The Asia Pacific beauty distribution platform, has won the Singapore’s Best Managed Companies award from Deloitte this year.
"This award is a compelling endorsement of our transformation efforts, investments, and results achieved over the last five years. This success is due to our open ’One Team’ culture shared by more than 2,000 talents across 15 markets and 4,000 points-of-sale,” said. Dr Wolfgang Baier, Group CEO of Luxasia.
During the assessment, Deloitte evaluates business factors such as strategy, quality of management, capabilities, innovation, culture, commitment, as well as governance and financials.
According to Deloitte, Asia Pacific is the place to be and to enter now for luxury and niche beauty brands. 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 extensive omnichannel network facilitates very quick market entries, hyper growth journeys, and impactful consumer engagements.
"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," added Mr Patrick Chong, Chairman of Luxasia.