June 3, 2023


Business&Finance Specialists

Culture PassForms Leflair, Inc. Subsidiary, Which Will Operate the Leflair Ecommerce System Appoints a New CEO

5 min read

Modern society Move Incorporated

  • This press launch clarifies details in the press launch from April 15, 2022.

  • Culture Pass Incorporated (SoPa) (Nasdaq: “SOPA”), a major Southeast Asia loyalty and ecommerce ecosystem and mother or father organization of Leflair Inc (“Leflair Group”), declared right now the completion of company restructuring of Leflair’s Vietnam operations into Leflair Group – a new integrated life-style retail ecosystem to compete in Southeast Asia’s 100B+ USD retail market.

  • SoPa released a new administration group to aid this restructuring and declared the appointment of Loic Gautier – Co-founder and Former CEO of Leflair as the new Team CEO, and Ngo Thi Cham – Vietnam Nation Head of SOPA as the Group COO.

  • As the CEO of Leflair Team, Mr. Gautier will be responsible for handling the Leflair Group’s P&L, sourcing and executing upcoming acquisitions to enlarge the Leflair ecosystem, and increase to other Southeast Asian marketplaces.

Singapore, April 20, 2022 (Globe NEWSWIRE) — through NewMediaWire — Society Move Included (Nasdaq: SOPA) introduced nowadays the completion of restructuring of Leflair Vietnam’s operations into a different entity – Leflair Inc (“Leflair Group”). Together with this corporate restructuring, SoPa appointed Mr. Loic Gautier to turn into the new Team Main Government Officer of Leflair Group. Ms. Ngo Thi Cham – Vietnam Country Head of SoPa and recent Controlling Director of Leflair – will be the Group’s new Main Functioning Officer and get the job done alongside with Mr. Gautier in driving the enterprise forward in its upcoming stage of expansion.

As a end result of this company restructuring procedure, we feel Leflair Team could develop into Southeast Asia’s following life-style retail super distributor nexus, evolving from a one discounted system to a life-style retail ecosystem, providing buyers with an built-in and exceptional searching expertise from on line to offline. Leflair Team carries on to acquire providers in the ecommerce, way of life retail and on the net marketing verticals.

Mr. Ray Liang, CFO of SoPa Team, commented, “After the IPO of SoPa very last yr, we have been functioning on a new growth tactic for Leflair in get to increase its prospective to develop into the desired destination for way of living browsing in Southeast Asia. In purchase to facilitate that advancement, we are happy to welcome back Mr. Loic Gautier to be a part of our government crew and grow to be the driving drive for Leflair Team in the foreseeable future. At Culture Move, selecting critical skills is constantly amid our top priorities as a firm and we normally welcome Leflair’s previous abilities to come back and get the job done with each other to bring Leflair to new heights. Obtaining Mr. Gautier come back again as the CEO of Leflair Team ensures continual and sustainable expansion for Leflair in the years to arrive. The new recruitment also permits us to have out greater plans for Leflair, evolving from a single on the internet system to grow to be a legitimate ecosystem for way of life shopping.”

Due to the fact its IPO on the Nasdaq previous calendar year, SoPa has targeted on M&A routines to develop the ecosystem with other on line platforms across 6 verticals: way of life, F&B, vacation, electronic media, and B2B computer software and loyalty know-how in the best a few V.I.P nations around the world of Southeast Asia – Vietnam, Indonesia, Philippines. Through these organization strains, SoPa improves the interconnectedness and assistance inside its ecosystem, fulfilling its mission to link millions of registered consumers and countless numbers of registered merchants across Southeast Asia.

In just this new appointment, Mr. Gautier will be dependable for managing Leflair Group’s development and enlargement strategy to convey the Leflair platform to other Southeast Asian countries, as well as managing the upcoming acquisitions in purchase to broaden the group to other smaller sized segments inside the way of living retail sector.

Loic Gautier, the new CEO of Leflair Group, shared, “It’s an honor to get SoPa’s believe in. With this spin-off, Leflair now has a new medium to increase its total expansion potential. By pivoting from a one system to an built-in way of life retail ecosystem, we find to link all gamers in just the life style retail value chain, from brand name distributors, to offline merchants, ecommerce platforms and delivery organizations. The new vision helps make Leflair a pioneer in redefining the way of life and ecommerce retail marketplace throughout Southeast Asia.”

In accordance to Mr. Gautier, Leflair Group is working in direction of bold options in advance, aiming for comprehensive funding rounds and a roadmap to IPO in the in the vicinity of upcoming.

For a lot more facts, make sure you examine out our web page: www.thesocietypass.com/ www.leflair.com

Media contact

Important Communications for SoPa

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About Society Move

Society Go is a loyalty and facts marketing and advertising ecosystem that operates many ecommerce and life-style platforms throughout its crucial markets. Its enterprise product focuses on gathering consumer info as a result of the envisioned circulation of its common loyalty factors. It seamlessly connects shoppers and retailers across a number of merchandise and service groups fostering organic loyalty. Considering that its inception, SoPa has amassed over 1.6 million registered people and above 5,500 registered retailers/brand names on its system. It has invested 2+ decades building proprietary IT architecture with slicing edge elements to efficiently scale and assist its Platform’s buyers, merchants, and acquisitions.

Culture Move delivers retailers with #HOTTAB Biz and #HOTTAB POS– a specialized POS technological know-how alternative, a detailed technique for payment, faithful buyer administration, person profile analytics, and effortless fiscal assist deals for tiny and medium-sized enterprises.

In addition, SoPa operates Leflair.com, Vietnam’s main life-style e-commerce platform, Pushkart.ph, a preferred grocery shipping business in Philippines, and Handycart.vn, a top on the internet cafe delivery services primarily based in Hanoi, Vietnam.

For a lot more facts, make sure you examine out: http://thesocietypass.com/.

About Leflair

Based in Ho Chi Minh City, Leflair is an online quality outlet for Trend, Attractiveness and Property Furnishing products and solutions. Introduced on December 2015, Leflair experienced been selling far more than 2,500 brands by means of its flash-profits model. SOPA acquired Leflair’s assets in February 2021 and relaunched Leflair again on to the Vietnam market place in September 2021.

For much more facts, be sure to check out:www.leflair.com.

About Loic Gautier

Loic Gautier is a Southeast Asia-based French e-commerce entrepreneur and retail pro. Prior to currently being an entrepreneur, Loic was in charge of business progress for multinational ecommerce businesses these as Groupon (Europe) and Lazada (Asia). Loic launched Leflair in 2015 and ran the enterprise as the CEO for pretty much 5 years. All through that time, Leflair lifted in full 12 million USD in venture funds funding and expanded to 3 other markets in advance of the model was obtained by SoPa in 2021.

https://finance.yahoo.com/information/modern society-passforms-leflair-inc-subsidiary-144100067.html