Reebonz Announces Strategic Partnership With TWIST
January 15 2020 - 3:22PM
Reebonz Holding Limited (Nasdaq: RBZ), a leading online luxury
marketplace and platform in Southeast Asia and Asia Pacific,
announced today that it has officially partnered with TWIST, one of
Hong Kong’s multi-brand luxury fashion boutiques. As a part of the
agreement, Reebonz is expected to make TWIST’s products available
to over 6 million members on Reebonz’s platform, further supporting
both companies’ missions to bring luxury fashion to discerning
consumers around the world.
Since its establishment in 1999, TWIST has
introduced a range of over one hundred high-end fashion labels from
Europe and elsewhere in the world. The company aims to curate a
collection of new season fashion products from bags, small leather
goods, accessories, watches, shoes and apparels. Brands sold
include Alexander McQueen, Givenchy, Fendi, Gucci, Prada, Stella
McCartney, Valentino, and many more. While TWIST currently has 4
highly successful retail stores across Hong Kong and an online
platform, they decided to partner with Reebonz in order to further
expand into Southeast Asia and across Asia Pacific, acquire new
shoppers and expand its brand.
Daniel Lim, Co-Founder and Chief Product Officer
of Reebonz, commented, “This partnership is exciting for both
companies. TWIST is a household name in Hong Kong, and has
cultivated a unique point of view on desirable products that
customers want. Our collaboration will help bring that perspective
across the region. We are committed to partnering with high quality
multi-brand luxury boutiques globally, to bring the best products
to our members.”
Harry Lam, E-Commerce Manager of TWIST, added,
“Following the decade-long success of Reebonz in Southeast Asia and
Asia Pacific, we felt that this partnership will benefit both
companies in the long run. In addition to the opportunity for us to
amplify our brand awareness, we believe that by working with
Reebonz, we will be able to further improve our consistency in
delivering high quality products to aspiring consumers across the
region.”
Forward-Looking and Cautionary
StatementsCertain statements made in this release are
“forward-looking statements” within the meaning of the “safe
harbour” 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 regain compliance with NASDAQ stockholders’ equity
and continue to meet NASDAQ’s 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 the definitive proxy statement for Reebonz’s business
combination for additional risks. 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 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, 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.
About TWIST:TWIST, a
diversified luxury and trendy fashion select store in Hong Kong, is
dedicated to bringing customers with a dashing array of fashion
labels from all over the world, catering the needs of fashion
enthusiasts for quality fashion goods and earning the love from our
wide customer spectrum of different ages and districts.
For investor and media inquiries, please
contact:Reebonz Holding Limited | ir@reebonz.com
For more information on Reebonz, please visit
www.reebonz.com.
Stay connected with us
at:Facebook: @ReebonzSG |
Instagram: @ReebonzOfficial
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