Jowell Global Partners With Italian Cosmetics Firm So.Di.Co To Fasten China Sales

  • Jowell Global Ltd JWEL has entered into a strategic partnership with Italy-based So.Di.Co Group to promote the sales of natural personal care products. The financial terms were not disclosed.
  • So.Di.Co is an Italian cosmetics, beauty, and wellness producer, having its products through over 1,000 retailers in Europe, the Middle East, and Africa (EMEA) markets.
  • In addition, the parties will co-develop Original Equipment Manufacturers (OEM) and Original Design Manufacturers (ODM) suppliers in China for So.Di.Co Group's new product development and enhanced production capacity mainly for China market.
  • Zhiwei Xu, CEO and chairman of Jowell Global, commented, "As a business partner, Jowell Global will leverage its expertise with China's top tier OEM and ODM to assist So.Di.Co Group with its new product development and production capacity."
  • Under the arrangement, Jowell Global will strengthen So.Di.Co's sales and distribution channels to meet the growing demand from Chinese consumers in the search for safe and environmental-responsible products.
  • Price Action: JWEL shares are trading lower by 3.77% at $2.04 on the last check Monday.
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