Asia Pacific distribution company Luxasia has won a ‘Best Managed Companies Award’ from consulting company Deloitte.
The first Singapore edition of the awards is derived from Deloitte’s global Best Managed Companies Awards program. It evaluates businesses on factors, such as strategy, quality of management, innovation, as well as governance and financials.
“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,” commented Luxasia Group CEO Dr Wolfgang Baier.
Luxasia says that as a result of its transformation plan over the past five years, it has evolved from a traditional distributor into an omnichannel distribution platform, covering luxury retail, e-commerce, social commerce, distribution, consumer marketing and data analytics.
“We are now ready to push ahead with our plans to grow our geographical footprint, developing and investing in new frontiers,” added Luxasia Chairman Patrick Chong.