BeFra clarifies Investing.com sale of Mexico City office building



Guadalajara, Mexico, April 29, 2024 /PRNewswire/ — Betterware Mexico, CV SAPI (Nasdaq: BWMX) (“BeFra” or the “Company”), Bevela Group Clarification Company agrees to sell Jafra Mexico office building mexico cityfollowing now Bloomberg and Lenea exist April 25, 2024 have the right “Betterware cancels acquisition of Jafra headquarters mexico city.

According to the company's first quarter 2024 earnings press release, also dated April 25, 2024, Jafra México has reached an agreement to sell the property, the net proceeds of which will be received over the next three years and used to reduce the group’s outstanding debt. It is worth noting that the office building for sale no longer meets the company's needs.

As conveyed in the company's earnings press release, the agreed-upon sale amount for the property was Ps. 385.7 million. Jafra México will vacate its location in June 2024 and moved its headquarters to a leased office building. The new location features flexible design, integrated technology, energy efficiency and a focus on employee well-being; all of which are critical to staying competitive and attracting top talent. The transaction is consistent with the sale of non-strategic assets as part of Jafra México's acquisition strategy.

About Betterware

Betterware de was founded in 1995 Mexico is a leading direct-to-consumer company Mexico Focused on providing innovative products that solve specific needs related to home organization, practicality, space saving and hygiene. Through the acquisition of JAFRA April 7, 2022the company now offers leading direct-to-consumer brands in the beauty market Mexico and USA Offering fragrances, makeup and cosmetics, skin careand toiletries. The combined company has an asset-light business model with low capital expenditure requirements, strong profitability, double-digit revenue growth and good free cash flow generation. Today, the company distributes its products in the following regions: Mexicoand through recent acquisitions it now has USA Through JAFRA’s product portfolio.

Cautionary Statement Regarding Forward-Looking Statements

Matters discussed in this press release may constitute forward-looking statements. Forward-looking statements include statements regarding plans, goals, objectives, strategies, future events or performance as well as underlying assumptions and other statements that differ from statements of historical fact. Words such as “believe,” “anticipate,” “intend,” “estimate,” “potential,” “may,” “should,” “anticipate,” “pending” and similar expressions identify forward-looking statements. The forward-looking statements in this press release are based on various assumptions. Although we believe these assumptions are reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies that are difficult or impossible to predict and are beyond our control , therefore we cannot assure you that we will achieve or achieve these expectations.

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