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Wolfgang Baier told CosmeticsDesign-Asia that the company is ‘holding up well’. The consumer fear of crowded public areas has seen retail footfall decline, forcing some retailers to shorten operating hours.Īll this has contributed to the weakening of luxury and beauty sales in many markets, especially in China and Hong Kong.Īdditionally, countries such as Thailand, Taiwan, Vietnam, and Singapore are also affected due to the sharp decline in Chinese tourist traffic.ĭespite the gloomy outlook, Luxasia CEO Dr.
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With a regional footprint in 15 Asia Pacific markets, the firm has inevitably been impacted by the outbreak of COVID-19, with net sales in the first quarter of 2020 reflecting a decline. Omnichannel luxury beauty and lifestyle brand distributor, Luxasia, has made safeguarding the livelihood of its employees a primary focus in the battle against the novel coronavirus (COVID-19) outbreak.īased in Singapore, Luxasia is Asia Pacific’s leading luxury beauty omnichannel partner to global brands such as Bvlgari, Dior, Elizabeth Arden, Hermes, and La Prairie.
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1 – Keeping the team together: Luxasia implements measures to safeguard jobs amid COVID-19 crisis