MADARA Cosmetics AS Opens a Brand Store in the Akropole Shopping Mall
Inside information, 2019-04-04 14:03 CEST --
Today in Riga, the fourth MADARA brand store is opened in the Akropole shopping mall. The investment in the brand store equals EUR 40 thousand.
The MADARA brand store in Akropole will complement the three existing brand stores in Spice, Galerija Centrs and Alfa shopping malls. In 2018, revenue of the three existing brand stores amounted in EUR 735 thousand, which is a 14.5% year-over-year growth. MADARA brand stores are an essential element of the sales strategy and brand recognition in Latvia, where clients can benefit from the full MADARA brand experience. Based on the past experience, a positive synergy between MADARA brand stores, e-commerce and other sales channels exists.
In April, a pleasant surprise awaits the shareholders who are registered for the Shareholders' Benefits programme and are shopping in the MADARA brand store in Akropole.
The shares of Madara Cosmetics are admitted to trading on Nasdaq Baltic First North Market.
The Certified Adviser for AS Madara Cosmetics is AS LHV Pank.
MADARA Cosmetics, founded in 2006, is the local pioneer in the field of natural cosmetics. In 2016 and 2017 the company and its managers were ranked among the top-10 Most Admired Business Leaders in Latvia. MADARA develops and manufactures all products exclusively at its own laboratories and facilities to ensure 100% control over processes. Further evidence of its passion for quality and perfection in every detail are the company’s ECOCERT organic certification, GMP (ISO 22716:2007) standard, and in vitro and in vivo research. For more information, visit madaracosmetics.lv/investors/.
Address: 131 Zeltiņu Street, Mārupe district, Mārupe, LV 2167, Latvia
Contact person: Uldis Iltners, member of the Management Board
Phone: +371 67 470 243
AS “LHV Pank”
Contact person: Ivars Bergmanis
Phone: +372 680 2720