Kenneth Cole Launches Kenneth Cole Connectâ„¢ Fashion Smart Watch

NEW YORK, March 27, 2015 /PRNewswire/ — Kenneth Cole and Geneva Watch Group announce the launch of the new Kenneth Cole Connect™ Smart Watch Collection as wearable technology takes over the accessory market. The simple and stylish smart watches hit stores in April.

Experience the interactive Multimedia News Release here: http://www.multivu.com/players/English/7461651-kenneth-cole-connect/

Photo – http://photos.prnewswire.com/prnh/20150326/194767

“As a designer, I always try to give customers what they want but in a way that they don’t necessarily expect it,” states designer Kenneth Cole. “Wearable technology is one of the fastest growing fashion categories today and I am excited to be on the forefront of embracing this platform.”

Kenneth Cole Connect™’s assortment of men’s and women’s smart watches was introduced in March at Baselworld, the international watch and jewelry trade show. Highlights included a photo booth where visitors showed off their favorite Kenneth Cole Connect™ watch and shared photos in real time over social media. The activation gained 13,127 impressions in three days.

Kenneth Cole is leading the watch pack as one of the first fashion brands to enter the smart watch market, starting at $135. Featuring Bluetooth smart technology, Kenneth Cole Connect™ comes in 12 styles containing app-enabled functionality that lets users stay discreetly connected via alerts for incoming calls, texts and calendar events.

Buyers can control music on their smartphone remotely as well as take selfies longer than their arm. With the “selfie” trend growing rapidly, Kenneth Cole Connect™ allows wearers to control their smartphone’s camera and take pictures straight from their wrists.

Other features include a stopwatch, low battery phone alert, 3 ATM water resistance and “Don’t Leave Me Alerts” that inform wearers when they are losing Bluetooth connection, so they will never lose their phone again. Further differentiating itself from other smart watches, Kenneth Cole Connect™ operates on a normal watch battery, so no charger is necessary.

About Kenneth Cole Productions, Inc.

Kenneth Cole Productions, Inc. designs, sources, and markets handbags, apparel, and accessories under the names Kenneth Cole Collection, Kenneth Cole New York, Kenneth Cole Reaction, and Unlisted, as well as footwear under Gentle Souls. The Company has also granted third-party licenses for the production of men’s, women’s, and children’s apparel among fragrances, watches, jewelry, eyewear, and other accessory categories. The Company’s products are distributed through department stores, specialty stores, company-owned retail stores, and its e-commerce website. Further information can be found at KennethCole.com.

About Geneva Watch Group

Founded in 1974, Geneva Watch Group is a global leader in the design, manufacturing, and distribution of digital and analog watches and clocks. The company creates timepieces under license for fashion and lifestyle brands such as Kenneth Cole New York, Kenneth Cole Reaction, Sperry Top-Sider, Tommy Bahama, Ted Baker London, and Zoo York as well as producing its own proprietary brands including Freestyle, Game Time and Breil. Additionally, Geneva Watch Group designs and manufactures watches and clocks under private label for most of the world’s largest retailers. For more information, please visit GenevaWatchGroup.com

Baselworld 2015 Strengthens its Leadership Position

BASEL, Switzerland, March 27, 2015 /PRNewswire/ — Baselworld 2015, THE global trendsetting event for the watch and jewellery industry, concluded today on a positive note after eight intensive and memorable days. The biggest and most prestigious brands in the world, the finest retailers and the global press once again united under one roof and capitalised on the myriad of business and networking opportunities that are exclusive to Baselworld. A record number of press attendees underlined the relentless growth of interest in the show.

Universally acknowledged as the one unmissable trendsetting event for an entire industry, Baselworld is the only show that unites key players from all sectors from around the world: watchmaking, jewellery, diamonds, gemstones and pearls, as well as machines and suppliers. The undisputed premier event once again saw 1,500 brands unveil and showcase their innovations and creations. With marginally fewer buyers present (-3% vs 2014), Baselworld 2015 had around 150,000 attendees (including representatives from exhibiting companies, buyers, journalists and other visitors) from over 100 countries. They felt the pulse of the industry, discovered the novelties, and purchased the latest collections which will set the trends for the coming year.

More than 4,300 (+ 7.5% vs 2014) representatives of the press from over 70 countries attended the show. These numbers signify a new all-time record further underscoring the international interest in the show. In keeping with Baselworld’s wide reach and universal attractiveness, a livestream of the opening press conference was broadcast and followed by some 3,000 journalists from all over the world.

A RESILIENT, RESPONSIVE AND CREATIVE INDUSTRY

The show has been a positive one for the watch and jewellery brands. With resilience, responsiveness and creativity, the industry continues to lead the way forward such that the attractiveness and interest that this sector creates continue growing. Nowhere else are more innovations, creations and new collections revealed than at Baselworld – all the elements that make this show THE trendsetting event worldwide.

Reflecting on this year’s edition of Baselworld, François Thiébaud, President of the Swiss Exhibitors’ Committee, said he was reminded of the show’s rich history and the evolution from its simple roots to the superlative event it is today. “Baselworld is universally acknowledged as the premier event for the global watch and jewellery industry. What makes it exceptional is that Baselworld is the only show that fully reflects the excellence of the industry by uniting everyone from the smallest to the largest brands representing every sector; and it offers each of these a prestigious platform to present themselves in the best light.”

Summarising his impression of this year’s show, Mr Thiébaud said that the feedback he had received from brands over the course of the eight days, leaves him “convinced that this year will be a positive one for the industry because everyone has continued to innovate, not just with creating products, but also with intensifying communication with the media and buyers”.

Commenting on the value of the show, Karl-Friedrich Scheufele, Co-President of Chopard, is of the opinion that “Baselworld continues to be the major milestone in the year, allowing us to meet and work with all our major clients around the globe. Our press meetings are equally important and increasing every year”.

This opinion was also shared by Thierry Stern, President of Patek Philippe, for whom Baselworld continues to be the most important annual event where “we get to meet all our partners and the entire global network in a concentrated time”. Mr Stern found this year’s show to be “an excellent edition that was really successful in terms of numbers and the interest in our products from retailers and the press”.

Enthusiastic about Baselworld and the success of the LVMH Group at this year’s show, President of the group’s watch division, Jean-Claude Biver, said that for their brands, TAG Heuer, Hublot and Zenith, “the results are excellent and we are above all our expectations”.

SHINING SUCCESS FOR DIAMONDS, GEMSTONES & PEARLS TRADE

Baselworld goes beyond the world of watches and jewellery as it is also the leading global event for diamonds, gemstones and pearl merchants. The best players and dealers from around the world participate in Baselworld because of the immense audience it attracts among which are the biggest customers from all markets.

First time Baselworld exhibitor, Shanghai Kimberlite Diamond Co., Ltd, very enthusiastically praised the value of their participation. “This is the first time we’ve exhibited at Baselworld and we can honestly say this is the one and only show that offers us so many unique opportunities. In the course of the eight days we were able to maximise the effect of our participation as we met with the most important buyers from all over the world and talked to the most significant journalists. All in all, this has been a tremendously successful show for both our brand and our business,” said Kimberlite Chairman Dong Liusheng.

PRESS ATTENDANCE AT BASELWORLD 2015 SETS NEW RECORD

More than 4,300 (+ 7.5 % vs 2014) of the world’s financial press, major dailies, lifestyle publications, all the trade press, the biggest TV channels and key players in the field of social media from over 70 countries attended the show to be among the first to discover those innovations and creations unveiled at Baselworld. With everyone from magazine editors seeking to discover cutting-edge trends and innovative designs to bloggers who deliver up-to-date editorials to consumers in every corner of the planet, the international press once again played a major role in creating an unrivalled global impact and underlining the show’s premier position for the watch and jewellery industry.

BASELWORLD – NEVER CEASING TO INNOVATE TO MEET EVOLVING REQUIREMENTS

Summing up the successful conclusion of the 2015 edition of this superlative show, Sylvie Ritter, Managing Director of Baselworld, said that “Baselworld is the heart of a whole industry which spreads throughout the entire world from here. This statement is becoming increasingly true with every year that passes, as Baselworld strengthens its position as the leader year after year”. Further reflecting on what makes this show the one unmissable event for the entire industry, Ms Ritter very clearly states: “This envied and enviable position has to be defended untiringly; that’s why Baselworld moves forward every year, improving convenience and impact, and never ceases to innovate to meet the constantly evolving requirements.”

THE NEXT BASELWORLD WILL BE HELD FROM 17 – 24 MARCH 2016

Press Contact    Loraine Stantzos
                 +41(0)582062264
Internet         http://baselworld.com
E-mail           press@baselworld.com
Facebook         http://facebook.com/baselworld
Twitter          http://twitter.com/baselworld
Weibo            http://weibo.com/baselworld

Picture material for Baselworld is available to download free of charge at: http://baselworld.com

Baselworld 2015 Opening Ceremony

BASEL, Switzerland, March 20, 2015 /PRNewswire/ —

In a grand ceremony befitting the most important event for the world’s watch and jewellery industry, Baselworld 2015 was officially opened by Swiss Federal Councillor Johann Schneider-Ammann.

The undisputedly premier event that unites key players from all sectors of the global watch and jewellery industry under one roof, Baselworld 2015 opened its doors today in the presence of Swiss Federal Councillor Johann Schneider-Ammann. With 1,500 brands exhibiting and over 4,000 journalists from all over the world expected to attend, Baselworld 2015 will run from 19 to 26 March 2015. 

THE SUPERLATIVE EVENT AND INDISPENSABLE PLATFORM FOR THE INDUSTRY

Baselworld is universally recognized as THE one unmissable global event for watches, jewellery and all related sectors. Unique in uniting all key players from the world of watches and jewellery, diamonds, gemstones, pearls and machines and supplies under one roof, Baselworld draws every year 150,000 professionals to Basel who attend to feel the pulse, discover new trends and buy the latest creations from the 1,500 brands. Being at the heart of whole industry, Baselworld spreads its message throughout the entire world, reinforcing its worldwide leadership position year after year. The show untiringly defends this enviable position, moving forward every year, improving facilities and impact, and never ceasing to innovate to meet the constantly evolving requirements. According to Ms Sylvie Ritter, Managing Director of Baselworld, “the attractiveness and buzz that this sector creates go on growing,” and equally importantly, “the attraction for consumers and the interest of the media are unceasing.”

