Grand Capital Ventures Inc.'s Yuka E-Commerce Unveils Plans to Significantly Expand Beauty Portfolio

Rhea-AI Summary

Grand Capital Ventures (OTC PINK:GRCVD) announced that its subsidiary, Yuka E-Commerce, has secured exclusive distribution rights for the Sea of Spa product line in the USA, England, Australia, and Switzerland. This strategic partnership is anticipated to enhance YUKA's online and TV placements, contributing to an expected revenue increase. The beauty segment represents approximately 35% of YUKA's overall revenue, yielding over $3M in sales with ambitions to reach $4.5M in 2021. The global skin care market is estimated at $145.3B, indicating significant growth potential for the company.

Positive

• Exclusive distribution rights for Sea of Spa in key markets.
• Expected revenue growth from beauty category aims to reach $4.5M in 2021.
• Strong existing sales from beauty products with over $3M in 2020.

Negative

• None.

MIAMI, FL / ACCESSWIRE / March 4, 2021 / Grand Capital Ventures, Inc.'s (OTC PINK:GRCVD) ("the Company") wholly-owned subsidiary Yuka E-Commerce ("YUKA") continues to gain momentum having recently finalized exclusive distribution rights in the USA, England, Australia, and Switzerland for a large Israeli based skin care manufacturer "Sea of Spa Labs LTD". Owner of the brand; Sea of Spa. With more than 240 products in their assortment, Sea of Spa's addition to YUKA's portfolio is expected to positively impact the company's ability to successfully secure placement both online and for TV.

Amid the Covid-19 crisis, the global market for Cosmetic Skin Care for the year 2020 was estimated at $145.3B with the US Market estimated at $39.2B according to a 197 page Global Market Trajectory & Analytics report published by Research and Markets. For GRCV's YUKA, the Beauty category equated to approx. 35% of overall revenue translating into over $3M in sales and more than 225,000 individual products shipped in 2020.

"Thanks to the close relationships we have cultivated over the years, our buyers are always excited about new brands we on-board and "Sea of Spa" is no exception." noted Meir Avitan, President of Grand Capital Ventures Inc. "We look forward to many years of solid growth with this brand and our many other Beauty brands. Cosmetics is a very strong category for us; our portfolio is comprised of more than 80 terrific Beauty Brands and we will continue to source and add many more this year. YUKA intends on growing its beauty portfolio to account for 40% of its overall offered assortment and is aiming to hit $4.5M+ in 2021 from sales generated in the category". He added.

About Yuka E-Commerce
Yuka is an e-commerce company dedicated to providing strategic sales channels for brands looking to enter or expand in the global e-commerce market. YUKA provides a full spectrum of brand building and sales-and-marketing services to expand a client's brand reach. Services offered include not only comprehensive sales and marketing services, but also operational sales and fulfillment logistics, and product and brand photography. For more information, visit our website at www.yukaecom.com

About Grand Capital Ventures, Inc.
Grand Capital Ventures is a company with a historic focus in the nurturing of companies demonstrating a positive upside while striving to bring new technologies and unique products to their respective markets.

For more information, visit our website at www.GR-CV.com

Safe Harbor Statement:
This release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Certain statements set forth in this press release constitute "forward-looking statements." Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words "estimate," "project," "intend," "forecast," "anticipate," "plan," "planning," "expect," "believe," "will likely," "should," "could," "would," "may," or words or expressions of similar meaning. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the company's actual results and financial position to differ materially from those included within the forward-looking statements. Forward-looking statements involve risks and uncertainties, including those relating to the Company's ability to grow its business. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance. The potential risks and uncertainties include, among others, the Company's limited operating history, the limited financial resources, domestic or global economic conditions -- activities of competitors and the presence of new or additional competition and conditions of equity markets.

YouTube: https://www.youtube.com/watch?v=Ciy0_sGrfAc

CONTACT:
Grand Capital Ventures, Inc.
1815 NE 144^th St.
North Miami, FL 33181
Office: 786-657-2446 | Contact@yukaecom.com

SOURCE: Grand Capital Ventures, Inc.

View source version on accesswire.com:
https://www.accesswire.com/633400/Grand-Capital-Ventures-Incs-Yuka-E-Commerce-Unveils-Plans-to-Significantly-Expand-Beauty-Portfolio

FAQ

What recent development has GRCVD announced concerning Yuka E-Commerce?

GRCVD announced Yuka E-Commerce has secured exclusive distribution rights for Sea of Spa products in several countries.

How much revenue does the beauty category represent for Yuka E-Commerce?

The beauty category accounts for approximately 35% of Yuka E-Commerce's overall revenue.

What is the projected revenue for Yuka E-Commerce in the beauty category for 2021?

Yuka E-Commerce aims to exceed $4.5 million in revenue from the beauty category in 2021.

What is the size of the global cosmetic skin care market?

The global cosmetic skin care market was estimated at $145.3 billion in 2020.