Reebonz Expands ‘Sell to Reebonz’ Service in Malaysia, Indonesia, Hong Kong, Taiwan and Australia
02 7월 2019 - 8:00PM
Reebonz Holding Limited (the “Company” or “Reebonz”; Nasdaq: RBZ),
today announced that it has expanded its recently launched “Sell to
Reebonz” service to five new markets: Malaysia, Indonesia, Hong
Kong, Taiwan, and Australia.
The “Sell to Reebonz” service makes selling as
easy as buying and gives all luxury consumers an easy and trusted
way of selling their pre-owned designer products. With a constantly
growing catalog that currently includes over 34,000 designer items,
potential sellers can browse the Sell Catalog
(https://www.reebonz.com/sg/sell), match their item, and swiftly
sell it to Reebonz for Reebonz credits that can be used for their
next purchase on Reebonz.com. If an item isn’t available in the
catalog, sellers can send pictures of their items through WhatsApp
to a Reebonz Atelier to receive a quote. Sellers can receive
credits within 24 hours based on the guaranteed price shown in the
Sell Catalog, subject to final condition of the item. The Company
first launched the service in Singapore in May 2019 and has since
expanded it to the above-mentioned markets with localized websites
for currency and language.
The pre-populated catalog makes it hassle-free
for a customer to submit their items and arrange collection. Now
customers don’t need to take their own pictures – Reebonz has done
the work for them! With a few clicks, the item can be sold to
Reebonz, a process that often takes weeks or months with
traditional consignment businesses or peer-to-peer marketplaces.
Reebonz has also leveraged its years of experience and data to
offer an upfront price in order to increase transparency and build
trust with the seller.
Daniel Lim, Co-Founder and Chief Product Officer
of Reebonz, commented, “We are in the midst of a revolution in Asia
as consumers have increasingly started to recognize the value and
greater sustainability that pre-owned products offer. Over the past
decade, we have been fortunate to have cultivated a loyal base of
buyers and sellers who think of us as their trusted partner for
buying and selling luxury products. This could not have been
possible if we had not significantly invested in building a team of
experienced Ateliers that specialize in authenticating high value
products, from leather goods, timepieces, to jewelry. We are
excited to expand our “Sell to Reebonz” service to some key new
markets. Our customers are increasingly conscious of their choices,
especially in the luxury category, and we believe we are empowering
them with trust, data, and speed to drive their
decisions.”
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 and 172 boutiques, 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.
Forward-Looking and Cautionary Statements
Certain 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.
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: Facebook: @Reebonz |
Instagram: @ReebonzOfficial
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