GLOWING TRIBUTES TO AN INDUSTRY LEGEND

Mr René Kamm, CEO of the MCH Group, said he was honoured to have Federal Councillor Schneider-Ammann open Baselworld, underlining that it showed how much value the Swiss government placed on the show and by that also on the Swiss watch and jewellery industry. He went on to say that Baselworld had experienced openings where the conditions were more favourable and the mood accordingly optimistic, “but fortunately there were never occasions when we had the impression that the watch and jewellery industry was running out of innovative ideas.”

And on that note, Mr Kamm paid a special tribute to industry legend, Mr Jacques J. Duchêne, President of the Exhibitors’ Committee, who had unexpectedly passed away just before the opening of the show. Mr Kamm highlighted many of Mr Duchêne’s excellent qualities and acknowledged that through his “indefatigable commitment” to Baselworld his “contribution to the development of the show and raising it to this standard was immense.” This year Mr Jacques J. Duchêne would have celebrated two anniversaries: his 60th attendance at Baselworld and his 20th as President of the Exhibitors’ Committee.

BASELWORLD ORGANISED LIKE THE FINE MECHANICS OF A HIGHLY-PRECISE WATCH MECHANISM

Basel-Stadt Cantonal Council Member, Christoph Brutschin, welcomed the guests and conveyed the best wishes of the governments of Basel-Land and Basel-Stadt. He compared the show to a watch describing it as “similar to the fabrication of a watch mechanism, a lot of thought and passion with a high standard of precision is invested in this masterpiece that is Baselworld.” Clarifying his statement in horological terms, he said, “The precise workmanship of the wide variety of cogs that are tuned to the last detail to work in harmony, makes Baselworld a top-class event.” Mr Brutschin acclaimed Baselworld for its economic importance to the region, mentioning the thousands that visit the city during the eight days and also because it generated 13,000 jobs in the region.

He too paid tribute to Mr Jacques J. Duchêne, lauding his life’s work with the words: “His passionate and generous commitment to the development of Baselworld and the watch industry marked and guided his life,” adding that Mr Duchêne “constantly sought to ensure the sustainability of Baselworld and contributed to its reputation all over the world.” Mr Brutschin ended his speech with a Jacques J. Duchêne quote: “The creative capacity of this industry is undeniable. You only have to open your eyes to see it every year.” These words comforted Mr Brutschin and strengthened his “conviction that the Swiss watch industry, clearly focused on exports, would indeed rise to the current strong franc crisis with creativity, innovation and outstanding Swiss quality.”

BASELWORLD PLAYS A KEY ROLE IN CELEBRATING A VITAL SWISS INDUSTRY

Rounding off the opening ceremony, Federal Councillor Johann Schneider-Ammann praised watchmaking as an art, portraying it thus: “With the invention of the mechanical clock, time was, in the true sense of the word, turned into an art. An art that is driven to ever higher peaks – in precision, in technological ingenuity and in ever-evolving aesthetic forms.” As the minister responsible for the business research, innovation and labour, Mr Schneider-Ammann affirmed the importance of the industry for Switzerland by describing how it has developed into a uniquely strong economic force, which now boasts more than 500 companies that provide more than 50,000 people with a livelihood. “I am of course proud that Switzerland is one of the most important centres of art and that Baselworld celebrates this with due solemnity,” said Mr. Schneider-Ammann by way of conclusion.

BASELWORLD 2015 WILL BE HELD FROM 19 – 26 MARCH 2015.

Press Contact:
Loraine Stantzos
+41(0)582062264
Internet: baselworld.com
E-mail: press@baselworld.com
Facebook: facebook.com/baselworld
Twitter: twitter.com/baselworld
Weibo: weibo.com/baselworld

Picture material for Baselworld is available to download free of charge at: baselworld.com

Movado Group, Inc. Launches Innovative New Watch Collections At Baselworld 2015

BASEL, Switzerland, March 19, 2015 /PRNewswire/ — One of the world’s premier watchmakers, Movado Group, Inc. (MGI) (NYSE: MOV) is proud to present exceptional new collections of timepieces at Baselworld 2015 from some of the most recognized and respected names in time. From Swiss luxury to accessible fashion watches, each one of the Group’s brands is recognized for its inherent quality and distinctive image.  

“We are excited to unveil these extraordinary new timepieces from all of our brands at Baselworld 2015,” stated Efraim Grinberg, Chairman & CEO, Movado Group. “Consolidated in one unified space at Baselworld, these exciting new timepieces reflect our commitment to offer beautifully designed and innovative products from some of the world’s most powerful and iconic brands.” 

New from Movado is an exceptional collection of automatic timepieces for men and women. Powered by Swiss self-winding movements, the 1881 Automatic collection features contemporary designs that reflect the brand’s proud Swiss heritage in mechanical timekeeping. Exclusively for women, the elegant new Aria, in white ceramic and stainless steel illuminated by diamonds, redefines sport-chic with brilliant simplicity. The futuristic Sapphire family with its signature flat, edge-to-edge crystal introduces four men’s models – two on straps and two on a new, thinner “freefalling” bracelet design.

EBEL’s passion for excellence, technical innovation and sensual design continues with introductions to the timeless Wave collection – these new EBEL Wave Lady and Gent models are luxury infused with a fresh and modern vision and of course, extreme quality.

Concord continues its dramatic surge in creativity and innovation with the re-launch of the classic 1980’s Mariner – two new Mariner Ladies models merge the signature 12-sided bezel of the original with smooth new angles and ergonomic planes, capturing the essence of today’s chic and modern woman. 

An American classic, as well as its reinvention, is part of the Coach brand’s DNA – its watches possess all the attributes that make something a classic: dependability, durability and design integrity. For Baselworld 2015, Coach focuses on men, launching a full collection with 40 different skus including the introduction of two new families – Bleecker and Sullivan Sport – expressed in a variety of attitudes, unique to the brand and designed to fit perfectly into the Coach men’s lifestyle assortments.   

Combining clean lines and classic styling with sporty looks, Hugo Boss launches the BOSS Black Aeroliner – pure icy elegance with a silver bracelet paired with a metallic blue chronograph dial. The BOSS Orange New York is a marvel of contrasting simplicity – the black leather strap and black dial with bold white numbers are offset with a hint of orange. Both new watches share the sleek, clean and stylish Hugo Boss DNA.

In 1927, Rene Lacoste heralded the birth of contemporary sportswear with his design for the original L.12.12 Polo shirt – almost a century later Lacoste watches reignite the essential, authentic brand spirit with the L.12.12 timepiece collection.  In six confident new colors, the result is timeless, simple, wearable elegance for men – the promise of another true classic.

Juicy Couture’s Juicy girl indulges in the high-impact embellishment and rich tones of the new Luxe Couture family. Luminous timepieces designed with set crystal bezels and stainless steel, gold-plated, or rose gold-toned bracelets with dials offered in soft sunset hues touched with shimmering diamond dust – clean and crisp sport details, redefined in a romantic and feminine way.

Since Tommy Hilfiger founded his namesake company in 1985, it has become one of the world’s leading designer lifestyle brands, recognized internationally for celebrating the essence of “classic American cool.” The 2015 watch collection builds on the signature Tommy Hilfiger characteristics to reflect a preppy spirit in sporty, chronograph, pilot and diving watch-inspired automatic models. A range of metals and color play a significant role in the collection – with pops of Tommy Hilfiger’s quintessential red, white and blue.

The Scuderia Ferrari racing team is the heart and soul of the Scuderia Ferrari Orologi brand. The watches draw inspiration directly from the cars themselves.  Premiering at Baselworld 2015 is the Gran Premio Worldtime Automatico Limited Edition with a sportier, black-out look inspired by the Ferrari FXX. The dial features a unique city time zone display highlighting Ferrari’s headquarters in Maranello and ten iconic grand prix race locations around the globe.

All brands are showcased in Movado Group’s state-of-the-art exhibition space in Hall 1.0 South at the Basel Exhibition Center in Basel, Switzerland.

Movado Group, Inc. designs, manufacturers, and distributes Movado, EBEL, Concord, Coach, HUGO BOSS, Lacoste, Juicy Couture, Tommy Hilfiger, and Scuderia Ferrari brand watches worldwide.

Unseen McQueen: New Artwork Celebrates Alexander McQueen Retrospective

LONDON, March 18, 2015 /PRNewswire/ — Today, American Express unveils a striking new tableaux created by acclaimed international fashion photographer Nick Knight, OBE, using unseen photography captured backstage at the iconic 2004 American Express: McQueen Black Event. The commission celebrates American Express’ support of Alexander McQueen: Savage Beauty at the Victoria & Albert Museum, London.

 (Photo: http://photos.prnewswire.com/prnh/20150318/735545-a )
 (Photo: http://photos.prnewswire.com/prnh/20150318/735545-b )
 (Photo: http://photos.prnewswire.com/prnh/20150318/735545-c )
 (Photo: http://photos.prnewswire.com/prnh/20150318/735545-d )

This spectacular piece, entitled ‘Black’ [video here], is a stunning snapshot of McQueen’s work as showcased at the unique 2004 event, which was co-hosted and curated by Alexander McQueen.

Using material shot backstage at the event, Knight has created an unique tableaux showcasing the 35 breathtaking outfits modelled by Kate Moss, Naomi Campbell, Gemma Ward and Lily Cole amongst others, representing the full breadth of McQueen’s vision.

The American Express: McQueen Black Event saw McQueen show in London for the first time in several seasons and kicked off with a dramatic showcase of black pieces; some from the archive and others designed specifically for the night.

At the event, Nick Knight was asked by McQueen to photograph each model backstage with a view to creating a composite image for the future; a vision that, 11 years on, has now been realised.

