São Paulo, Brazil, 26 October, 2015 - CEVA Logistics, one of the world’s leading supply chain companies, today announced an exciting expansion into the beauty industry in Brazil with the signing of a new agreement with Sephora, a cosmetics retailer owned by LVMH, (Moët Hennessy Louis Vuitton) the world's leading luxury goods group.
Under the contract, CEVA will consolidate a variety of cosmetic products such as make-up, fragrances, hair care products, accessories, body and bath products and its own brand, Sephora Collection, from 40 distribution points within Brazil into one of CEVA’s multi-user sites located just outside of São Paulo. In order to meet Sephora´s strict requirements CEVA has invested heavily in climate control infrastructure to enable the storage and handling of over 7,000 SKU and approximately three million individual order items each year. CEVA will manage the inbound, warehousing, outbound and reverse logistics to Sephora stores across the country.
According to Fabio Goncalves, Supply Chain Regional Director for Sephora: “We are very happy to enter this partnership with a recognized global player in the 3PL business. As we plan to grow in Brazil we can see that CEVA will support this growth and be an excellent partner to deliver our needs. “We chose CEVA because we needed a dynamic 3PL who could respond to our needs and precisely tailor their service offering to the fast-moving needs of a cosmetic house. Every second counts for us and the seconds with accuracy which CEVA will deliver are even better”.
“At CEVA, we understand that high service levels and a streamlined supply chain process are the keys to supporting Sephora’s aggressive growth plan in the country. We are delighted to establish this new relationship with them. Our focus will be to ensure that their products are always readily available and on the shelf to meet real-time consumer demand,” says Richard Vieites, Managing Director for CEVA in South America.
“Not only are we proud to celebrate this partnership with Sephora, but we are equally proud to bring such a fashionable icon into CEVA´s portfolio of cosmetics and healthcare customers. With this contract we further our objective of diversifying our Sector portfolio” adds Fabio Mendunekas, CEVA’s Vice President of Business Development, South America.
For more information please contact:
Juliana Hatz, CEVA
T +55 11 3556-2646
Pilot Marketing, London
T +44 (0)208 941 5381
CEVA - Making business flow
CEVA Logistics, one of the world’s leading non-asset based supply-chain management companies, designs and implements industry leading solutions for large and medium-size national and multinational companies. Approximately 42,000 employees in more than 170 countries are dedicated to delivering effective and robust supply-chain solutions across a variety of sectors where CEVA applies its operational expertise to provide best-in-class services across its integrated network. For more information, please visit www.cevalogistics.com.
SAFE HARBOR STATEMENT:
This news release may contain forward-looking statements. These statements include, but are not limited to, discussions regarding industry outlook, the Company’s expectations regarding the performance of its business, its liquidity and capital resources, its guidance for 2015 and beyond, and the other non-historical statements. These statements can be identified by the use of words such as “believes” “anticipates,” “expects,” “intends,” “plans,” “continues,” “estimates,” “predicts,” “projects,” “forecasts,” and similar expressions. All forward-looking statements are based on management’s current expectations and beliefs only as of the date of this press release and, in addition to the assumptions specifically mentioned in the above paragraphs, there are a number of factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements, including the effect of local and national economic, credit and capital market conditions, a downturn in the industries in which we operate (including the automotive industry and the airfreight business), risks associated with the Company’s global operations, fluctuations and increases in fuel prices, the Company’s substantial indebtedness, restrictions contained in its debt agreements and risks that it will be unable to compete effectively. Further information concerning the Company and its business, including factors that potentially could materially affect the Company’s financial results, is contained in the Company’s annual and quarterly reports, available on the Company’s website, which investors are strongly encouraged to review. Should one or more of these risks or uncertainties materialize or the consequences of such a development worsen, or should underlying assumptions prove incorrect, actual outcomes may vary materially from those forecasted or expected. CEVA disclaims any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise.