We are pleased to share Wellnex Life (ASX:WNX), owner and developer of some of Australia's leading health brands, has recently published an exciting ASX announcement.
Wellnex Life Limited (ASX:WNX) (“Wellnex” or “the Company”) is pleased to announce a significant milestone in the expansion of the Pain Away brand. After a long absence in the New Zealand market, Wellnex Life has successfully reintroduced the Pain Away brand through a strategic partnership with Chemist Warehouse New Zealand. This month, Wellnex Life has supplied its first order of seven Pain Away products to the Chemist Warehouse New Zealand network.
Since acquiring the Pain Away brand, Wellnex Life has been actively engaged in discussions with Chemist Warehouse New Zealand to reinstate the brand's presence in the country. Chemist Warehouse New Zealand has shown great enthusiasm for the Pain Away products and has agreed to stock seven products across its stores.
This reintroduction marks a significant step in Wellnex Life's export growth strategy for the Pain Away brand, known for its high margins. Expanding into the New Zealand market is part of Wellnex Life's broader plan to grow its distribution channels and increase revenue.
Wellnex Life continues collaborating with other partners to further expand the Pain Away brand's presence in New Zealand and other international markets.
WNX Managing Director, Zack Bozinovski said:
"The New Zealand market is a crucial growth strategy for us and we are excited to reintroduce our product range through the Chemist Warehouse New Zealand network."
Congratulations to George Karafotias, Zack Bozinovski, the board and the team at Wellnex Life for reaching this significant milestone.
Read the full Wellnex Life ASX announcement here.
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