Nick Knight comments: “McQueen and I knew we had the ingredients to make an incredible image. Now to coincide with the opening of Savage Beauty at the V&A, it has been a fantastic opportunity to partner once again with American Express, immerse myself in the project and finally produce the image to honour him in a unique way.”

Lisa Gregg, Vice President, American Express, says: “Our partnership with the V&A and the Alexander McQueen: Savage Beauty retrospective has given us an exciting opportunity to work with Nick again and to commission this beautiful image, which is a wonderful tribute to our past collaborations with McQueen.”

Alexander McQueen: Savage Beauty will be at the V&A, London until 2 August in partnership with Swarovski and supported by American Express. For more information visit Americanexpress.com

About American Express 

American Express is a global services company, providing customers with access to products, insights and experiences that enrich lives, offer peace of mind and help build business success. For more information visit americanexpress.com.

About Nick Knight 

Knight is among the world’s most influential photographers as well as being Director and founder of SHOWstudio.com the fashion and art internet broadcasting channel. A long-time collaborator with McQueen, Knight captured photography at 2004 American Express: McQueen Black Event.

China Jo-Jo Drugstore Forms Joint Venture with Leading Chinese Pharmacy Benefit Management Provider

HANGZHOU, China, March 17, 2015 /PRNewswire/ — China Jo-Jo Drugstores, Inc. (NASDAQ CM: CJJD) (the “Company” or “China Jo-Jo“), a leading China-based retail and wholesale distributor of pharmaceutical and health care products through its own online and retail pharmacies, today announced that the Company, through one of its controlled subsidiaries, Hangzhou Jiuzhou Grand Pharmacy Chain Co., Ltd. (“Jiuzhou Pharmacy”) has reached a joint venture agreement with Shanghai Jianbao Technology Co., Ltd. (“Shanghai Jianbao”), China’s leading Pharmacy Benefit Management (“PBM”) provider which owns and operates Yikatong (the “E-Pharmacy-Card”), a popular pharmacy and health insurance benefit card with over 180,000 current users to form a joint venture (the “JV”). The joint venture agreement requires Shanghai Jianbao to direct the majority of its online E-Pharmacy-Card transactions to China Jo-Jo’s official online pharmacy site, www.dada360.com, which is expected to significantly improve the Company’s online pharmacy revenue and profit margin in 2015.

According to the joint venture agreement, Shanghai Jianbao and Jiuzhou Pharmacy will hold 65% and 35% of the JV respectively. Shanghai Jianbao will be in charge of directing the online sales of Yikatong to China Jo-Jo’s e-commerce site, and has committed a minimum monthly sales volume of RMB 10 million (or approximately US$1.6 million) by the end of 2015. With over 180,000 E-Pharmacy Card users, the total online transaction of E-Pharmacy Card reached about RMB 300 million (or US$48 million) among five network pharmacies including Jiuzhou Pharamcy in 2014. It is expected that Shanghai Jianbao will shift the majority of those online sales volume to China Jo-Jo after the announced partnership. In return, China Jo-Jo, being one of handful online pharmacy license holders in China, will handle the actual online sales, procurement and delivery of pharmaceutical and health care products to E-Pharmacy Card users. Both sides agree that the JV will consider applying for a new online pharmacy license after monthly revenue achieves at least RMB 10 million and certain other eligibilities are met.

Mr. Lei Liu, Chairman of the Company, stated, “All future E-Pharmacy-Card businesses will be directed to our own online pharmacy, not via any third-party platform. This shall greatly enhance customer loyalty as well as our profit margin. It’s also a sustainable and recurring business model that is hard for our competitors to imitate. To ensure our goal of online pharmacy sales surpass sales of our retail stores within the next three years, we have to grow China Jo-Jo from a regional drugstore chain into a national online drugstore and fundamentally change our sales and distribution model. We aim to become one of the first drugstore chains by leveraging PBM model to effectively control the rising health care cost in China.”

About Yikatong (the “E-Pharmacy-Card “)

Yikatong, or E-Pharmacy Card is a pharmacy/health insurance benefit card service provided by Shanghai Jianbao and its affiliates. The card, which is mostly issued to the insured business entities and their employees and family members, turns the traditional medical insurance into tangible products. The users of Yikatong can purchase pharmaceutical and health care products and services in a network of healthcare institutes without going through the complex claiming procedures.

About Shanghai Jianbao

Shanghai Jianbao is the first Third-Party Administrator (TPA) for healthcare insurance that specialized in Pharmacy Benefit Management (PBM) in China. It has two subsidiaries, Hangzhou Yibao Healthcare Management Co., Ltd., and Shanghai Yibao Healthcare Management Co., Ltd..

About China Jo-Jo Drugstores, Inc.

China Jo-Jo Drugstores, Inc., through its own retail drugstores, wholesale distributor and online pharmacy, is a leading retailer and wholesale distributor of pharmaceutical and healthcare products in China. As of December 31, 2014, the Company had 60 retail pharmacies in Hangzhou. The Company’s wholesale subsidiary not only supplies its retail stores, but also distributes drug and other healthcare products to other drugstores and drug vendors. The Company routinely posts important information on its corporate websites at www.jiuzhou-drugstore.com (Chinese) and www.chinajojodrugstores.com (English).

Forward Looking Statement

Statements in this press release regarding the Company that are not historical facts are forward-looking statements and are subject to risks and uncertainties that could cause actual future events or results to differ materially from such statements. Any such forward-looking statements, including, but not limited to, financial guidance, are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the use of forward-looking terminology such as “believe,” “expect,” “may,” “will,” “should,” “project,” “plan,” “seek,” “intend,” “anticipate,” the negatives thereof, or comparable terminology. Such statements typically involve risks and uncertainties and may include financial projections or information regarding the progress of new product development. It is routine for the Company’s internal projections and expectations to change as the quarter and year progresses, and therefore it should be clearly understood that the internal projections and beliefs upon which the Company bases its expectations may change. Although these expectations may change, the Company is under no obligation to inform you if they do. Actual results could differ materially from the expectations reflected in such forward-looking statements as a result of numerous factors, including the risks associated with the effect of changing economic conditions in the People’s Republic of China, variations in cash flow, reliance on collaborative retail partners and on new product development, variations in new product development, risks associated with rapid technological change, and the potential of introduced or undetected flaws and defects in products. Readers are referred to the reports and documents filed from time to time by the Company with the Securities and Exchange Commission for a discussion of these and other important risk factors that could cause actual results to differ from those discussed in forward-looking statements.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/china-jo-jo-drugstore-forms-joint-venture-with-leading-chinese-pharmacy-benefit-management-provider-300051620.html

Samsonite International S.A. Announces 2014 Final Results

Net sales reach a record US$2.35 billion

Double-digit Revenue and EBITDA Growth for the Fifth Consecutive Year

HONG KONG, March 17, 2015 /PRNewswire/ —

Highlights

  • Samsonite posted double-digit growth in both net sales and Adjusted EBITDA for the fifth year running.
  • Samsonite’s net sales for the year ended December 31, 2014 increased by 17.3%[1] to a record US$2,350.7 million with strong growth across all regions. US Dollar reported net sales increased by 15.4%.
    • Asia — 18.0%[1] year-on-year net sales growth.
    • North America — 22.9%[1] year-on-year net sales growth.
    • Europe — 10.4%[1] year-on-year net sales growth.
    • Latin America — 15.7%[1] year-on-year net sales growth.
  • Profit attributable to shareholders increased to US$186.3 million, representing year-on-year growth of 5.8%, or 16.3% excluding acquisition costs and foreign exchange translation losses.
  • Adjusted Net Income[2] increased to US$206.3 million, representing year-on-year growth of 9.0%, or 12.3% excluding foreign exchange translation losses.
  • Adjusted EBITDA[2] increased to US$384.3 million, representing 13.8% year-on-year growth.
  • Net sales of the American Tourister and High Sierra brands continued to deliver strong growth with an increase of 19.0%[1] and 24.9%[1] year-on-year, respectively, while the Samsonite and Hartmann brands saw solid net sales growth of 10.2%[1] and 10.3%[1], respectively.
  • Good progress was made across all four product categories.
    • Travel — net sales increased by 10.9%[1] to US$1,654.4 million.
    • Casual — net sales increased by 25.1%[1] to US$252.1 million.
    • Business — net sales increased by 34.6%[1] to US$256.2 million.
    • Accessories — net sales increased by 76.3%[1] to US$147.2 million.
  • Three acquisitions were completed during the year, which together significantly expand the Group’s brand and product offering:
    • Lipault, a French luggage brand known for its functional and fashionable designs and appeal to female travellers, in April 2014.
    • Speck Products, a leading designer and distributor of slim protective cases for personal electronic devices that are marketed under the Speck® brand, in May 2014.
    • Gregory, a premium technical outdoor backpack brand, in July 2014.
  • Subsequent to 2014, the Group acquired Rolling Luggage in February 2015, providing the Group with a significant retail footprint in some of the world’s leading airports and further expanding the Group’s portfolio of retail store locations.
  • The Group generated US$229.9 million of cash from operating activities during 2014 compared to US$193.0 million during 2013, resulting in a net cash position of US$72.9 million at year-end, providing a solid platform to execute future growth plans.
  • Adjusted basic earnings per share[2] increased to US$0.147 in 2014 from US$0.134 for the previous year. Basic earnings per share as reported increased to US$0.132 from US$0.125.
  • The Board recommended a cash distribution to shareholders of US$88.0 million, or approximately US$0.0625 per share, up 10% from the US$80.0 million distribution paid in the previous year.

[1]

Excluding foreign currency effects.

[2]

This non-IFRS measure eliminates the effect of a number of non-recurring costs and charges and certain other non-cash items that impact the Group’s reported profit for the year. The Group believes the adjusted figures are useful in gaining a more complete understanding of its operational performance and of the underlying trends of its business.

Samsonite International S.A. (“Samsonite” or “the Group”; stock code 1910), the world’s largest travel luggage company, today announced its results for the year ended December 31, 2014.

