Business
Cosmos Health Announces Strategic Collaboration with C.A.PAPAELLINAS Group
CHICAGO, IL / ACCESSWIRE / September 20, 2023 / Cosmos Health Inc. ("Cosmos Health" or the "Company'') (NASDAQ:COSM), a diversified, vertically integrated
About this update from Cosmos Health Inc.
[{"type":"text","content":"CHICAGO, IL / ACCESSWIRE / September 20, 2023 / Cosmos Health Inc. (\"Cosmos Health\" or the \"Company'') (NASDAQ:COSM), a diversified, vertically integrated global healthcare group engaged in innovative R&D, owner of proprietary nutraceutical brands, manufacturer and distributor of healthcare products, and operator of a telehealth platform, announced today that it has entered into a strategic collaboration with C.A.PAPAELLINAS Group.The decision was taken in light of the successful initial agreement between Cosmos Health and Holland & Barrett, one of the world's leading health and wellness retailers and the largest in Europe, which is operated exclusively by C.A.PAPAELLINAS Group in Cyprus.C.A.PAPAELLINAS Group will, from now on, represent and distribute Cosmos Health's proprietary brand of nutraceuticals, Sky Premium Life, not only in Holland & Barrett but also in pharmacies throughout Cyprus. Cosmos Health has completed the shipment of its first purchase order in the context of this strategic collaboration.Established in 1929, C.A.PAPAELLINAS Group is a leading importer and distributor of beauty, pharmaceutical and consumer products, representing a wide range of brands from Panadol, Sensodyne and Kleenex to Adidas, Chanel and Hermes, and operating retail stores including Beauty Line, Holland & Barrett, Yves Rocher and Butterfly Beauty Store. The Group has an annual turnover exceeding €200 million and employs more than 600 people.Cosmos Health will benefit from C.A.PAPAELLINAS Group's leading distribution network of pharmaceutical products in Cyprus, delivering daily to pharmacies. This also creates an excellent opportunity for Cosmos Health to promote additional products within its portfolio of proprietary branded products, which was amplified following the acquisition of Cana Laboratories.Greg Siokas, Chief Executive Officer of Cosmos Health, stated: \"We are thrilled to have entered into a strategic agreement with the highly reputable C.A.PAPAELLINAS Group, a market leader with an extensive distribution network throughout Cyprus. Agreements like this should help us accelerate penetration in markets and regions across Europe and beyond.\"Christos Papaellinas, Chief Executive Officer of C.A.PAPAELLINAS Group, stated: \"We are excited to expand our collaboration with Cosmos Health by also rolling out the Sky Premium Life brand...