London, United Kingdom 6 Dec. 2022 – Rapid Nutrition PLC (Euronext Growth: ALRPD), a pure wellness firm targeted on natural wholefood-based vitamin and science-based natural merchandise with rising worldwide distribution, introduced that it has entered right into a non-binding letter of intent with FFS Beauty Limited (FFS), one in all Europe’s main female-focused shaving and wonder subscription companies. The acquisition is anticipated to shut later this 12 months, topic to required phrases and approvals.
Founded in 2015 and based mostly within the United Kingdom, FFS has greater than 90,000 energetic subscribers and offers eco-friendly, vegan and cruelty-free physique care and wonder merchandise with one hundred pc recyclable supplies to its loyal buyer base. FFS boasts a three-year CAGR in income (FY2021 £5.1m) of practically 25 % with common gross margins of 39 % and is now effectively positioned for worldwide growth. The international shaving market reached a worth of £27.6bn in 2022 with the EU razor market valued at £4.93bn and the UK razor market £535.2m (supply: Statista and Mintel)
Liz Needham, CEO of FFS stated:
“We purpose to turn out to be Europe’s dominant feminine shaving and wonder model, delivering premium, but sustainable merchandise and regimes on subscription mannequin. The mixed portfolio will be the vacation spot for folks to entry an ever-increasing portfolio of holistic magnificence and wellness merchandise”
Simon St. Ledger, Group CEO of Rapid Nutrition PLC stated:
“FFS is a perfect match for Rapid Nutrition’s international progress diversification technique as we proceed to hone our worldwide give attention to natural well being and wellness merchandise and improvements,” stated Rapid Nutrition CEO Simon St. Ledger. “The self-care market exploded through the pandemic and goes stronger than ever, making these acquisitions a pure a part of our company progress focus and initiative.”
Earlier this 12 months, Rapid Nutrition acquired the influencer model, The Plant-Based Bundle as a part of its company progress technique. In addition, the corporate additionally signed new distribution agreements in Asia and the Middle East in addition to introduced its new manufacturing partnership to produce the teams distinctive Azurene natural components. Final testing is at the moment being carried out earlier than eventual launch now anticipated for early subsequent 12 months.
About Rapid Nutrition
Dedicated to the event and distribution of premium, science-based well being and wellness manufacturers throughout the globe, Rapid Nutrition shares a wealth of award-winning merchandise with customers who’re obsessed with improvements which are “made by nature, refined by science.” Rapid Nutrition’s first-class scientific staff matches the expertise of its administration staff to hold each the corporate and customers on high of the newest business developments and developments, whereas aligning with business leaders worldwide to ship efficient dietary supplements and options. Rapid Nutrition goals to be the provider of alternative globally by providing premium manufacturers with the highest-quality elements to ship most outcomes.
For extra info, please go to http://rnplc.com
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This press launch accommodates forward-looking statements made pursuant to the secure harbor provisions of the Private Securities Litigation Reform Act of 1995 and or in any other case that contain dangers, uncertainties and assumptions that would trigger Rapid Nutrition PLCs precise outcomes and expertise to differ materially from anticipated outcomes and expectations expressed in these forward-looking statements. Rapid Nutrition PLC has in some instances recognized forward-looking statements by utilizing phrases corresponding to “anticipates,” “believes,” “hopes,” “estimates,” “appears,” “expects,” “plans,” “intends,” “aim,” “potential,” “could,” “counsel,” and related expressions. Rapid Nutrition PLC undertakes no obligation to launch publicly the outcomes of any revisions to any such forward-looking statements that could be made to replicate occasions or circumstances after the date of this press launch or to replicate the prevalence of unanticipated occasions, besides as required by relevant regulation or regulation.
This media info doesn’t represent a proposal to promote, or a solicitation of a proposal to purchase, any securities. This info doesn’t represent an providing prospectus throughout the that means throughout the that means of Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 of June 2017 on the prospectus to be printed when securities are supplied to the general public or admitted to buying and selling on a regulated market, and repealing Directive 2003/71 or a list prospectus throughout the that means of the itemizing guidelines of the Euronext Exchange or OTC Markets. The media launch is in accordance with International Reporting Standard: Rule 12g3-2(b) below the Securities Exchange Act (‘Rule 12g3-2(b)’) permits non-U.S. corporations with securities listed totally on a Qualified Foreign Exchange to make publicly out there to U.S buyers in English the identical info that’s made publicly out there of their residence international locations in its place to SEC reporting Exchange Act Rule 12g3-2(b).
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