The Group’s net sales increased by 15.4% to a record US$2,350.7 million for the year ended December 31, 2014. Excluding foreign currency effects, net sales increased by 17.3%. Excluding amounts attributable to acquisitions made in 2014, net sales increased by US$203.2 million, or 10.0%, and by 11.9% on a constant currency basis. Samsonite continued to benefit from the worldwide growth in travel and tourism as international tourist arrivals grew by 4.7% in 2014 to 1.13 billion travellers, according to the World Tourism Organization (UNWTO).

Reported profit for the year attributable to shareholders increased by 5.8% to US$186.3 million. Excluding acquisition costs and foreign exchange translation losses, profit attributable to shareholders increased by 16.3%. The Group’s Adjusted Net Income increased by 9.0%, to US$206.3 million and by 12.3% excluding foreign exchange translation losses. Adjusted EBITDA increased by 13.8% to US$384.3 million for the year ended December 31, 2014.

Adjusted basic earnings per share increased to US$0.147 in 2014 from US$0.134 in 2013. Basic earnings per share as reported increased to US$0.132 for the year ended December 31, 2014 compared to US$0.125 for the previous year. The Board has recommended that a cash distribution in the amount of US$88.0 million, or approximately US$0.0625 per share, be made to the Company’s shareholders. This represents a 10% increase from the distribution paid in the previous year.

Mr. Tim Parker, Chairman, said, “Since the Group’s listing in 2011, we have achieved considerable growth, and today Samsonite is the leader in travel goods in almost every significant world market. The Group continued its strong momentum in 2014, achieving another year of excellent progress. The next stage of our growth will see the Group develop on a much more ambitious scale as we intend to not only extend our leading position in travel goods with the Samsonite and American Tourister brands, but we will also continue to diversify our brands, product offering and distribution channels. We firmly believe that our business has the capacity to double in size over the next few years, and the progress we have made during 2014 is consistent with our long-term ambition.”

Mr. Ramesh Tainwala, Chief Executive Officer, added, “We are pleased to report another outstanding set of results for the fifth year running, reflecting the consistent and successful execution of Samsonite’s growth strategy. Our business grew nicely across all geographies, brands and product categories in 2014, which is a testament to our ability to deliver best in class products catering to the needs of consumers in individual markets. The Group’s strong performance also demonstrates the resilience of the multi-brand, multi-category and multi-channel model we have established over the last few years as part of our aim to strategically diversify the business. In line with this strategy, last year we acquired three very different, yet complementary brands, Lipault, Speck and Gregory, which together significantly extend our product offering and which we expect will contribute considerably to our topline as we leverage our global distribution and marketing platform to expand them into new markets. Our most recent buy, Rolling Luggage, coming at the start of 2015, establishes a strong retail presence for us in key international airport locations as we push to expand our retail points of sales globally. Looking ahead, we will stay the course of our clear and defined strategy to achieve our goals for sustained growth.”

Table 1: Key Financial Highlights

Year ended

December 31, 2014

US$ (Million)

Year ended

December 31, 2013

US$ (Million)

Percentage change

2014 vs. 2013

Percentage change

2014 vs. 2013

Excl. Foreign

Currency Effects

Net Sales

2,350.7

2,037.8

15.4%

17.3%

Profit attributable to shareholders

186.3

176.1

5.8%

Adjusted Net Income

206.3

189.2

9.0%

Adjusted EBITDA

384.3

337.7

13.8%

Basic and diluted earnings per share (US$)

0.132

0.125

5.6%

Adjusted basic earnings per share (US$)

0.147

0.134

9.7%

Recommended cash distribution

88.0

80.0

10%

Net Sales by Brand

Net sales of the Group’s flagship brand, Samsonite, increased by 8.6% year-on-year to US$1,535.7 million, accounting for 65.3% of the Group’s net sales, down from 69.4% for 2013, reflecting continuing efforts to diversify the Group’s brand portfolio. Excluding foreign currency effects, net sales of the Samsonite brand increased by 10.2%.

The Group’s mid-priced brand, American Tourister, recorded net sales of US$504.2 million, an increase of 17.4%, or 19.0% on a constant currency basis, from 2013. This growth was largely driven by Asia, which saw net sales for the brand increase by 17.5% in constant currency terms in 2014, accounting for 71.5% of the increase in overall American Tourister brand sales for the year. While accounting for a smaller contribution to the Group’s overall net sales than Asia, net sales of the American Tourister brand also saw considerable growth in Europe, increasing by 54.8% on a constant currency basis.

The net sales growth of both the Samsonite and American Tourister brands was largely the result of expanded product offerings and further penetration of existing markets, which were supported by the Group’s targeted advertising activities.

The High Sierra and Hartmann brands, both acquired by the Group in 2012, posted constant currency net sales growth of 24.9% and 10.3%, respectively, as the Group pursued further geographical expansion of the two brands. Hartmann was launched globally in the fourth quarter of 2014 with the opening of the New York Madison Avenue flagship store in October, followed by the Tokyo Ginza flagship in December, with a total of over 350 points of sales around the world as at December 31, 2014, including key cities such as London, Paris, Moscow, Beijing, Shanghai, Seoul, Hong Kong and Singapore. Meanwhile, the High Sierra brand continued its successful expansion in Asia, Europe and Latin America in 2014.

The Group made three acquisitions in 2014: Lipault, acquired in April; Speck Products, acquired in May, and; Gregory Mountain Products, acquired in July. For the year ended December 31, 2014, net sales of the Speck, Gregory and Lipault brands amounted to US$91.6 million, US$12.6 million and US$5.5 million, respectively. The integration of all three of these businesses is substantially complete and plans are well advanced to expand product ranges and distribution.

Mr. Tainwala said, “Lipault, Speck and Gregory are wonderful new additions to our brand portfolio. Samsonite remains our flagship, but as we diversify and increase our product offering, it will come to account for a smaller proportion of our overall sales. American Tourister continued to drive growth, most notably in Asia, but also in other regions such as Europe. As we continue the broader geographical rollout of High Sierra and Hartmann, we’re seeing very encouraging signs from consumers, and expect both of these brands will be drivers of considerable growth for our business going forward. Our portfolio now comprises a diverse set of well-respected brands in both the travel and non-travel categories and spanning a wide range of price points. In line with our strategic objectives, we will continue to further diversify our offering by monitoring the market for attractive acquisition opportunities.”

Table 2: Net Sales by Brand

Brand

Year ended

December 31, 2014

US$’000

Year ended

December 31, 2013

US$’000

Percentage change

2014 vs. 2013

Percentage change

2014 vs. 2013

Excl. Foreign

Currency Effects

Samsonite

1,535,708

1,413,703

8.6%

10.2%

American Tourister

504,222

429,309

17.4%

19.0%

High Sierra

89,239

72,007

23.9%

24.9%

Hartmann

16,947

15,481

9.5%

10.3%

Speck[3]

91,565

nm[6]

Gregory[4]

12,613

nm[6]

Other[5]

100,413

107,312

(6.4)%

2.4%

[3] The Speck brand was acquired on May 28, 2014
[4] The Gregory brand was acquired on July 23, 2014
[5] Other includes Lipault, Saxoline, Xtrem and others

[6] nm Not meaningful due to acquisition during 2014

Net Sales by Region

The Group continued to achieve strong double-digit constant currency sales growth in all regions in 2014, led by Asia and North America.

The Group’s net sales in Asia increased by 16.1% to US$892.3 million for the year ended December 31, 2014 compared to the previous year. Excluding foreign currency effects, net sales increased by 18.0%. Along with additional product offerings and points of sale expansion, the success of the Group’s business in Asia has been bolstered by a continued focus on country-specific product and marketing strategies to drive increased awareness of and demand for the Group’s products. The sales growth in the region was largely driven by the American Tourister brand, net sales of which accounted for 43.2% of the increase in net sales for the region. The Samsonite Red sub-brand in the Group’s casual category, which was first launched in South Korea in 2010 and is aimed at young fashion-conscious consumers, continued to be popular, with net sales increasing by 91.9% on a constant currency basis to US$57.9 million in 2014 on the back of successful new product introductions and marketing programs. On the back of the success of American Tourister, Samsonite and Samsonite Red, China continued to lead in terms of sales and performance, contributing 25.5% of the region’s net sales and recording 18.4% year-on-year net sales growth, or 18.7% on a constant currency basis, despite a slowing economy which affected consumer spending. Japan posted strong constant currency net sales gains of 32.3%, driven by the success of the Samsonite brand and the Gregory acquisition. South Korea, with constant currency net sales up 12.8% year-on-year, continued to experience robust sales growth driven by American Tourister and Samsonite Red, while India and Hong Kong posted healthy constant currency net sales gains of 19.9% and 12.2%, respectively.

The Group’s net sales in North America, which includes the United States and Canada, increased by 22.4% to US$761.3 million for the year ended December 31, 2014 compared to the previous year. Excluding foreign currency effects, net sales increased by 22.9%. The Group’s continued focus on marketing and selling products designed to appeal to North American consumers, as well as the addition of the Speck and Gregory brands, contributed to the net sales growth in the region. Excluding net sales attributable to Speck and Gregory, net sales increased by 6.9%, or 7.3% on a constant currency basis. Net sales across both the Samsonite and American Tourister brands, as well as across the travel and casual categories, all recorded solid year-on-year constant currency growth, while the business and accessories categories performed particularly well on the back of the Speck acquisition.

The Group’s net sales in Europe increased by 8.3% to US$557.9 million for the year ended December 31, 2014 compared to the previous year. Excluding foreign currency effects, net sales for the European region increased by 10.4%. Strong local currency sales growth was achieved in several markets due to the positive sell-through of new product introductions, including new product lines manufactured using the Curv material and other lines of polypropylene suitcases, as demand for hardside luggage continued to grow in the region. Germany, the Group’s leading market in Europe representing 14.7% of total regional net sales, achieved 10.6% constant currency sales growth during the year. The United Kingdom also posted strong growth, with constant currency net sales increasing by 12.2% year-on-year. The Group’s business in Italy and Spain continued to show signs of improvement with constant currency net sales growth of 12.3% and 11.3%, respectively. Excluding foreign currency effects, net sales in France increased by 13.2% year-on-year assisted by the Lipault acquisition. The Group continued to penetrate the emerging markets of Turkey and South Africa with year-on-year constant currency net sales growth of 34.9% and 25.5%, respectively. The Group’s business in Russia was negatively impacted by the economic uncertainty and devaluation of the Russian Ruble, but still generated constant currency net sales growth of 5.7% year-on-year.

