Jeffs’ Brands: Fort Received Regulatory Approvals in Spain and The Netherlands to Commence Sales

Rhea-AI Summary

Jeffs' Brands Ltd (Nasdaq: JFBR, JFBRW) receives final approvals from tax authorities in Spain and The Netherlands to commence sales of its leading pest control solutions brand, Fort. The company continues to expand its presence in Europe, building on its success in the United Kingdom and France. With a data-driven approach and commitment to innovation, Jeffs' Brands aims to capture increasing demands in emerging markets and turn its products into market leaders.

Final approvals received by tax authorities, allowing the brand to start marketing its products

Tel Aviv, Israel, Dec. 01, 2023 (GLOBE NEWSWIRE) -- Jeffs' Brands Ltd (“Jeffs’ Brands” or the “Company”) (Nasdaq: JFBR, JFBRW), a data-driven e-commerce company operating on the Amazon Marketplace, today announced progress on its further expansion of its leading pest control solutions brand, the Fort Brand (“Fort”). Fort received the final approvals from regulatory tax authorities in Spain and The Netherlands, necessary to commence sales in the two territories. Sales in Spain and The Netherlands are expected to launch in the upcoming weeks.

The Company recently launched sales of Fort’s products in France, building on its success in the United Kingdom. Jeffs' Brands remains vigilant in discovering increasing demands in emerging markets for its high-quality pest control products while also introducing fresh product offerings.

Jeffs' Brands has a long history of success in the e-commerce sector, with a track record of turning products into market leaders. The Company's data-driven approach and commitment to innovation continues to drive its growth and expansion into new markets.

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 discussing the expansion and commencement of sales of the Fort brand in Spain and The Netherlands and our commitment to innovation and discovery of emerging markets.  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 Company’s Annual Report on Form 20-F for the year ended December 31, 2022, filed with the U.S. Securities and Exchange Commission (“SEC”), on April 10, 2023 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 are the ticker symbols for Jeffs' Brands Ltd?

The ticker symbols for Jeffs' Brands Ltd are JFBR and JFBRW.

Where is Jeffs' Brands Ltd headquartered?

Jeffs' Brands Ltd is headquartered in Tel Aviv, Israel.

What is the name of the leading pest control solutions brand under Jeffs' Brands Ltd?

The leading pest control solutions brand under Jeffs' Brands Ltd is Fort.

In which territories did Fort receive final approvals to commence sales?

Fort received final approvals from regulatory tax authorities in Spain and The Netherlands.

What is Jeffs' Brands' approach to expansion and growth in new markets?

Jeffs' Brands adopts a data-driven approach and is committed to innovation to drive its growth and expansion into new markets.

What is Jeffs' Brands' track record in the e-commerce sector?

Jeffs' Brands has a long history of success in the e-commerce sector, with a track record of turning products into market leaders.