Italy's Labomar signs e-commerce deal for Chinese market with Sesa
07/09/2021 09:15
Sept 7 (Reuters) - Italy's Labomar LBM.MI said on Tuesday
it had signed a partnership deal with digital services group
Sesa SES.MI for the development of an e-commerce platforms on
the Chinese market for its food supplements, cosmetics and
well-being products.
Labomar shares rose as much as 5% after the announcement and
were up 3.6% by 0759 GMT, outperforming a flat Milan all-share
index .FTITLMS .
The partnership "will allow us to test our ability to
penetrate the Far Eastern markets, which report very strong
growth in personal care products," Labomar's Founder and
Director Walter Bertin said in a statement.
The start of operations and first sales are expected in the
first half of 2022.
(Reporting by Federica Urso, editing by Agnieszka Flak)
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