In Latin America, net sales increased by 5.7% to US$130.6 million for the year ended December 31, 2014 compared to the previous year. Excluding foreign currency effects, net sales increased by 15.7%. Chile and Mexico accounted for 45.1% and 30.5% of the region’s net sales, respectively. Chile recorded year-on-year net sales growth of 8.1%, excluding foreign currency effects, due in large part to the recently launched women’s handbag brand Secret. US Dollar reported net sales for Chile decreased by 5.9% due to the negative impact of foreign exchange rates. Excluding foreign currency effects, Mexico recorded a net sales increase of 16.3%, while Brazil posted year-on-year constant currency net sales growth of 105.0% mainly due to the direct import and sales model implemented during 2013. Excluding net sales attributable to Argentina, which continued to be negatively impacted by import restrictions imposed by the local government, net sales for the Latin American region increased by 20.0% on a constant currency basis.

Mr. Tainwala said, “2014 saw considerable growth once again coming from North America and Asia, and we continued to see positive progress in Europe, particularly Italy and Spain, which have both suffered considerably in the past few years due to the Eurozone crisis. As recent events have demonstrated, global economies continue to be turbulent; however the broad geographical spread of our operations as well as our multi-brand, multi-category and multi-channel model have enabled us to weather the many external forces that can buffet individual markets.”

Table 3: Net Sales by Region

Region

Year ended

December 31, 2014

US$’000

Year ended

December 31, 2013

US$’000

Percentage change

2014 vs. 2013

Percentage change

2014 vs. 2013

Excl. Foreign Currency Effects

Asia

892,258

768,363

16.1%

18.0%

North America

761,310

621,741

22.4%

22.9%

Europe

557,934

515,177

8.3%

10.4%

Latin America

130,606

123,580

5.7%

15.7%

Net Sales by Product Category

Net sales in the travel category, the Group’s traditional area of strength, grew by 10.9% to US$1,654.4 million, excluding foreign currency effects, delivering 44.3% of the Group’s total increase in net sales in 2014. Country-specific product designs, locally relevant marketing strategies and expanded points of sale, including e-commerce, continue to be the key factors contributing to the Group’s success in the travel category.

As a result of the Group’s strategic focus on expanding its product offering, the accessories category recorded constant currency net sales growth of 76.3% year on year, largely due to the acquisition of Speck Products. The acquisition of Speck also had a positive impact on the business product category, where net sales increased by 34.6% excluding foreign currency effects. Meanwhile, net sales in the casual product category increased by 25.1% on a constant currency basis, due primarily to the success of High Sierra and Samsonite Red as well as the acquisition of Gregory.

Mr. Tainwala added, “Our share of travel has reduced from 74.4% of total net sales in 2013 to 70.4% in 2014, while that of non-travel has grown from 25.6% to 29.6% during the same period. This demonstrates the progress we have made in a short time to diversify our brand and product portfolio. Over the next five years, we aim to increase the contribution of our non-travel brands to around 50% of total net sales.”

Table 4: Net Sales by Product Category

Product Category

Year ended

December 31, 2014

US$’000

Year ended

December 31, 2013

US$’000

Percentage change

2014 vs. 2013

Percentage change

2014 vs. 2013

Excl. Foreign Currency

Effects

Travel

1,654,402

1,515,852

9.1%

10.9%

Casual

252,069

205,871

22.4%

25.1%

Business

256,228

193,474

32.4%

34.6%

Accessories

147,222

85,745

71.7%

76.3%

Distribution

As at December 31, 2014, the wholesale and retail channels represented 79.4% and 20.2%, respectively, of the Group’s net sales. Excluding foreign currency effects, net sales in the wholesale channel increased year-on-year by 17.2%, while net sales in the retail channel increased by 18.3%. On a same store, constant currency basis, net sales in the retail channel increased by 7.9%. For the year ended December 31, 2014, approximately 6.6% of the Group’s net sales were derived from its direct-to-consumer e-commerce business and net sales to e-tailers, versus 5.6% for the previous year.

The Group expanded its points of sale by approximately 3,600 during the year to a total of over 49,000 points of sale in over 100 countries worldwide as of December 31, 2014. Over 300 points of sale were added in Asia during 2014, including 41 net new company-operated retail locations, bringing the total to more than 7,200 points of sale in the region as at December 31, 2014.

Mr. Tainwala noted, “2014 saw Samsonite pushing for a more balanced channel mix. We are integrating both online and offline distribution to create an omni-channel presence that will strengthen our engagement with consumers, increase visibility for our products and drive sales. Given the explosive growth in online retail, we believe e-commerce will be a new driver of profitable growth for our business, and will be the way in which many of our newer and younger customers experience our brands. As for brick-and-mortar, we are aggressively expanding our own retail footprint around the world, including in airports under the Rolling Luggage name as well as through opening multi-brand bag and luggage specialty stores under the J.S. Trunk & Co. name. We believe an omni-channel model has the potential to grow the proportion of retail sales from around 20% of our net sales in 2014 to perhaps as much as 50% over the medium term.”

Marketing

The Group spent US$144.7 million, or 6.2% of net sales, on marketing in 2014, an increase of 12.0% compared to 2013, reflecting its ongoing commitment to advertise and promote its brands and products to support sales growth worldwide. The Group continued to employ targeted and focused advertising and promotional campaigns and the Group believes the success of these campaigns is evident in its net sales growth outpacing the industry in all regions.

Outlook

Looking ahead to 2015, the Group’s existing growth strategy will continue to maintain its course with the objective of increasing shareholder value through sustainable revenue and earnings growth.

In particular, Samsonite will:

  • Continue to gain market share by leveraging the strength of the Group’s diverse portfolio of brands, which include Samsonite, American Tourister, Hartmann, High Sierra, Gregory, Speck and Lipault, across all of its markets;
  • Allocate more resources to increase the Group’s direct-to-consumer sales, including e-commerce, retail and omni-channel, in proportion to net sales;
  • Allocate more resources to the markets in Latin America where the Group is less represented and has the potential to gain market share;
  • Allocate more resources to the Hartmann brand to increase sales and gain market share worldwide;
  • Focus on further integrating Speck Products, Lipault and Gregory into the Group’s existing business and continue to realize anticipated synergies in sourcing, systems and back-office support functions;
  • Continually improve the efficiency and effectiveness of the Group’s supply chain and global distribution network; and
  • Continually evaluate acquisition opportunities that have a compelling strategic fit, leveraging the Group’s strong management team and balance sheet capacity.

About Samsonite

Samsonite International S.A. (together with its consolidated subsidiaries, the “Group”) is the world’s largest travel luggage company, with a heritage dating back more than 100 years. The Group is principally engaged in the design, manufacture, sourcing and distribution of luggage, business and computer bags, outdoor and casual bags, travel accessories and slim protective cases for personal electronic devices throughout the world, primarily under the Samsonite®, American Tourister®, Hartmann®, High Sierra®, Gregory®, Speck® and Lipault® brand names and other owned and licensed brand names. The Group’s core brand, Samsonite, is one of the most well-known travel luggage brands in the world.

For more information, please contact:

Samsonite International S.A.

William Yue

Tel: +852-2422-2611

Fax: +852-2480-1808

Email: william.yue@samsonite.com

Artemis Associates

Vanita Sehgal

Jonathan Yang

Tel: +852-2861-3227

Tel: +852-2861-3234

Mob: +852-9103-4626

Mob: +852-6373-6676

Email: vanita.sehgal@artemisassociates.com

Email: jonathan.yang @artemisassociates.com

Europe: Newgate Communications

Jonathan Clare

Clotilde Gros

Georgia Lewis

Tel: +44-2076-806-500

Tel: +44-207-680-6522

Tel: +44-207-680-6528

Mob: +44-7899-790-749

Mob: +44-7718-619-905

Email: samsonite@newgatecomms.com

This announcement contains forward-looking statements. All statements other than statements of historical fact contained in this announcement, including, without limitation, the discussions of the Group’s business strategies and expectations concerning future operations, margins, profitability, liquidity and capital resources, the future development of the Group’s industry and the future development of the general economy of the Group’s key markets and any statements preceded by, followed by or that include words and expressions such as “expect”, “seek”, “believe”, “plan”, “intend”, “estimate”, “project”, “anticipate”, “may”, “will”, “would” and “could” or similar words or statements, as they relate to the Group or its management, are intended to identify forward-looking statements.

These statements are subject to certain known and unknown risks, uncertainties and assumptions, which may cause the Group’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by these forward-looking statements. Accordingly, you should not place undue reliance on any forward-looking information.

Subject to the requirements of applicable laws, rules and regulations, the Group does not have any and undertakes no obligation to update or otherwise revise the forward-looking statements in this announcement, whether as a result of new information, future events or developments or otherwise. In this announcement, statements of or references to the Group’s intentions are made as of the date of this announcement. Any such intentions may change in light of future developments. All forward-looking statements contained in this announcement are qualified by reference to the cautionary statements set out above.

Photo – http://photos.prnasia.com/prnh/20150317/8521501672LOGO

Jumei Reports Unaudited Fourth Quarter and Full Year 2014 Financial Results

BEIJING, March 17, 2015 /PRNewswire/ — Jumei International Holding Limited (NYSE: JMEI) (“Jumei” or the “Company”), China’s leading online retailer of beauty products, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2014. The Company will host a conference call to discuss the results at 8:30 AM U.S. Eastern Daylight Time on March 17, 2015 (8:30 PM China time on the same day).

