December 13, 2011 - CoutureCandy.com Acquires the Assets of Adasa.com
SANTA BARBARA, Calif., Dec. 13 2011 /PRNewswire/ -- CoutureCandy.com, one of the fastest growing online women's fashion boutiques, announced today that it has acquired Adasa.com, including its url, trademarks and customer lists. The price of the transaction was not disclosed, but CEO Eric Jones of the Luxury Apparel Group Inc., revealed that it would be immediately accretive to earnings in the 1st Quarter of 2012.
CoutureCandy, under the leadership of CEO/Founder Eric Jones (36), and President Gwendolyn Jones (28), plans to quickly merge the customer data base and existing internet search traffic to benefit the flagship site Couture Candy. "Based in Hawaii for over 7 years, Adasa has also been doing business online, resulting with an impressive list of designer lines and customer relationships," says Eric Jones. "We are pleased to offer all Adasa customers an enhanced boutique experience filled with compelling celebrity content, personal stylists and extensive media. In addition, we plan to offer substantial discounts to previous customers to provide incentive to become part of the ever-growing CoutureCandy family. "Our long term strategy is to continue to grow our customer base and offer increasing improved value to our customers".
About Luxury Apparel Group Inc.
Luxury Apparel Group is an industry-leading distributor of premiere online retailers specializing in catering to the unique styles of its female clientele.
When Luxury Apparel Group launched http://www.CoutureCandy.com in 2005, it set the standard as a quality online destination for customers with a highly cultivated taste looking for the latest in designer fashions and distinctive value. Since CoutureCandy's launch, its reach has expanded exponentially thanks in large part to its creative original content, such as compelling newsletters featuring useful stylist tips and tricks of the trade.
In 2010, CoutureCandy launched its groundbreaking Celebrity Style Section, making it easy for visitors to see the latest celebrity styles, as well as hear the freshest gossip. Now, with such exciting features as designer profiling and a definitive denim fit guide, CoutureCandy is not only a online store, it is a total style destination.