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- Wellfully (WFL) execute a distribution agreement for RÉDUIT with Beauty Solutions Trading
- Beauty Solutions is one of the main distributors in the Gulf Cooperation markets and operates in the United Arab Emirates, Saudi Arabia, Oman, Qatar, and Bahrain
- It has established retail operations and has channels spanning premium department stores, select beauty retailers, and luxury spas
- The agreement has a term of three years, with Beauty Solutions to be the exclusive distributor in the region
- Shares are trading flat today at 2.4 cents each at 2:25 pm AEST
Wellfully (WFL) has executed a distribution agreement for RÉDUIT with Beauty Solutions Trading.
Beauty Solutions is one of the main distributors in the Gulf Cooperation Council markets and operates in the United Arab Emirates, Saudi Arabia, Oman, Qatar, and Bahrain.
It has established retail operations and has channels spanning premium department stores, select beauty retailers, and luxury spas.
This includes organisations such as Bloomingdales, Harvey Nichols, Sephora, Emirates Spa, and Four Seasons Spas.
The agreement has a term of three years, with Beauty Solutions to be the exclusive distributor in the region.
Minimum performance requirements have been mapped out for the first year and Wellfully will have the right to terminate the agreement following a default.
Shares were trading flat today at 2.4 cents each at 2:25 pm AEST.
