Clikia Corp. Announces Luxury Goods Distribution Deal with AK and USVI Duty-Free Outlets, Initial $300k+ in Related Sales
July 21 2020 - 8:24AM
InvestorsHub NewsWire
FORT LEE, NJ -- July 21, 2020 -- InvestorsHub NewsWire -- Clikia
Corp. (OTC:CLKA)
(“Clikia” or the “Company”), an emerging leader in the global
custom luxury goods marketplace, is pleased to update current and
prospective shareholders on the Company’s progress as a supplier to
the Duty-Free luxury goods marketplace. The Company’s wholly owned
subsidiary, Maison Luxe, has forged relationships with four (4)
individual duty-free sellers, which have already made aggregate
purchases in excess of $300,000 in custom luxury timepieces from
the Company. These are ongoing distribution relationships.
The sellers are located in duty-free ports in Alaska, the US
Virgin Islands, and Colorado. The Company is currently in talks to
expand both in terms of volume of timepieces and in product
category, to include fine jewelry. Management believes the
establishment of additional funding will allow the Company to
expand its own inventory and widen margins through volume sourcing,
where possible. This will open up access to additional duty-free
sellers in ports where the Company has already established
relationships and a reputation for credibility, quality, and
reliability.
“The idea is to grow a brand that sources retail markets with
responsibly sourced and priced watches,” remarked Anil Idnani, CEO
of Clikia and Founder of Maison Luxe. “That’s typically nearly
impossible to find. This is now more the case than ever due to a
supply shock as factories shut down or halt production of luxury
goods. However, demand hasn’t dropped at all this year despite the
health crisis and resulting economic turbulence. The result is
rising prices on inventory we have in-house.”
According to Statista, in 2018, the global duty-free and travel
retail sales market did approximately $76 billion in total sales.
That number is expected to grow to more than $125 billion by
2023.
As discussed above, the Company has already booked over $300,000
in sales from these relationships, which represents just a small
fraction of the Company’s overall sales so far in 2020. But
management anticipates continued and growing orders and sales
through this network of relationships, as well as the establishment
of additional distribution relationships, during the second half of
the year.
About Clikia Corp
Clikia Corp. was incorporated in 2002 in the State of Nevada,
under the name MK Automotive, Inc. Our corporate name changed to
Clikia Corp. in July 2017. In April 2020, our company experienced a
change in control, pursuant to which Mr. Anil Idnani became our
controlling shareholder and sole officer and director. Following
such change-in-control transaction, in May 2020, we acquired all of
the assets, including the going business, of Maison Luxe, LLC, a
Delaware limited liability. Our wholly-owned subsidiary, Maison
Luxe, Inc., a Wyoming corporation, now owns the acquired assets and
operates the acquired business of Maison Luxe, LLC. Currently, this
constitutes the entirety of our company’s business operations. Our
company’s newly elected sole officer and director, Mr. Anil Idnani,
founded the recently acquired Maison Luxe business with the vision
of offering highly desired luxury retail consumer items that are
responsibly sourced and affordable to the end customer. Because of
the dynamics and structure with the luxury retail industry,
customers who desire luxury items are unable to avail themselves of
such items, due to the unreliable nature of sellers and exorbitant
prices. It is this void in the marketplace that Mr. Idnani
identified as a business opportunity and established Maison Luxe to
provide customers with the experience of purchasing luxury items as
a standard. The business known as “Maison Luxe” was founded in
January 2020, with the vision of becoming an industry leader in
luxury retail. MaisonLuxe focuses its efforts primarily within the
fine time pieces and jewelry segments both on a wholesale and B2C
(business-to-consumer) basis.
For more information please reference https://www.maisonluxeny.com/investors
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.
Corporate Contact:
www.maisonluxeny.com
551-486-3980
anil@clikiacorp.com