Nuchev enters into Agency Agreement with H&S and Brauer

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Stock Nuchev Ltd (NUC.ASX)
Release Time 1 May 2025, 11:16 a.m.
Price Sensitive Yes
 Nuchev enters into Agency Agreement with H&S and Brauer
Key Points
  • Exclusive sales agency agreement with Brauer and H&S in Australia
  • Focus on Australian pharmacies, grocery stores, and health food stores
  • Contract from May 2025 to December 2025
  • Potential to move to an exclusive Sales Distribution Agreement for ANZ market
Full Summary

Nuchev Limited (Nuchev) has entered into an exclusive sales agency agreement with Brauer Natural Medicines Pty Ltd (Brauer) and H&S Brand Corporation Pty Ltd (H&S) in Australia. The agreement covers the sale of certain products produced by Brauer and H&S, including the Brauer, Skin Physics, and Rapid Loss ranges. The focus will be on Australian pharmacies, grocery stores, and health food stores, while Brauer and H&S will continue to manage online channels in Australia and overseas. The contract commences in early May 2025 and runs until 31 December 2025. Nuchev will receive revenue on a monthly basis from Brauer and H&S in the form of commission based on a proportion of sales made, with a minimum retainer to cover incremental costs. There is also potential to move to an exclusive Sales Distribution Agreement for the Australia and New Zealand (ANZ) market, which would add to Nuchev's topline revenue and scale, subject to the parties reaching agreement on the terms. Nuchev aims to leverage its sales and operations capability in ANZ and Brauer's brand equity in the natural and complementary medicines sector. This will further expand Nuchev's product portfolio in Australia with the potential to expand into New Zealand through its existing business relationships.