Maison Luxe Seeks to Expand Its Multi-Million Dollar Relationship With Signet International Group

Rhea-AI Summary

Maison Luxe, Inc. (OTC: MASN) announced plans to expand its agreement with Signet International Group to enhance its presence in the cruise industry. CEO Anil Idnani emphasized the opportunities this partnership presents, particularly in showcasing luxury items to leisure travelers. The company targets the growing demand in the luxury retail market, focusing on fine timepieces and jewelry. Maison Luxe also maintains a significant investment in lab-grown diamonds through its Amani Jewelers subsidiary and Aether Diamonds, aligning with trends in sustainable luxury products.

Positive

• Expansion of partnership with Signet International Group to enhance luxury goods distribution in the cruise industry.
• Strategic focus on high-demand luxury sectors, particularly fine timepieces and jewelry.
• Investment in sustainable luxury through lab-grown diamonds via Amani Jewelers and Aether Diamonds.

Negative

• None.

FORT LEE, NJ, Oct. 27, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – Maison Luxe, Inc. (OTC: MASN) (“Maison Luxe” or the “Company”), an emerging leader in the global custom luxury goods marketplace, is pleased to announce that it plans to expand upon its agreement with Signet International Group (“Signet”) (SignetInternationalGroup.com), a leading player in the marketing and distribution of luxury branded products primarily to the cruise industry.

Anil Idnani, CEO and Founder of Maison Luxe, commented, “After the first full year of our Signet Partnership, we look forward to increasing our exposure with Signet, and expanding the company’s reach in the cruise ship industry. Signet’s cruise partners provide a tremendous opportunity to showcase quality luxury items to leisure travelers worldwide.  We believe the resilience of the cruise industry will pave the way for a post -COVID-19 recovery and we are well positioned with existing customers in the travel sector.”

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 timepiece 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 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

FAQ

What business is Maison Luxe, Inc. (MASN) involved in?

Maison Luxe focuses on retailing luxury goods, particularly fine timepieces and jewelry.

What is the significance of the partnership with Signet for Maison Luxe?

The partnership aims to expand Maison Luxe's distribution of luxury products in the cruise industry, targeting leisure travelers.

Does Maison Luxe invest in sustainable luxury products?

Yes, Maison Luxe invests in lab-grown diamonds through its Amani Jewelers subsidiary and Aether Diamonds.

When did Maison Luxe expand its agreement with Signet International Group?

The expansion announcement was made on October 27, 2022.