transcosmos Forms a Capital and Business Alliance with “Luxola,” a Cosmetics E-Commerce Company in Singapore
transcosmos is accelerating global E-Commerce one-stop services through cooperation with Luxola, which covers the eight ASEAN countries
Tokyo, Japan (PRWEB) March 11, 2014
transcosmos inc. (Headquarters: Tokyo, Japan; President and COO: Masataka Okuda; TSE First Section: 9715; hereafter, transcosmos) has agreed to acquire more than 20% of the total outstanding shares of Luxola Pte. Ltd. (Headquarters: Singapore; Founder & CEO: Alexis Horowitz-Burdick; hereafter, Luxola), a cosmetics E-Commerce company in Singapore.
Luxola is a unique business founded in 2011, which delivers cosmetic products found only online with international shipping to eight countries, including Singapore, Indonesia, Malaysia, Thailand, Philippines, UAE, Brunei and Hong Kong. Along with its expanding company recognition since 2012, the company has entered a stage of rapid growth in sales volume, which is more than 450% increase over the previous year in 2013. With this new capital increase, it will enhance services through initiatives such as improved user marketing , customer care and mobile experience in each country, as well as new construction and expansion of distribution centers in Indonesia and Thailand.
In order to support the E-Commerce business of Luxola, transcosmos plans to dispatch personnel including executive officers with this new capital and business alliance, and will continue to introduce know-how and systems such as digital marketing and customer support it has cultivated up until now. In addition, there are plans to continue expansive cooperation as a partner in order to accelerate "global E-Commerce one-stop services" that transcosmos is promoting, including support for the E-Commerce entry of transcosmos’s corporate clients into the ASEAN market by utilizing Luxola.
Overview of Luxola
Company name:Luxola Pte. Ltd.
Representative: Founder & CEO, Alexis Horowitz-Burdick
Established: April 2011
Comments from Alexis Horowitz-Burdick, Luxsola Founder & CEO
“We are thrilled to welcome transcosmos as partners in Luxola. Their vision for E-Commerce in the region is highly aligned with our’s and their expertise around systems and operation support will be extremely valuable in helping to accelerateLuxola’s regional growth. Luxola will use these funds to continue it’s pursuit of becoming the #1 destination for all things beauty in Southeast Asia; through its e-commerce platform Luxola.com and its content platform Lxedit.com. Through partnership with transcosmos, we look forward to being able to offer customers even more, from amazing products and service, to inspiring and educational content."
Comments from Masataka Okuda, transcosmos President and COO
"We believe that there is no other example within ASEAN comparable to Luxola as a reliable cross-border E-Commerce company dealing with cosmetics, and we also think that its business will continue to expand even further in the future keeping pace with the growth of the cosmetics market in ASEAN.
"Our company offers 'global E-Commerce one-stop services' in 31 countries around the world with a central focus on Japan, Europe, America, China and Korea. Through this new capital and business alliance with Luxola, we want to accelerate E-Commerce one-stop services in the ASEAN market and continue to support the E-Commerce development of our corporate clients in the ASEAN market."
- transcosmos is a registered trade name or trademark of transcosmos inc. in Japan and other countries.
- Other company names and product or service names mentioned are registered trade names or trademarks of various other companies.
About transcosmos inc.
transcosmos launched operations in 1966. Since then it has combined superior “human resources” with the most up-to-date “technological” capabilities to enhance the competitive strength of its corporate clients by providing them with high value added and superior services. It provides overall IT outsourcing services such as Call Center Services, Business Process Outsourcing Services, and Digital Marketing Services either as standalone solution or as combined services to its corporate clients to optimize their marketing efficiencies, to expand sales and gain new customers in E-Commerce business, and to improve operational efficiency and reduce clients operational cost for back office and information system operations. Further, these services have been expanded beyond Japan, globally, centered in Asia.
transcosmos aims to be the "Global IT Partner" of its corporate clients to provide them with high quality outsourcing services on a global scale.
Contact for news media inquiries
Inquiries from the media should be forwarded to transcosmos inc.
Public Relations & Advertising Department
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