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Wellness and Beauty Solutions (ASX:WNB) - CEO, Christine Parkes - The Market Herald
CEO, Christine Parkes
Source: Professional Beauty
  • Wellness and Beauty Solutions' (WNB) subsidiary, The Giving Brands Company (GBCo), has signed a distribution agreement with French cosmetic brand NATURECOS.COS
  • This agreement will see GBCo distribute France's number one organic and natural makeup brand, Couleur Caramel, to Australia and New Zealand
  • All Couleur Caramel products are eco-certified, eco-friendly, and are not tested on animals
  • Its range includes foundation, blush, and lip and eye products, which have been used at events such as the Cannes Film Festival and Paris Fashion Week
  • Under the three year agreement, WNB's subsidiary will have to meet increasing sales targets of $400,000 in year one, $500,000 in year two, and $600,000 in year three
  • WNB has ended the day in the grey with shares trading at 0.5 cents since November 20

Wellness and Beauty Solutions' (WNB) subsidiary, The Giving Brands Company (GBCo), has signed a distribution agreement with NATURECOS.COS.

NATURECOS.COS is a cosmetic products manufacturer in France and since 2002 it has been designing and developing high-quality organic cosmetic products.

This agreement will see GBCo distribute France's number one organic and natural makeup brand, Couleur Caramel, to Australia and New Zealand.

All Couleur Caramel products are eco-certified, eco-friendly, and are not tested on animals.

Its range includes foundation, blush, lip and eye products, as well as a range of accessories and brushes.

"Couleur Caramel has become the benchmark of organic professional makeup at prestigious events illustrating its current rise and standing amongst the professional market," WNB Managing Director Christine Parkes commented.

"Over the last five years, Couleur Caramel has established itself as a reference brand in professional makeup for major events including the Cannes Film Festival and Paris Fashion Week," she said.

"We are so excited to offer this beautiful brand to the Australian professional makeup industry," she added.

Under the three year agreement, increasing minimum sales targets of $400,000, $500,000 and $600,000 must be met.

Additionally, either party can terminate the agreement in the event of breach of contract with 60 days notice.

WNB has ended the day in the grey with shares trading at 0.5 cents since November 20.


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