Fourth Quarter 2014 Highlights

  • Total net GMV[1] decreased by 3.0% year-over-year to US$235.2 million, primarily due to a decrease in total orders[2], partially offset by an increase in the number of active customers[3].
  • Net revenues increased by 18.5% year-over-year to US$166.0 million.
  • The number of active customers increased by 2.1% year-over-year to 4.8 million.
  • The number of total orders decreased by 5.9% from the same period last year to 9.6 million.
  • Gross profit as a percentage of net revenues decreased to 30.4% from 42.6% in the same period of 2013. Gross profit as a percentage of total net GMV decreased to 21.4% from 24.6% in the same period of 2013. The decreases were primarily due to the Company’s shift in strategy from beauty product marketplace sales to merchandise sales that started in September 2014.
  • Net income attributable to Jumei’s ordinary shareholders increased to US$10.7 million from a net loss attributable to Jumei’s ordinary shareholder of US$15.5 million in the same period of 2013. Net margin attributable to Jumei’s ordinary shareholders was 6.4%, compared with negative 11.0% in the same period of 2013.
  • Non-GAAP net income attributable to Jumei’s ordinary shareholders[4] was US$11.7 million, a decrease of 25.5% from the same period of 2013. Non-GAAP net margin attributable to Jumei’s ordinary shareholders[5] was 7.0%, compared with 11.2% in the same period of 2013.

Full Year 2014 Highlights

  • Total net GMV increased by 30.9% year-over-year to US$1.07 billion, primarily due to the increases in the number of active customers and total orders.
  • Net revenues increased by 31.0% year-over-year to US$632.9 million.
  • The number of active customers increased by 26.7% year-over-year to 13.3 million.
  • Total orders increased by 18.3% year-over-year to 42.6 million.
  • Gross profit as a percentage of net revenues decreased to 39.5% from 41.3% in 2013. Gross profit as a percentage of total net GMV decreased to 23.4% from 24.5% in 2013. The decreases were primarily due to the Company’s shift in strategy from beauty product marketplace sales to merchandise sales that started in September 2014.
  • Net income attributable to Jumei’s ordinary shareholders was US$56.0 million, compared with US$15.8 million in 2013. Net margin attributable to Jumei’s ordinary shareholders was 8.8%, compared with 3.3% in 2013.
  • Non-GAAP net income[6] was US$72.3 million, compared with US$57.8 million in 2013. Non-GAAP net income attributable to Jumei’s ordinary shareholders was US$62.4 million, compared with US$48.6 million in 2013. Non-GAAP net margin attributable to Jumei’s ordinary shareholders was 9.9%, compared with 10.1% in 2013.

[1]

“Net GMV” means the sum of (i) net revenues generated from merchandise sales, and (ii) net revenues generated from marketplace services plus corresponding payables to third-party merchants;

[2]

“Total orders” means the total number of orders placed during a period, excluding rejected or returned orders;

[3]

“Active customer” means a customer that made at least one purchase during a specified period;

[4]

“Non-GAAP net income attributable to Jumei’s ordinary shareholders” is a non-GAAP financial measure defined as net income attributable to Jumei’s ordinary shareholders excluding share-based compensation expenses. See “Use of Non-GAAP Financial Measures” and “Unaudited Reconciliation of GAAP and Non-GAAP Results”.

[5]

“Non-GAAP net margin attributable to Jumei’s ordinary shareholders” is a non-GAAP financial measure defined as Non-GAAP net income attributable to Jumei’s ordinary shareholders divided by net revenues. See “Use of Non-GAAP Financial Measures.”

[6]

“Non-GAAP net income” is a non-GAAP financial measure defined as net income excluding share-based compensation expenses. See “Use of Non-GAAP Financial Measures.”

Mr. Leo Chen, founder and CEO of Jumei, stated, “We are pleased to report a solid recovery of our business as we record our eleventh consecutive quarter of profitability on a non-GAAP basis. While fourth quarter 2014 was a full transitional quarter during which we no longer had beauty product marketplace business, we are very encouraged by the strong first quarter 2015 outlook that we are able to share with you today. The particularly strong sequential and year-on-year net revenue guidance indicates a strong recovery driven by Jumei Global which witnessed rapid growth from late December 2014. Not only were we able to fully replace former beauty product marketplace SKUs with Jumei Global, we were also able to achieve what we believe is best-in-class quality control and customer satisfaction. Jumei passed every test with a 100% authenticity rating during multiple e-commerce product sampling tests performed by State Administration for Industry and Commerce in 2014. In a report published on March 13, 2015 by the China e-Business Research Center, a well-known independent e-commerce research firm, Jumei was among the two e-commerce companies out of 20 that achieved five star status and the highest levels of customer satisfaction in 2014. The report was based on a large sample size of approximately 100,000 customer feedback.

By offering direct purchase from brand, competitive pricing and fast delivery speed, Jumei Global is currently the largest cross border ecommerce platform in China and a crucial part of Jumei’s growth strategy in 2015. “

Unaudited Fourth Quarter 2014 Financial Results

Total net revenues were US$166.0 million, an increase of 18.5% from US$140.1 million in the fourth quarter of 2013. The increase was primarily attributable to the increase in the number of active customers and the shift from beauty product marketplace sales to merchandise sales.

Gross profit was US$50.4 million, a decrease of 15.4% from US$59.6 million in the fourth quarter of 2013. Gross profit as a percentage of net revenues decreased to 30.4% from 42.6% in the same period of 2013. Gross profit from merchandise sales as a percentage of net GMV of merchandise sales decreased to 25.3% from 31.9% in the same period of 2013, and gross profit as a percentage of net GMV decreased to 21.4% from 24.6% in the same period of 2013. The decrease was primarily due to the shift from beauty product marketplace sales to merchandise sales.

Total operating expenses were US$46.4 million, a decrease of 34.6% from US$70.9 million in the fourth quarter of 2013. Operating expenses as a percentage of total net GMV decreased to 19.7% from 29.3% in the same period of 2013. The decrease was mainly due to a one-time share-based compensation expense of US$30.2 million incurred in the fourth quarter of 2013, but none in the fourth quarter of 2014.

  • Fulfillment expenses were US$14.8 million, a decrease of 15.9% from US$17.6 million in the same period of 2013. Fulfillment expenses as a percentage of total net GMV decreased to 6.3% from 7.3% in the same period of 2013. The decline was primarily due to a percentage decrease of fulfilled orders over total orders.
  • Marketing expenses were US$19.9 million, an increase of 20.8% from US$16.5 million in the same period of 2013. Marketing expenses as a percentage of total net GMV increased to 8.5% from 6.8% in the same period of 2013. The increase was primarily a result of the higher number of marketing campaigns and brand promotion activities that Jumei launched during the quarter, and reflects the Company’s efforts to grow its customer base and further promotion.
  • Technology and content expenses were US$7.1 million, an increase of 115.3% from US$3.3 million in the same period of 2013. Technology and content expenses as a percentage of total net GMV increased to 3.0% from 1.4% in the same period of 2013. The significant increase reflects Jumei’s continuous investments in its information technology platform and the Company’s commitment to attract top research and development talent in order to provide better technology-enabled services to both consumers and merchants.
  • General and administrative expenses were US$4.6 million, a decrease of 86.3% from US$33.5 million in the same period of 2013. General and administrative expenses as a percentage of total net GMV decreased to 1.9% from 13.8% in the same period of 2013. The significant decrease was mainly due to a decrease in related share-based compensation expenses, which declined to US$0.6 million in the fourth quarter 2014 from US$30.5 million in the same period in 2013. The fourth quarter of 2013 included a one-time share-based compensation expense of US$30.2 million.

Income from operations was US$4.0 million, a significant increase from a loss from operations of US$11.3 million in the same period of 2013.

Non-GAAP income from operations, which excludes US$1.0 million in share-based compensation expenses, was US$5.0 million, a decrease of 74.8% from US$19.8 million in the same period of 2013.

Net income attributable to Jumei’s ordinary shareholders was US$10.7 million, which compares with a net loss attributable to Jumei’s ordinary shareholders of US$15.5 million in the same period of 2013, primarily due to the one-time share-based compensation expense of US$30.2 million in 2013, and the conversion of the Company’s preferred shares into ordinary shares at the completion of our initial public offering in May 2014. Net margin attributable to Jumei’s ordinary shareholders increased to 6.4% from negative 11.0% in the same period of 2013. Net income per basic and diluted ADS attributable to Jumei’s ordinary shareholders were both US$0.07, compared with net loss per basic and diluted ADS attributable to Jumei’s ordinary shareholders of both US$0.24 for the same period of 2013.

Non-GAAP net income attributable to Jumei’s ordinary shareholders, which excludes share-based compensation expenses, was US$11.7 million, a decrease of 25.5% from US$15.7 million in the same period of 2013. Non-GAAP net margin attributable to Jumei’s ordinary shareholders decreased to 7.0% from 11.2% in the same period of 2013. Non-GAAP net income per basic and diluted ADS attributable to Jumei’s ordinary shareholders were both US$0.08, compared with both US$0.25 in the same period of 2013.

Full Year 2014 Financial Results

Net GMV increased by 30.9% year-over-year to US$1.07 billion, primarily due to a 26.7% increase in the number of active customers and an 18.3% increase in total orders.

Net revenues increased by 31.0% year-over-year to US$632.9 million, primarily driven by the increases in active customers and total orders.

The number of active customers was 13.3 million, an increase of 26.7% from 10.5 million in 2013.

The number of total orders was 42.6 million, an increase of 18.3% from 36.0 million in 2013.

Gross profit increased by 25.3% to US$250.2 million from US$199.7 million in 2013. Gross margin decreased slightly to 39.5% from 41.3% in the prior year.

Income from operations increased to US$59.4 million from US$38.3 million in the prior year. Operating margin was 9.4% compared with 7.9% in the prior year.

Non-GAAP income from operations was US$65.7 million, compared with US$71.1 million in the prior year. Non-GAAP operating margin was 10.4%, compared with 14.7% in the prior year.

Net income attributable to Jumei’s ordinary shareholders was US$56.0 million, compared with US$15.8 million in the prior year. Net margin attributable to Jumei’s ordinary shareholders was 8.8%, compared with 3.3% in the prior year.

Net income per basic and diluted ADS attributable to Jumei’s ordinary shareholders were US$0.49 and US$0.45, compared with US$0.27 and US$0.19 in the prior year.

