Tag: luxu

  • Leading Southeast Asian online luxury fashionmarketplace BlinQ partners with global luxury fashion retailer YOOX

    Leading Southeast Asian online luxury fashionmarketplace BlinQ partners with global luxury fashion retailer YOOX

    Leading Southeast Asian luxury online fashion marketplace BlinQ today announced a commercial affiliation with the leading global online fashion retailer that revolutionized the luxury fashion industry, the YOOX Net-a-Porter group. This closely follows the launch of the BlinQ pre-loved segment and Asean Houz – a collection of high-end fashion brands from around the region.

    With operations all over the world from the United States to Japan, YOOX has over 3 million high-spending customers worldwide. This partnership with BlinQ will bring more of YOOX’s products into the Southeast Asian region. Fashion lovers looking to spend their red packet money on BlinQ will be spoilt for choice: they will now be able to access a catalog of more than 10,000 products from over 700 luxury brands, on top of the products already on the platform — all while enjoying better customer experience, with lower shipping costs and shorter fulfillment times.

    Bob Chua, founder and CEO of BlinQ, commented: “We are thrilled to work with YOOX to drive their unmatched selection of luxury products and designers into this part of the world. This will give Southeast Asian consumers easy access to thousands of new products from amazing high-end luxury brands. We have been growing quickly, and this partnership provides a greater depth of brands and products to our users in the Southeast Asian region.”

    BlinQ has over 30,000 users joining the platform every month, with luxury brands such as Kenzo, Prada and Off-White included on the platform.

    This partnership will provide YOOX with a strong Southeast Asian partner to expand their potential customer base in Southeast Asia. The global luxury fashion powerhouse is in a strong position to gain significant market share in a region that has a growing luxury market.

    A spokesperson from YOOX shared: “We’re extremely excited to work with BlinQ, and we can’t wait to expand our reach with them moving forward.”

  • AirAsia X’s 1Q passenger traffic up 13%

    AirAsia X’s 1Q passenger traffic up 13%

    AirAsia X Bhd (AAX) carried 13% more passengers to 1.59 million in the first quarter of 2018 (1Q18) from 1.4 million a year ago on the back of increased capacity as the airline catered to increased travel demand arising from the festive seasons and school holidays during the period.

    In a statement today, AAX said its capacity for 1Q18 increased 14% year-on-year (y-o-y), while passenger load factor remained static at 84%. Its available seat per kilometer and revenue passenger kilometres grew 10% and 9% respectively.

    “In the month of February, AAX Malaysia rotated some capacity from Australia to the Asian market, while we continue to build our brand in Australia.

    “The airline also increased its flight frequencies to Hangzhou and Taipei, further strengthening the North Asia market. AAX Malaysia began flying to Maldives and Jaipur in February,” it added.

    The fleet size of AAX Malaysia stood at 22 Airbus A330s as at end-March 2018.

    On the associates, AAX said its Thai unit carried 19% more passengers to 503,259 in 1Q18 from 423,404 passengers in 1Q17. Passenger load factor was unchanged at 94%.

    “No additional aircraft was added into AAX Thailand during the quarter under review. Hence, its fleet size at the end of March 2018 remained at six aircraft,” it added.

    AAX Indonesia, meanwhile, carried 124,874 passengers in 1Q18, up more than 100% y-o-y, and posted a load factor of 72%.

    AAX Indonesia’s fleet size stood at two aircraft, bringing AAX Group’s total fleet to 30 A330s.

    AAX shares closed 0.5 sen or 1.33% higher at 38 sen today, with 7.62 million shares done, bringing it a market capitalisation of RM1.57 billion.