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Bambuser Enters Pilot Agreement with Iconic British Luxury Fashion Label for Live Video Shopping Throughout Q4 2020

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Bambuser AB announced a pilot agreement to provide Live Video Shopping services for a prominent British luxury fashion label. The partnership allows the brand to utilize the service at a cost of 35,000 GBP (approximately 0.4 MSEK) for a duration of three months starting from October 2020. This initiative marks a significant step for Bambuser in expanding its footprint in the luxury retail sector, leveraging interactive live video streaming to enhance customer engagement.

Positive
  • Signed a pilot agreement with a prestigious British luxury fashion label, enhancing brand visibility.
  • The agreement highlights Bambuser's growth in the luxury retail sector, potentially increasing customer base.
Negative
  • None.

STOCKHOLM, Oct. 20, 2020 /PRNewswire/ -- Bambuser AB has signed a pilot agreement to power Live Video Shopping for an iconic British luxury fashion label. The agreement gives the customer the right to use Live Video Shopping at a fixed cost of 35,000 GBP (approx 0.4 MSEK) during the 3-month period beginning October 2020. 

This is information that Bambuser AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was sent for publication, through the agency of the contact persons set out above, on October 20, 2020.

Contact information

Maryam Ghahremani, CEO | +46 8 400 160 02 | ir@bambuser.com or visit bambuser.com/ir  

Certified Adviser

Erik Penser Bank AB | +46 8 463 83 00 | certifiedadviser@penser.se

Bambuser is a software company specializing in interactive live video streaming. The Company's primary product, Live Video Shopping, is a cloud-based software solution that is used by customers such as global e-commerce and retail businesses to host live shopping experiences on websites, mobile apps and social media. Bambuser was founded in 2007 and has its headquarters in Stockholm.

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Cision View original content:http://www.prnewswire.com/news-releases/bambuser-enters-pilot-agreement-with-iconic-british-luxury-fashion-label-for-live-video-shopping-throughout-q4-2020-301155590.html

SOURCE Bambuser

FAQ

What is the value of the pilot agreement signed by Bambuser AB?

The pilot agreement is valued at 35,000 GBP (approximately 0.4 MSEK).

When does the Bambuser agreement for Live Video Shopping begin?

The agreement begins in October 2020 and lasts for three months.

Which company has Bambuser AB partnered with for Live Video Shopping?

Bambuser AB has partnered with an iconic British luxury fashion label.

What service is Bambuser AB providing under the new pilot agreement?

Bambuser AB is providing Live Video Shopping services.

How does this pilot agreement impact Bambuser's business?

The agreement may enhance Bambuser's presence in the luxury retail market.

BAMBUSER AB

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