PR90578

SINGAPORE,July12,2021/PRNewswire=KYODO JBN/--

It could not be timelier for LUXASIA to win the prestigious Singapore's Best

Managed Companies award from Deloitte this year. On its significance, Dr

Wolfgang Baier, Group CEO of LUXASIA, says, "This award is a compelling

endorsement of our transformation efforts, investments, and results achieved

over the last 5 years. This success is due to our open 'One Team' culture

shared by more than 2000 talents across 15 markets. We were able to merge

professional management expertise and deep digital capabilities, with LUXASIA's

core entrepreneurial spirit and luxury excellence spanning over 4000

points-of-sale. This prestigious recognition by Deloitte, especially after its

rigorous assessment, is testament to our relentless drive in building the

leading beauty omni-distribution platform in Asia Pacific."

The inaugural Singapore edition of the awards is derived from Deloitte's global

Best Managed Companies awards program, whose rigorous assessment framework is

founded on more than 25 years of global practice in 37 countries, evaluating

business factors such as strategy, quality of management, capabilities &

innovation, culture & commitment, as well as governance & financials. LUXASIA

very proud to receive this prestigious award.

For luxury and niche beauty brands, Asia Pacific is the place to be and to

enter now. Its luxury beauty market is slated to have the highest growth rate

globally driven by a growing middle-class, increasingly discerning consumers,

high mobile penetration, and accelerated social and online commerce growth.

LUXASIA's unique and extensive omnichannel network facilitates very quick

market entries, hyper growth journeys, and impactful consumer engagements.

On the bright future ahead, Mr Patrick Chong, Chairman of LUXASIA, affirms, "We

are now ready to push ahead with our plans to grow our geographical footprint,

developing and investing in new frontiers. The transformed LUXASIA is even

better poised to help luxury beauty brands unlock the full potential of Asia

Pacific and make them successful." LUXASIA's core competencies as a omnichannel

distribution platform span luxury retail, e-commerce, social commerce,

distribution, and data-driven consumer marketing. With these, LUXASIA now

delivers greater value to all brand partners.

Concluding on a note of gratitude, both Mr Chong and Dr Baier say, "We would

like to thank our more than 120 luxury beauty brand partners, as well as our

myriad of retail and trade partners across the region, for their deep trust and

strong support all these years."

Contact:

Brynner Jananto

brynnerjananto@luxasia.com

T:+65-6488-8928/M:+65-9856-7597

Source:LUXASIA

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   Link: http://asianetnews.net/view-attachment?attach-id=395954

   Caption: Chairman Mr Patrick Chong & Group CEO Dr Wolfgang Baier of LUXASIA receiving

the Singapore’s Best Managed Companies award, conferred by Deloitte