DS Healthcare Group Expands its Distribution Channels in $43 Billion Brazilian Beauty Market Products on the shelves of two retail pharmacy chains with 85 locations Pompano Beach, Fla., August 5, 2013 – DS Healthcare Group, Inc. (NASDAQ:DSKX), a leading developer of personal care products, today announced it has expanded the distribution of its product lines into Brazil’s CSB Drogaria which operates two retail pharmacy chains, Drogasmil and Farmalife, which together have 85 retail store locations. The stores are primarily located in the Rio de Janeiro metropolitan area. CSB Drogaria is owned by Profarma, a leader in the distribution to pharmacies, distributing 18 million units per month, through 31,000 sales outlets, covering 93% of the consumer market for pharmaceutical products in Brazil. DS Healthcare Group is expected to experience rapid sales increases in Brazil, as its established distribution there grows. “Our 10 best-selling SKUs which are approved for commercialization and distribution are currently being sold in the Brazilian market. This includes our leading hair loss products. We plan on receiving further regulatory approvals as sales begin to accelerate. We are working with a fantastic partner there and are excited about this new relationship. Based on the success of this pilot program, we expect to continue to expand throughout Profarma’s network, one of the biggest distributors in Brazil. We believe our products have a considerable advantage to anything currently being sold in Brazil,” stated DS Healthcare President and CEO Daniel Khesin. According to Euromonitor, a market research firm, the Brazilian beauty industry generated $43 billion in sales in 2011, an increase of 19% over the prior year.
Posted on: Thu, 08 Aug 2013 18:11:24 +0000
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