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0.023041474654378 0.0184331797235023 0.0184331797235023 -0.00921658986175116 0.00460829493087568 -0.0368663594470044 -0.0875576036866358 -0.243364055299539
Stock impact report

Jeffs’ Brands Targeting the $2 Billion Market of Pest Control Products by Signing a Non-Binding Term Sheet with an Amazon.uk Market Leader

Jeffs' Brands Ltd (JFBR) 
Company Research Source: GlobeNewswire
 The UK company had Approximately $6 Million Revenues in 2021 and purchase price expected to be approximately $2.5 million Tel Aviv, Israel, Nov. 23, 2022 (GLOBE NEWSWIRE) -- Jeffs' Brands Ltd (“Jeffs’ Brands” or the “Company”) (Nasdaq: JFBR), a data-driven e-commerce company operating on the Amazon Marketplace, today announced that it has entered into a non-binding term sheet (the “Term Sheet") with a company incorporated in England engaged in the sale of pest control products through Amazon.uk ("the UK Company"). As contemplated by the Term Sheet, Jeffs' Brands will acquire the UK Company and its five private label brands, currently being sold on Amazon.uk, for approximately $2.5 million in cash. The UK Company is a market leader in pest control products sold on Amazon.uk in several market niches – one brand is showing its dominance over the “moth trap and rat trap” market niche on Amazon.uk with a market share of 35.7% and 26.5%, respectively, as of July 2022. T Show less Read more
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