LUXASIA receives Deloitte award

LUXASIA named one of Singapore’s Best Managed Companies by consultancy Deloitte (from left to right, Sabrina Chong, Alwyn Chong, Dr Wolfgang Baier and Patrick Chong)

Asian distribution company LUXASIA has been named one of Singapore’s Best Managed Companies by consultancy Deloitte for the second year in a row.

Luxasia says the award validates the company’s three-year growth plan, in addition to its culture of innovation, diversity and teamwork.

Two highlights of the company’s three-year growth include the expansion of LEAP Commerce, LUXASIA’s fully-owned e-commerce enabler, and the regional expansion of escentials, the group’s luxury niche omni-retail concept.

LUXASIA Group CEO Wolfgang Baier said: “This win is a momentous one as we embark on our next chapter of hypergrowth in our corporate journey over the next three years. We aim to capture the burgeoning luxury beauty & lifestyle sector in Asia Pacific, powered by the solid capabilities forged from our rigorous five-year transformation journey. As one team of 2000 talents in 15 markets, we will lead the charge.”

The Best Managed program evaluates businesses based on four pillars: Strategy, management quality, capabilities & innovation and culture & commitment, in addition to governance & financials. The methodology is based on 25 years of global practice across companies in 48 countries.

LUXASIA offers brands omnichannel distribution capabilities that integrate luxury retail, online commerce and consumer analytics in 15 markets. The company has 2,000 employees and partners with 120 brands.