DEER PARK, NY / ACCESSWIRE / August 28, 2018 / FragranceNet.com, Inc. (OTC PINK: FGNT) (“FragranceNet.com” or the “Company”) today appear that it had entered into a absolute agreement, anachronous Aug. 27, 2018, with B&S Group S.A. (“B&S Group” or “Group”), pursuant to which an associate of B&S Group agreed to access a majority pale in FragranceNet.com (the “Transaction”).
The acceding to access FragranceNet.com, an online abatement aroma banker accustomed in the US in 1997 and primarily affianced in the auction of cast name perfumes and adorableness products, will accompany to B&S Group a able focus on marketing, procurement, acumen and a ample supplier abject via automatic procurement. FragranceNet.com’s proprietary technology will accredit B&S Group to strengthen the Group’s sourcing network, affairs ability and array in its Health & Adorableness category. The accretion will acquiesce B&S Group to accomplish a abundant cast in North America and to cycle out FragranceNet.com’s business archetypal to added bounded areas.
Jason Apfel, President of FragranceNet.com, commented: “FragranceNet.com has become a baton in the industry in the United States. Alive with a absolute adapted supplier abject provides us the befalling to action a advanced array to our continuously growing chump base. B&S Group will accommodate the befalling of accretion our business archetypal by utilizing the calibration and adult administration anatomy of the Group.”
Bert Meulman, CEO of B&S Group, noted: “The accretion of FragranceNet.com will be a cogent footfall for the Group and underlines our action of amount alternation integration, added growing in our categories and accretion to new geographies. FragranceNet.com has a able acceptability as an online abatement aroma banker which, accumulated with its chump abject with a aerial assimilation rate, will decidedly enhance our cast in North America and advance our business activity forward. By abacus their ability and acquaintance in online B2C retail to our administration model, we added aggrandize our role in the amount chain.”
“I am absolute admiring to be affable FragranceNet.com’s 250 advisers and their able administration to the Group. As FragranceNet.com has been a abiding business accomplice of ours, we are absolute accustomed with both its business archetypal and its management. This, calm with our acquaintance in gradually embedding an acquired business into our organization, makes me assured that calm we will abide to bear the accomplished amount to our audience and all added stakeholders.”
Lazard Middle Market acted as banking adviser to FragranceNet.com. The Transaction is accepted to abutting in the fourth division of 2018, accountable to the achievement of the closing altitude set alternating in the agreement, including US authoritative approval and added accepted closing conditions.
B&S GroupInvestor Contact
Anke Bongers, Manager Investor RelationsT: 31 (0)78 653 4128E: [email protected] our accumulated website: www.bs-group-sa.com
[email protected] us at www.fragrancenet.com
FragranceNet.com is an online abatement aroma retailer, accustomed in the US in 1997 and primarily affianced in the auction of cast name perfumes and adorableness products. The Company brings a able focus on marketing, accretion and acumen and curtains into an impressively ample supplier abject via its automatic accretion platform. This way of alive allows the Company to bear amount to consumers by analogous appeal for abatement fragrances and adorableness articles with calmly acquired supply.
About B&S Group
B&S Group is a all-around administration accomplice for customer appurtenances in adorable channels and beyond specialized markets, such as Retail B2B (business-to-business), Maritime, Remote and Retail B2C (business-to-consumer). With a acquiescent and accomplished workforce of about 1,460 employees, the Group serves as a trusted and reliable accomplice to suppliers and customers, accouterment capital administration casework and analytic their accumulation alternation complexities. B&S Group operates a flexible, able-bodied invested and awful able administration belvedere that comes with able barriers to entry. Powered by aerial accommodation warehouses and delivered with ability in community and compliance, the Group offers over 40,000 customer appurtenances to its barter in added than 100 countries.
Cautionary Statement Regarding Forward-Looking Statements
This columnist absolution contains assertive “forward-looking statements.” Words such as “believe(s),””goal(s),””target(s),””estimate(s),””anticipate(s),””forecast(s),””project(s),””plan(s),””intend(s),””expect(s),””might,””may,””could” and variations of such words and added words and expressions of agnate acceptation are advised to analyze such advanced statements. Advanced statements are based on accepted expectations, intentions, behavior or forecasts of approaching contest or contrarily for the future, and can be articular by the actuality that they chronicle to approaching actions, achievement or after-effects rather than apropos carefully to absolute or accepted facts. However, absolute after-effects may alter materially from expectations due to the risks, uncertainties and added factors that affect FragranceNet.com’s business. These factors include, amid others:
· Failure to amuse altitude to the closing of the Transaction;· Risks apropos to the amount of the shares of the Company’s accepted stock;· Legal affairs that may be instituted adjoin the Company afterward advertisement of the proposed Transaction;· The adverse aftereffect on the business of the Company of ambiguity surrounding the Transaction; and· Added risks to the cleanup of the Transaction and the accident that the Transaction will not be consummated aural the accepted time aeon or at all.
The Company believes that the assumptions on which its advanced statements are based are reasonable. However, the Company cannot assure you that the absolute after-effects or developments it anticipates will be accomplished or, if realized, that they will accept the accepted furnishings on its business or operations. Advanced statements allege alone as of the date of this columnist release. Except as appropriate by applicative law or regulation, the Company undertakes no obligation to amend or alter any advanced statements independent in this columnist release, whether as a aftereffect of new information, approaching contest or otherwise.
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