise success stems from discovering an answer to the procuring and self-expression wants of Saudis. Our progress and reaching an annual GMV of 300 million Saudi Riyals exhibits that we now have created belief, engagement and delivering an glorious buyer expertise all through the years. Clients admire the simple navigation of the app and net store which incorporates premium packaging during which the merchandise are shipped, realizing that Golden Scent solely affords authentic merchandise of acknowledged worldwide premium and unique manufacturers various between Niche, Arabic & oriental, and from smaller Saudi entrepreneurs” concludes Ronny Froehlich, Co-Founder and Chief Consumer Brands Officer-Ends-About Golden ScentGolden Scent pioneered perfume & magnificence e-commerce within the MENA area when it launched in 2014. Today, GoldenScent.com has the biggest perfume library worldwide masking greater than 20,000 merchandise from perfumes to house fragrances, aromatherapy, magnificence merchandise and far more. Apart from housing over 1000+ International, Niche and Regional manufacturers, GoldenScent has additionally efficiently launched and scaled revolutionary/unique digital-first DTC magnificence and well-being manufacturers like Candy Addict, House of Sarib and others.  Headquartered within the Kingdom of Saudi Arabia and with hubs throughout the area, Golden Scent delivers to throughout the GCC area and to over 80 international locations worldwide. 

https://www.zawya.com/en/press-release/companies-news/golden-scent-achieves-an-annual-gmv-of-300mln-saudi-riyals-nuzi2vq3

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