Reebonz Launches New ‘Sell to Reebonz’ Service to Make Selling as Easy as Buying
May 17 2019 - 10:15AM
Reebonz Holding Limited (the “Company” or “Reebonz”; Nasdaq: RBZ),
today announced that it has unveiled a new service called “Sell to
Reebonz” that gives all luxury consumers an alternative way to sell
their pre-owned designer products. While Reebonz users have always
been able sell their products through the Company’s platform, the
new service essentially eliminates a common frustration among
sellers when the selling process or payment period occasionally
become drawn-out due to protracted negotiations or buyer interest.
“Sell to Reebonz” is a simple, trusted and seamless way for someone
to sell their coveted luxury product, and help provide a
sustainable way to transfer ownership.
With a constantly growing list that currently
includes over 30,000 designer items, consumers can browse the Sell
Catalog (https://www.reebonz.com/sg/sell), match their item, and
swiftly exchange it for spending credits that can be used for their
next purchase on Reebonz.com. Customers can receive credits within
24 hours based on the guaranteed price shown on the Sell Catalog,
subject to final condition of the item. The service is currently
being tested in Singapore, and is expected to be rolled out to new
markets in the future.
Samuel Lim, CEO of Reebonz, commented, “The
luxury resale market will continue to evolve with the rise of
mindful consumerism. With this launch, we aim to provide all
shoppers with a more transparent and flexible option to sell their
products. It not only gives them a faster ability to buy and sell
the products they love, but also promotes greater sustainability
without compromising on quality and the overall shopping
experience. Selling can truly be as easy as buying if we allow it
to. Our mission from the start has been to make luxury accessible
to everyone by building a trusted ecosystem that seamlessly
connects buyers and sellers. We are constantly working to enhance
the efficiency of our existing capabilities and develop innovative
new value-added services that deliver an uncompromising experience
to our members.”
About Reebonz Headquartered in Singapore and
founded in 2009, Reebonz (pronounced “ribbons”) is the trusted
online marketplace and platform for buying and selling new and
pre-owned luxury products in the Asia Pacific region. Leveraging
data and technology, Reebonz makes luxury accessible by operating
as an eco-system of B2C e-tail and B2C marketplace for over 1,000
brands and 172 boutiques, supported by C2C marketplaces that enable
individuals to sell through its platform. With an easy
shopping experience, members can enjoy convenient access to the
selection of products that Reebonz sources as well as from a
curated collection of multi-brand luxury boutiques from all around
the world. Forward-Looking and Cautionary
Statements Certain statements made in this release are
“forward-looking statements” within the meaning of the “safe
harbor” provisions of the United States Private Securities
Litigation Reform Act of 1995. When used in this press release, the
words “estimates,” “projected,” “expects,” “anticipates,”
“forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,”
“will,” “should,” “future,” “propose” and variations of these words
or similar expressions (or the negative versions of such words or
expressions) are intended to identify forward-looking statements.
These forward-looking statements are not guarantees of future
performance, conditions or results, and involve a number of known
and unknown risks, uncertainties, assumptions and other important
factors, many of which are outside Reebonz’s control, that could
cause actual results or outcomes to differ materially from those
discussed in the forward-looking statements. Important factors,
among others, that may affect actual results or outcomes include:
the ability to maintain NASDAQ’s continued listing standards;
Reebonz’s ability to manage growth; the reaction of Reebonz
customers and suppliers to its business combination; rising costs
adversely affecting Reebonz’s profitability; potential litigation
involving Reebonz’s intellectual property; and general economic and
market conditions impacting demand for Reebonz’s products. See the
risk factors disclosed in Reebonz’s most recently filed prospectus,
filed with the SEC on April 17, 2019 for additional risks. Reebonz
does not undertake any obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as required by law.
For investor and media inquiries, please contact:
Reebonz Holding Limited | ir@reebonz.com Christensen | Tip Fleming
| tfleming@ChristensenIR.com | Contact: +1 917 412 3333 For
more information on Reebonz, please visit www.reebonz.com
Stay connected with us: Facebook: @Reebonz |
Instagram: @ReebonzOfficial
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