Non-GAAP net income was US$72.3 million, compared with US$57.8 million in the prior year. Non-GAAP net income attributable to Jumei’s ordinary shareholders was US$62.4 million, compared with US$48.6 million in the prior year. Non-GAAP net margin attributable to Jumei’s ordinary shareholders was 9.9%, compared with 10.1% in the prior year.

Non-GAAP net income per basic and diluted ADS attributable to Jumei’s ordinary shareholders were US$0.54 and US$0.50, compared with US$0.82 and US$0.58 in the prior year.

Balance Sheet

As of December 31, 2014, the Company had cash and cash equivalents of US$165.4 million, and short-term investments of US$412.6 million.

Business Outlook

For the first quarter of 2015, the Company expects total net revenues to be between US$224.5 million and US$232.3 million, representing a year-over-year growth rate of approximately 45% to 50%.

These forecasts reflect the Company’s current and preliminary view, which is subject to change.

Conference Call

Jumei’s management will host a conference call on Tuesday, March 17, 2015 at 8:30 a.m. U.S. Eastern Daylight Time (8:30 p.m. Beijing/Hong Kong Time on the same day) to discuss the financial results.

The dial-in details for the earnings conference call are as follows:

Hong Kong:

800-908-575 (Toll Free)

3056-2688 (Toll/Mobile)

China:

800-803-6152 (Toll Free)

400-603-9021 (Toll/Mobile)

USA:

1-877-679-2987 (Toll Free)

646-502-5131 (Toll/Mobile)

UK:

0800-376-2927 (Toll Free)

020-7660-2114 (Toll/Mobile)

Participant PIN Code:

887327#

Please dial in 10 minutes before the call is scheduled to begin and provide the passcode to join the call.

A telephone replay of the call will be available after the conclusion of the conference call through 12:00 a.m. U.S. Eastern Standard Time, April 14, 2015. The dial-in details for the replay are as follows:

Hong Kong and International:

852-3060-0238

USA:

1-866-345-5132

Passcode:

214732#

A live and archived webcast of the conference call will be available on the Investor Relations section of Jumei’s website at http://jumei.investorroom.com/.

Use of Non-GAAP Financial Measures

To supplement the consolidated financial statements presented in accordance with the United States Generally Accepted Accounting Principles (“GAAP”), Jumei uses non-GAAP income from operations, non-GAAP net income, non-GAAP net income attributable to Jumei’s ordinary shareholders, non-GAAP operating margin, non-GAAP net margin attributable to Jumei’s ordinary shareholders, and non-GAAP net income per ADS attributable to Jumei’s ordinary shareholders, by excluding share-based compensation expenses from operating profit, net income and net income attributable to the Company’s shareholders, respectively. The Company believes these non-GAAP financial measures are important to help investors understand Jumei’s operating and financial performance, compare business trends among different reporting periods on a consistent basis and assess Jumei’s core operating results, as they exclude certain expenses that are not expected to result in cash payments. The use of the above non-GAAP financial measures has certain limitations. Share-based compensation expenses have been and will continue to be incurred in the future and are not reflected in the presentation of the non-GAAP financial measures, but should be considered in the overall evaluation of Jumei’s results. The Company compensates for these limitations by providing the relevant disclosure of its share-based compensation expenses in the reconciliations to the most directly comparable GAAP financial measures, which should be considered when evaluating Jumei’s performance. These non-GAAP financial measures should be considered in addition to financial measures prepared in accordance with GAAP, but should not be considered a substitute for, or superior to, financial measures prepared in accordance with GAAP. Reconciliation of each of these non-GAAP financial measures to the most directly comparable GAAP financial measure is set forth at the end of this release.

About Jumei International Holding Limited

Jumei (NYSE: JMEI) is China’s No. 1 online retailer of beauty products as measured by gross merchandise volume, with a market share of 22.1% in 2013, according to a commissioned research report by Frost & Sullivan. Jumei’s internet platform is a trusted destination for consumers to discover and purchase branded beauty products, fashionable apparel and other lifestyle products through the Company’s jumei.com website and mobile application. Leveraging its deep understanding of customer needs and preferences, as well as its strong merchandizing capabilities, Jumei has adopted multiple effective sales formats to encourage product purchases on its platform, including curated sales, online shopping mall and flash sales.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other things, the business outlook and quotations from management in this announcement, as well as Jumei’s strategic and operational plans, contain forward-looking statements. Jumei may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (“SEC”) on Forms 20-F and 6-K, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Jumei’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company’s goals and strategies; the Company’s future business development, results of operations and financial condition; the expected growth of the Company’s curated sales, online shopping mall and flash sales in China; the expected growth of Jumei Global, the Company’s ability to attract and retain new customers and to increase revenues generated from repeat customers; its ability to obtain the authorization of more exclusive products; its expectations regarding demand for and market acceptance of its products and services; trends and competition in China’s online retailers of beauty products; fluctuations in general economic and business conditions in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Jumei’s filings with the SEC, including its registration statement on Form F-1, as amended. All information provided in this press release and in the attachments is as of the date of this press release, and Jumei does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For investor and media inquiries, please contact:

Jumei International Holding Limited
Mr. Sterling Song
Investor Relations Director
Phone: +86-10-5676-6983
kans@jumei.com

Christensen
In China
Mr. Christian Arnell
Phone: +86-10-5900-1548
E-mail: carnell@christensenir.com

In US
Ms. Linda Bergkamp
Phone: +1-480-614-3004
Email: lbergkamp@ChristensenIR.com


JUMEI INTERNATIONAL HOLDING LIMITED

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

(U.S. dollars in thousands, except share data and per share data)

December 31, 2013

December 31, 2014

US$

US$

ASSETS

Current assets:

Cash and cash equivalents

111,402

165,407

Short-term investments

4,100

412,555

Loan receivables

2,533

Accounts receivable, net

2,807

4,403

Inventories

32,653

101,613

Advances to suppliers

22,343

8,759

Prepayments and other current assets

9,289

32,852

Deferred tax assets

292

424

Total current assets

182,886

728,546

Noncurrent assets:

Property, equipment and software, net

5,394

8,289

Intangible assets, net

36

18

Goodwill

2,320

2,320

Deferred tax assets

2,706

1,497

Other non-current assets

1,969

2,645

Total non-current assets

12,425

14,769

Total assets

195,311

743,315

Current liabilities

Accounts payable

88,766

145,442

Amount due to related parties

280

Advances from customers

4,506

11,070

Short-term loan

1,611

Tax payable

16,264

13,661

Accrued expenses and other current liabilities

9,835

20,169

Total current liabilities

119,651

191,953

Non-current liabilities

Other non-current liabilities

843

Total non-current liabilities

843

Total liabilities

119,651

192,796

Mezzanine Equity

Series A-1 Redeemable Preferred Shares

647

Series A-2 Redeemable Preferred Shares

8,854

Series B Redeemable Preferred Shares

7,683

Total mezzanine equity

17,184

Shareholders’ equity:

Ordinary shares

20

36

Additional paid-in capital

32,652

459,108

Statutory reserves

449

451

Retained earnings

24,238

89,404

Accumulated other comprehensive income

1,117

1,260

Jumei’s shareholders equity

58,476

550,259

Noncontrolling interests

260

Total shareholders equity

58,476

550,519

Total liabilities, mezzanine equity and shareholders equity

195,311

743,315

JUMEI INTERNATIONAL HOLDING LIMITED

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME/ (LOSS)

(U.S. dollars in thousands, except share data and per share data)

For the three months ended

For the twelve months ended

December 31, 2013

September 30, 2014

December 31, 2014

December 31, 2013

December 31, 2014

US$

US$

US$

US$

US$

Net revenues:

Merchandise sales

118,220

138,559

154,676

413,050

546,384

Marketplace services

21,848

19,187

11,279

69,946

86,535

Total net revenues

140,068

157,746

165,955

482,996

632,919

Cost of revenues

(80,463)

(97,824)

(115,535)

(283,317)

(382,719)

Gross profit

59,605

59,922

50,420

199,679

250,200

Operating expenses:

Fulfillment expenses

(17,615)

(16,556)

(14,809)

(59,228)

(70,775)

Marketing expenses

(16,493)

(15,990)

(19,922)

(52,151)

(81,277)

Technology and content expenses

(3,302)

(6,043)

(7,110)

(10,023)

(22,090)

General and administrative expenses

(33,525)

(4,149)

(4,578)

(40,013)

(16,690)

Total operating expenses

(70,935)

(42,738)

(46,419)

(161,415)

(190,832)

Income/(loss) from operations

(11,330)

17,184

4,001

38,264

59,368

Other income/(expenses):

Interest income

254

5,320

4,971

916

13,381

Others, net

(17)

1,866

3,137

127

9,184

Income/(loss) before tax

(11,093)

24,370

12,109

39,307

81,933

Income tax expenses

(3,909)

(4,874)

(1,374)

(14,303)

(15,973)

Net income/(loss)

(15,002)

19,496

10,735

25,004

65,960

Net income attributable to noncontrolling interests

(36)

(36)

Net income/(loss) attributable to Jumei International
Holding Limited

(15,002)

19,496

10,699

25,004

65,924

Accretion to preferred share redemption value

(448)

(1,795)

(755)

Income allocation to participating Redeemable Preferred
Shares

(7,403)

(9,127)

Net income/(loss) attributable to Jumei’s ordinary
shareholders

(15,450)

19,496

10,699

15,806

56,042

Net income/(loss)

(15,002)

19,496

10,735

25,004

65,960

Foreign currency translation adjustment, net of nil tax

292

122

750

1,101

143

Total comprehensive income/(loss)

(14,710)

19,618

11,485

26,105

66,103

Comprehensive income attributable to noncontrolling
interests

(35)

(35)

Comprehensive income/(loss) attributable to Jumei
International Holding Limited

(14,710)

19,618

11,450

26,105

66,068

Net income per share attributable to Jumei’s ordinary
shareholders

– Basic

(0.24)

0.13

0.07

0.27

0.49

– Diluted

(0.24)

0.13

0.07

0.19

0.45

Net income per ADS attributable to Jumei’s ordinary

shareholders (1 ordinary share equals to 1 ADS)

