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Joyou AG: New shareholder structure strengthens global cooperation with Grohe
The major shareholders are committed to the listing of Joyou AG in the Prime Standard of the Frankfurt Stock Exchange. A delisting or downlisting to a lower level stock market segment is not intended.
In line with the long lasting and successful cooperation between Messrs. Cai and the Grohe Group, the parties intend to further intensify their joint activities and enhance the companies' international positioning. "Our aim is to create a house of brands operating under Grohe and Joyou on a global perspective. I am convinced that Joyou and the Grohe Group will mutually benefit from each other in regards to technology as well as to cooperation in sourcing and distribution," says Jianshe Cai, CEO of Joyou AG. "We are delighted to bring two great companies closer together to better leverage each others expertise. Joyou will help expand Grohe sales in China and Grohe Group will help Joyou to become a successful international brand," he adds.
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