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Established Jewelry Design & Sales Company for Famous Bergio Brand.
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Acquisition of GearBubble, a Global E-Commerce Fulfillment Platform.
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BRGO is On Target for 5000% Gross Sales Increase in 2021.
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Recently Acquired Aphrodite’s, a Global Jewelry e-Tailer That Has Done $31 Million in Sales in 3.5 Years.
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GearBubble and Aphrodite’s Acquisitions Projected to Bring BRGO Revenues to $30 Million for 2021.
Bergio International, Inc. (BRGO) is a global leader in jewelry design and manufacturing. The Bergio brand, the primary portfolio asset, is associated with high-quality, handcrafted, and individually designed pieces with a European sensibility, Italian craftsmanship, and a bold flair for the unexpected.
Established in 1995, the BRGO signature innovative design, coupled with extraordinary diamonds and precious stones, earned the company recognition as a highly sought-after purveyor of rare and exquisite treasures from around the globe. With family jewelry roots reaching back to the 1930s, BRGO founder, CEO, and designer Berge Abajian is a third-generation jeweler, blending superior knowledge in design and manufacturing to create unparalleled collections in craftsmanship and style. The BRGO Berigo brand features fine jewelry, silver fashion jewelry, bridal, couture, and leather accessories, ranging in price from $50 to $250,000.
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BRGO Acquires GearBubble, a Global E-Commerce Fulfillment Platform
On July 8th BRGO announced that it had officially acquired controlling interest for assets of the global e-commerce company GearBubble for $3.162 million. The addition of 51% of GearBubble’s assets purports to increase BRGO gross sales, adding an additional estimated $20 million. With this purchase, alongside the acquisition of Aphrodite’s in February, BRGO is estimated to have a 5000% increase in gross revenue this year
GearBubble is a B2B e-commerce fulfillment platform that works to improve the customer experience through integration with Amazon, Etsy, and more. In 2020 alone, the company had $27 million in revenue and was profitable. Although GearBubble has sold jewelry in the past, the past inventory lacked quality and they did not have the right vendor to meet high demand. By joining BRGO, they will get access to high quality jewelry with stunning and unique designs for an affordable cost. Their demand will also be met due to BRGO vertical integration, control over the manufacturing, and speed of production.
For more information on GearBubble visit their website at https://www.gearbubble.com.
BRGO is a major competitor in the jewelry industry in design and manufacturing, but the acquisition of GearBubble looks to make the company a further authority in the e-commerce space. GearBubble gives BRGO access to all of its B2B customers and in turn their B2C customers, which allows for a widened reach to an entirely new customer base.
The advantages do not end there. GearBubble also opens the doors to countless new product categories, especially in the gifting category. This allows BRGO to utilize the e-commerce technology from GearBubble – along with Aphrodite’s technology- to expand its footprint online to sell directly to consumers, especially in the bridal jewelry niche. The pandemic greatly impacted this segment with a spike in engagement ring sales, an increase in the overall ticket price, and a major shift to online shopping. The current online jewelry market only has three major websites selling diamond bridal jewelry direct to consumers. BRGO intends on not only joining, but also standing out in this specific industry. It will be the only vertically integrated company on the market, allowing for competitive pricing and significantly higher quality. This expansion is expected to lead to exceptional and industry-shaking growth for BRGO.
The transaction between BRGO and GearBubble is a transformative one. BRGO paid in cash and acquired 51% of the company’s assets with no lasting debt. GearBubble only furthers the BRGO ascension to the top of the jewelry industry. With GearBubble, BRGO projects to increase its yearly revenue of 2021 to an additional $20 million, but that is not including Aphrodite’s nor BRGO profits. The trinity of GearBubble, Aphrodite’s, and BRGO will likely bring in $30 million for 2021. The year 2022 will be the first full year the three will have worked together, which will have a powerful impact on profits for the company.
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BRGO on Target for 5000% Gross Sales Increase in 2021
On June 15th BRGO announced it is on track to show an estimated 5000% increase in gross sales for this year. While BRGO is set to increase sales from the previous year, the large impact will come from the newly acquired Aphrodite’s anticipating an estimated $9 million in gross sales and GearBubble with an anticipated $20 million in gross sales.
BRGO purchased the Aphrodite’s brand for $5 million in February. These two recent acquisitions, along with BRGO sales, are projected to bring in approximately $30 million in gross sales for 2021.
Aphrodite’s is an impressively fast-growing e-tailor for jewelry. The company had $31 million in sales in 3.5 years, which includes $10 million in sales during the pandemic in 2020. GearBubble is a B2B e-commerce fulfillment platform that assists in improving the customer purchasing experience on sites such as Amazon, Etsy, and others. BRGO acquired Aphrodite’s and GearBubble to greatly increase the bottom line while assisting the two brands with their operations and manufacturing. Aphrodite’s and GearBubble brings the most skilled tech teams that will allow BRGO to expand their ecommerce footprint and compete with the top online fine jewelry brands.
BRGO has an unwavering focus on providing all of its customers with authentic and uniquely designed jewelry. Every piece is crafted carefully and is never created with a previous piece of the company’s or its competitors in mind. All BRGO jewelry is made with the finest gems and stones while keeping the customer in mind. BRGO management understands that each customer is different, so each piece of jewelry they wear should be.
The vertical integration will not only allow increased profits, but it will also create more favorable outcomes. It will prospectively allow better quality and lower pricing on the jewelry. All sales figures and data are preliminary, unaudited, and are based on the information currently available to BRGO through its internal daily sales reporting system.
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BRGO Releases Mother’s Day Sales for Aphrodite’s
On May 19th BRGO released preliminary Mother’s Day sales results for Aphrodite’s, a global e-tailer recently acquired for $5 million. For the 2021 Mother’s Day sales period from April 1, 2021, through May 9, 2021, the gross sales were over $1.488 million. With over 31,000 online orders, Aphrodite’s had a gross margin north of 80% and a gross profit of just under $245,000.
As the world continues to recover from the pandemic, BRGO continues to see increased online purchasing trends gaining permanent traction. BRGO also saw an increase in margins due to vertical integration after its acquisition. The Mother’s Day sales period was a very positive start to the second quarter of 2021 for BRGO.
For more information on Bergio International, Inc. (BRGO) visit www.bergio.com.
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Media Contact
Company Name: BERGIO INTERNATIONAL, INC.
Contact Person: Media Relations
Email: Send Email
Phone: (973) 227-3230
Address:12 Daniel Road
City: East Fairfield
State: NJ 07004
Country: United States
Website: www.bergio.com
