Jeffs’ Brands Allocates up to $1 Million for the Launch of its Brands in Sweden and Belgium

Rhea-AI Summary

Jeffs' Brands Ltd (JFBR) announced the launch of its stores in Sweden and Belgium, expanding its presence in Europe. Following regulatory approvals, the company aims to enhance its global reach and plans to allocate up to $1 million for these launches. Jeffs' Brands has already received authorization to sell its products in the US, UK, Germany, France, Spain, and Italy. CEO Viki Hakmon expressed optimism about achieving organic growth through product expansion in new territories.

Positive

• Launch of stores in Sweden and Belgium enhances market presence.
• Investment of up to $1 million supports new market entry.

Negative

• Dependence on future performance and market conditions poses risks.
• Inherent uncertainties in adapting to Amazon's policy changes.

Tel Aviv, Israel, Sept. 12, 2022 (GLOBE NEWSWIRE) -- Jeffs' Brands Ltd (the “Company”, Nasdaq: JFBR), a data-driven e-commerce company operating on the Amazon Marketplace, announced today the launch of its stores and brands in Sweden and Belgium, after completing the required regulatory processes.

To date, the Company has received Amazon's approval for sale of its brands in the United States, the United Kingdom, Germany, France, Spain and Italy.

Viki Hakmon, Chief Executive Officer of the Company, commented "We are excited to launch our brands in additional European countries and extend our global reach. One of the ways we plan to achieve organic growth is by expanding our products offerings in new territories, in order to support these efforts, we have allocated up to $1 million for the launch of our stores in Belgium and Sweden."

About Jeffs’ Brands Ltd

Jeffs' Brands is transforming the world of e-commerce by creating and acquiring products and turning them into market leaders, tapping into vast, unrealized growth potential. Through our stellar team’s insight into the FBA Amazon business model, we’re using both human capability and advanced technology to take products to the next level. For more information on Jeffs’ Brands Ltd visit https://jeffsbrands.com

Forward-Looking Statement Disclaimer

This press release contains “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, as amended, that are intended to be covered by the “safe harbor” created by those sections. Forward-looking statements, which are based on certain assumptions and describe our future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as “believe,” “expect,” “may,” “should,” “could,” “seek,” “intend,” “plan,” “goal,” “estimate,” “anticipate” or other comparable terms. For example, we are using forward-looking statements when we are discussing the launch of the Company’s brands in Sweden and Belgium, the extension of our global reach and our plan to achieve organic growth. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: our ability to adapt to significant future alterations in Amazon’s policies; our ability to sell our existing products and grow our brands and product offerings, including by acquiring new brands; our ability to meet our expectations regarding the revenue growth and the demand for e-commerce; the overall global economic environment; the impact of competition and new e-commerce technologies; general market, political and economic conditions in the countries in which we operate; projected capital expenditures and liquidity; the impact of possible changes in Amazon’s policies and terms of use; and the other risks and uncertainties described in the Registration Statement on Form F-1, as amended, filed with the SEC related to our initial public offering and our other filings with the SEC. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

Investor Relations Contact:
Michal Efraty
Adi and Michal PR- IR
Investor Relations, Israel
+972-(0)52-3044404
michal@efraty.com

FAQ

What recent expansion did Jeffs' Brands Ltd announce?

Jeffs' Brands Ltd announced the launch of its stores in Sweden and Belgium.

How much is Jeffs' Brands Ltd investing in the European expansion?

The company is allocating up to $1 million for the launch of its stores in Belgium and Sweden.

In which countries has Jeffs' Brands Ltd received approval to sell its products?

Jeffs' Brands has received approval to sell in the US, UK, Germany, France, Spain, Italy, Sweden, and Belgium.

What is the stock symbol for Jeffs' Brands Ltd?

The stock symbol for Jeffs' Brands Ltd is JFBR.