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Anagenics ( (AU:AN1) ) has provided an update.
Anagenics Limited has reported strong performance for Bouf Haircare, a brand developed using its proprietary technology and launched by York Street Brands. Following its successful launch, Bouf Haircare is projected to generate $2.3 million in sales in its first quarter, with expectations to reach $9 million in its first year, surpassing initial forecasts. This success underscores Anagenics’ effective licensing model and the potential for increased profitability through royalty streams, especially with possible international expansion. The launch also highlights York Street Brands’ capability in bringing innovative products to market, further solidifying Anagenics’ position in the industry.
More about Anagenics
Anagenics Limited is a health, beauty, and wellness company that enhances shareholder value through the global distribution and sales of its proprietary and licensed brands. The company specializes in differentiated, clinically validated anti-aging solutions, with its subsidiary BLC Cosmetics Pty Ltd focusing on the sales and distribution of leading Australian and international cosmetic and wellness brands.
Current Market Cap: A$1.99M
Learn more about AN1 stock on TipRanks’ Stock Analysis page.