- Wellness and Beauty Solutions’ (WNB) subsidiary has signed a distribution agreement for LA-based nailcare brand, ORLY
- For the last 45 years, ORLY has provided a range of tools, nail products and polishes to prep, nourish and protect nails
- Importantly, the products are free of ingredients which can cause brittle and fragile nails, skin irritation, and allergic reactions
- Over the three year agreement, WNB’s spinoff will have to meet increasing sales targets — $200,000 in year one, $500,000 in year two, and $1 million in year three
- Additionally, either party can terminate the agreement within 60 days in the event of a breach of contract
- ORLY will be available on the subsidiary’s website from December 1
- WNB is up a healthy 20 per cent on the market, with shares currently trading for 0.6 cents
Wellness and Beauty Solutions’ (WNB) subsidiary, The Giving Brands Company (GBCo), has signed a distribution agreement for LA-based nailcare brand, ORLY.
For the last 45 years, ORLY has provided a range of tools, nail products and nail polishes that prep, nourish and protect nails.
The products are free of DBP, formaldehyde and toluene which can cause brittle and fragile nails, skin irritation, allergic reactions, as well as headaches and dizziness in some cases.
“From the conception of timeless nail looks to cutting-edge nail colour, treatments, textures and design, ORLY meets the style needs of women in over 100 countries with the finest and safest ingredients,” WNB Managing Director Christine Parkes said.
“ORLY was the first company to develop the original French Manicure in the 1970s. It was the cornerstone of the company’s rapid growth with models on the catwalk in Paris and starlets in Hollywood quickly adopting the new look. This is an exciting addition to our GBCo consumer brands portfolio,” she added.
Over the three year agreement, increasing minimum annual sales targets of $200,000, $500,000, and $1 million must be met.
Additionally, either party can terminate the agreement in the event of breach of contract within 60 days of the event happening.
ORLY will be available on the GBCo website from December 1.
WNB is up a healthy 20 per cent on the market, with shares trading for 0.6 cents at 1:37 pm AEDT.