G&J, a professional distributor announced on November 17 that it obtained a venture company certification on November 3, 2017 by Ministry of SMEs and Startups (MSS) in South Korea.
G&J is a Korean sole distributor of Shark/Ninja and produces and sells the products of SOLLUME ESTHÉ, a professional beauty brand and has acquired the venture company certification in a short period of one year after corporate establishment.
Currently, Shark/Ninja NINJA BLENDER has been expanding its sales channels to major home shopping companies in Korea, such as GS, Hyundai, and CJ, since launching at Lotte Home Shopping in August 2015, achieving annual sales of 20 billion won. In 2017, it has set up 779 offline stores, including major domestic department stores, such as Lotte, Shinsegae, and Hyundai, as well as large retail outlets, such as Samsung and LG Home Electronic Appliances stores and E-Mart Traders. The offline stores alone have achieved sales growth of 600%.
In addition, G&J is currently preparing to launch additional kitchen lines, NINJA COFFEE BAR and NINJA COOKER, and also plans to launch wireless vacuum cleaners for Shark, which achieved the highest customer satisfaction rating (source: JD POWER) in the US division of upright vacuum cleaners in 2017, and is expected to serve as another revenue trail.
Furthermore, SOLLUME ESTHÉ, a professional beauty brand as a strategic product for the future of G&J, is currently being marketed around the Chinese market, and has been marking an average record of 100% only based on LED masks, its main product group, through Chinese Home Shopping networks.
Representative, SEO, Dong Myoung said "We will spare no effort for the growth of our firm with the acquisition of the venture company certification," and he also added, "we will expand our global business in China, Japan, and the USA as well as in Korea."