Reebonz Announces Launch of Store on Ebay
August 08 2019 - 9:00AM
Reebonz Holding Limited (the “Company” or “Reebonz”; Nasdaq: RBZ),
a leading online luxury marketplace and platform in Asia Pacific,
announced today that it has recently launched a store on eBay.
Reebonz launched its new store,
https://www.ebay.com/str/reebonzus, with over 5,000 new and
pre-owned products, including bags, shoes, accessories, and
apparel. Customers from the U.S., Canada, Mexico, United Kingdom,
Australia, and the European Union can purchase products, and
receive free shipping, from the store. The listings are localized
for currency and language in their respective countries, which is a
key value proposition of Reebonz. The Company has built back-end
infrastructure to localize services in each country it operates to
make it easy for customers to shop. To date, Reebonz has sold
products from brands such as Burberry, Fendi, and Prada through its
eBay store, amongst others, and the highest valued item sold has
been a pre-owned Hermes handbag worth over $15,000.
Benjamin Han, Co-founder and Chief Marketing
Officer of Reebonz, commented, “We are extremely excited to launch
our store on eBay. While we continue to focus primarily on Asia, it
is very encouraging to be able to partner with eBay to provide a
unique collection of products to their users, and expand our
customer base globally. They are focused on providing authentic
luxury products, which complements well with our core business.
Expansion into regions such as North America and other non-Asian
regions will allow us to better understand user buying preferences
in other parts of the world, which will allow us to create a robust
database of trends globally. Insights from this data will help in a
many ways, including driving our pricing and margin optimization
strategy, merchandising, and others. We look forward to an exciting
partnership!”
Forward-Looking and Cautionary
StatementsCertain 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.
About Reebonz:
Headquartered in Singapore, Reebonz is the
trusted online platform for buying and selling a wide range of
luxury products. Reebonz makes luxury accessible by giving our
members more from the world of luxury through Reebonz.com and
Reebonz Closets app—a standalone C2C platform that allows customers
to buy and sell their pre-owned items to a community of over 5.5
million members. With an easy shopping experience, members can
enjoy convenient access to new and pre-owned luxuries curated from
all around the world. Reebonz has offices located in Australia,
Hong Kong, Indonesia, Malaysia, South Korea, Thailand, and Taiwan.
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
at:Facebook: @ReebonzSG |
Instagram: @ReebonzOfficial
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