FORT LEE, NJ, Oct. 24, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Maison Luxe, Inc. (OTC: MASN) (“Maison Luxe” or the “Company”), an emerging leader in the global luxury goods marketplace is proud to announce the Company has concluded their second successful season with Princess World Jewelers with a sell through exceeding $700,000. These revenues are year to date across all PWJ locations. The company recently announced in April a partnership with Princess to showcase a selection of fine timepieces for their brick and motor showrooms. These total sales compare to last season, when the Company announced an initial sell through rate of $275,000.
Maison Luxe CEO Anil Idnani stated, “After concluding a successful season last year, I met with PWJ management to discuss the opportunities for 2023. Together we curated what we believed to be a strong selection of timepieces to offer their retail clients. We made the investment in not only our inventory but in Princess as well and it has clearly proved itself worthy. I have always believed that it is our strategic partnerships and product placement that will increase revenues and also capture our footprint in the retail market. I am extremely pleased with the results and efforts of the team at Princess and look forward to continue working together.”
Princess World Jewelers is a family-owned business with over 30 years of retail presence in both the Caribbean and Alaska, specializing in the duty-free ports and cruise ship industries. The Company engaged in a partnership for the Alaska season and both parties are working to set up a successful allocation for their upcoming Caribbean season.
President of Princess World Jewelers Haresh Mirpuri commented, “Through the hard work and dedication of my team, 2023 has been a record season. Before each season, we spend the time to curate a unique and luxurious collection for our clients. I am very pleased with the selection of timepieces that Maison Luxe was able to offer as we only look for the highest of quality and caliber. We look forward to working together and will continue to keep Maison Luxe as one of our main, trusted suppliers.”
ABOUT MAISON LUXE
Maison Luxe offers luxury retail consumer items. The Company operates as a niche high-end luxury goods retailer, helping interested consumers obtain rare luxury items that may otherwise not be reliably available due to the nature of the luxury retail marketplace. The Company focuses its efforts primarily within the fine time piece and jewelry segments, both on a wholesale and B2C (business-to-consumer) basis. The Company also owns its Amani Jewelers subsidiary, which operates in the jewelry marketplace, with a strategic focus on the rapidly growing lab-grown diamonds market. In addition, Maison Luxe holds a significant investment position in Aether Diamonds, which was founded in 2020 as the world's first and only known captured carbon lab-grown diamond producer.
FORWARD-LOOKING STATEMENTS:
This release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements also may be included in other publicly available documents issued by the Company and in oral statements made by our officers and representatives from time to time. These forward-looking statements are intended to provide management's current expectations or plans for our future operating and financial performance, based on assumptions currently believed to be valid. They can be identified by the use of words such as "anticipate," "intend," "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "would," "could," "will" and other words of similar meaning in connection with a discussion of future operating or financial performance. Examples of forward-looking statements include, among others, statements relating to future sales, earnings, cash flows, results of operations, uses of cash and other measures of financial performance. Because forward-looking statements relate to the future, they are subject to inherent risks, uncertainties and other factors that may cause the Company's actual results and financial condition to differ materially from those expressed or implied in the forward-looking statements. Such risks, uncertainties and other factors include, among others. such as, but not limited to economic conditions, changes in the laws or regulations, demand for products and services of the company, the effects of competition and other factors that could cause actual results to differ materially from those projected or represented in the forward-looking statements. Any forward-looking information provided in this release should be considered with these factors in mind. We assume no obligation to update any forward-looking statements contained in this report.
Corporate Contact:
www.maisonluxeny.com
info@maisonluxeny.com