Basic

(0.24)

0.13

0.07

0.27

0.49

– Diluted

(0.24)

0.13

0.07

0.19

0.45

Weighted average shares outstanding used in computing
net income per share attributable to Jumei’s ordinary

shareholders

Basic

63,987,598 63,987,598

144,712,235 150,594,342

144,781,590 150,120,447

59,475,739 83,196,788

115,090,686 125,217,054

– Diluted

For the three months ended

For the twelve months ended

December 31, 2013

September 30, 2014

December 31, 2014

December 31, 2013

December 31, 2014

US$

US$

US$

US$

US$

Share-based compensation expenses included are

follows:

Fulfillment expenses

231

243

243

382

955

Marketing expenses

184

278

(172)

481

1,629

Technology and content expenses

269

369

329

785

1,358

General and administrative expenses

30,474

618

599

31,144

2,423

Total

31,158

1,508

999

32,792

6,365

JUMEI INTERNATIONAL HOLDING LIMITED

UNAUDITED RECONCILIATION OF GAAP AND NON-GAAP RESULTS

(U.S. dollars in thousands, except share data and per share data)

For the three months ended

For the twelve months ended

December 31, 2013

September 30, 2014

December 31, 2014

December 31, 2013

December 31, 2014

US$

US$

US$

US$

US$

Income/(loss) from operations

(11,330)

17,184

4,001

38,264

59,368

Share-based compensation expenses

31,158

1,508

999

32,792

6,365

Non-GAAP income from operations

19,828

18,692

5,000

71,056

65,733

Net income/(loss) attributable to Jumei’s
ordinary shareholders

(15,450)

19,496

10,699

15,806

56,042

Share-based compensation expenses

31,158

1,508

999

32,792

6,365

Non-GAAP net income attributable to Jumei’s
ordinary shareholders

15,708

21,004

11,698

48,598

62,407

Non-GAAP net income per share attributable
to Jumei’s ordinary shareholders

– Basic

0.25

0.15

0.08

0.82

0.54

– Diluted

0.25

0.14

0.08

0.58

0.50

Non-GAAP net income per ADS attributable
to Jumei’s ordinary shareholders (1
ordinary share equals to 1 ADS)

– Basic

0.25

0.15

0.08

0.82

0.54

– Diluted

0.25

0.14

0.08

0.58

0.50

Non-GAAP weighted average shares
outstanding used in computing net income
per share attributable to Jumei’s ordinary
shareholders:

– Basic

63,987,598

144,712,235

144,781,590

59,475,739

115,090,686

– Diluted

63,987,598

150,594,342

150,120,447

83,196,788

125,217,054

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/jumei-reports-unaudited-fourth-quarter-and-full-year-2014-financial-results-300051113.html

Nestle Waters and Project WET Sign New 4-year Partnership and Come Together Again Globally for World Water Day on March 22nd, 2015

PARIS, March 16, 2015 /PRNewswire/ — World Water Day, organized each year on March 22nd by the United Nations, provides an opportunity for Nestle Waters and Project WET (Water Education for Teachers) to raise awareness about the importance of water conservation and hydration.

To view the Multimedia News Release, please click:
http://www.multivu.com/players/English/7463151-nestle-waters-wet-world-water-day/

Nestle Waters and the non-governmental organization Project WET have renewed their global partnership, facilitating the continued expansion of water education amongst educators and children around the world for another four years.  

“Two decades of support from Nestle Waters have enabled Project WET to bring hands-on, action-oriented water education to people in places that we could not have reached on our own. We are eager to continue to expand the scope of our work with Nestle Waters in this renewed partnership,” says Dennis Nelson, President and CEO of Project WET Foundation. 

Project WET  

Project WET is a US-based NGO that develops educational tools to increase water literacy around the world amongst educators and children.

20-year partnership: Nestle Waters first partnered with Project WET in 1992

#1 global water education organization

More than 30 years of experience in water education

300 original science teaching methods

Project WET Foundation

WWD 2010 – 2015 

2015  

34 countries mobilized
700* employees involved
9000* children educated
10 lessons

2010 

18 countries mobilized
169 employees involved
4645 children educated
8 lessons

*estimated data

About Nestle Waters: Founded in 1992, Nestle Waters is the water division of the Nestle Group. Nestle Waters employs more than 30,000 people and is present in 130 countries with a portfolio of more than 59 brands including Nestle Pure Life, Perrier, S. Pellegrino, Poland Spring, Vittel, Buxton, Erikli.

For more information on Nestle Waters

For more information on World Water Day

Video: http://www.multivu.com/players/English/7463151-nestle-waters-wet-world-water-day/

Pepsi(R) Challenges Darkness to Bring Light to Communities in Need with the Pepsi x Liter of Light “Ignite The Light” Tour

— First Global Challenge & Tour Stop Features Art Installation By World-Renowned Fashion Designer & Creative Director Nicola Formichetti in Hong Kong

PURCHASE, N.Y., March 16, 2015 /PRNewswire/ — #PEPSICHALLENGE — Pepsi® today challenges people worldwide to shine a light on those who live in darkness. As the first global initiative in its 2015 Pepsi® Challenge™ program, the iconic brand announces the Pepsi x Liter of Light “Ignite the Light” Tour — an international journey of creative, large-scale, mixed media art installations created by artists from around the world who will bring attention to communities that lack electricity and basic lighting solutions.

Photo – http://photos.prnewswire.com/prnh/20150315/181840  

In partnership with the Liter of Light organization and world-renowned fashion designer, creative director and fashion editor widely known for collaborations with Diesel and Lady Gaga, Nicola Formichetti, Pepsi reveals the first “Ignite the Light” installation in Hong Kong. Unveiled on March 15th and open to the public for a limited time at the PMQ Courtyard, Formichetti’s piece titled “Ao Dress” is a physical example of the symbiotic relationship between light and material.

“It’s important that the fashion and art industries work hand in hand and help each other, as each world now collides. I’m very much inspired by the art world mixing with my fashion angle, so it’s exciting to be able to have a hand in both through the Pepsi x Liter of Light ‘Ignite the Light’ Tour,” said Formichetti. “For my piece, ‘Ao Dress,’ I was inspired by Mother Nature — the embodiment of renewal, birth and the light of infinite possibility. What could be better than repurposing Pepsi bottles into something that helps people who go without the most basic of human needs, such as electricity and light. Pepsi is literally helping bring people out of the darkness and into the light, and that is something I can stand behind with conviction.”

“Ao Dress” is an out-of-this-world gown with body architecture crafted from light and Pepsi bottles. Inspired by “Ao” the Goddess of Light, the truly alchemistical fashion spectacle observes the beautiful nature of the liquid diffused glow of Liter of Light solar lights and creates a futuristic silhouette that stands as a celebration of the project. Formichetti’s team collaborated with fashion and technology company Studio XO and production company Prettybird to bring his vision to life.

“Through the ‘Ignite the Light’ Tour with Liter of Light, we’re infusing the fun and excitement of the Pepsi Challenge with a focused purpose — helping our consumers around the world achieve their desire to make an impact,” said Kristin Patrick, Senior Vice President and Chief Marketing Officer, PepsiCo Global Beverage Brands. “Our work with Liter of Light is the connective tissue throughout the Pepsi Challenge program and we’re challenging ourselves, our artist partners and our consumers to draw attention to this vital need. To act and to make a real difference.”

Pepsi Challenge is a call to today’s generations to live life to the fullest and make every moment–big or small–epic. Throughout 2015, Pepsi Challenge unleashes a variety of global and local challenges designed to galvanize consumers to push themselves farther, dream a little bigger and “Live for Now.” Challenges will be issued on Pepsi social channels, PepsiChallenge.com and via global and local ambassadors.

Underpinning and uniting each and every #PepsiChallenge is a way for people around the world to make an impact. Through the partnership with Liter of Light, Pepsi will bring cost effective solar lighting solutions to communities in need while recycling plastic bottles. Every time consumers around the world use the #PepsiChallenge hash tag on public Instagram, Facebook, Twitter or YouTube profiles, Pepsi will donate $1 to Liter of Light to help bring environmentally-friendly, inexpensive and easy to make lights to those around the world who need it most.

To date, Liter of Light has provided ecologically-sustainable lighting solutions, including nighttime lighting solutions and public lighting such as street lights, to more than 18 countries including Brazil, India, Kenya, Colombia, Indonesia, Mexico, Egypt, Pakistan and the Philippines. Using empty recycled plastic bottles, water and chlorine, Liter of Light creates innovative “bottle lights” — a 55-watt solar bulb, with zero carbon emissions, that refracts sunlight and is powerful enough to light up a home.

“Light is not only a great need, but also a great inspiration, for so many,” said Illac Diaz, Liter of Light Founder. “The Pepsi Challenge program and its ‘Ignite the Light’ global challenge sheds light on our great mission in inspiring, beautiful and visually stunning ways — both physically with the artistic light installations around the world, as well as the great impact and movement made through our partnership with Pepsi.”

As a global ambassador for the Pepsi Challenge, Formichetti has challenged select artists around the world to take his lit torch and create the next “Ignite the Light” installation. Up to five “Ignite the Light” installations will be unveiled throughout the year around the world. Visit www.PepsiChallenge.com for more information.

About PepsiCo
PepsiCo products are enjoyed by consumers one billion times a day in more than 200 countries and territories around the world. PepsiCo generated more than $66 billion in net revenue in 2014, driven by a complementary food and beverage portfolio that includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. PepsiCo’s product portfolio includes a wide range of enjoyable foods and beverages, including 22 brands that generate more than $1 billion each in estimated annual retail sales. At the heart of PepsiCo is Performance with Purpose – our goal to deliver top-tier financial performance while creating sustainable growth in shareholder value. In practice, Performance with Purpose means providing a wide range of foods and beverages from treats to healthy eats; finding innovative ways to minimize our impact on the environment and reduce our operating costs; providing a safe and inclusive workplace for our employees globally; and respecting, supporting and investing in the local communities where we operate. For more information, visit www.pepsico.com.