Lfplaza Group Grows Pan-Asian Luxury Business with NetSuite OneWorld

Hong Kong-based luxury and fashion distributor Lfplaza Group trades in 13 markets across Asia Pacific, drawing on relationships with over 100 brands, ranging from Versace to MSGM. To supply over thousands of wholesale clients and multi-brand boutiques in markets such as Macau, China, Taiwan, Japan, Thailand and Vietnam, Lfplaza turned to Oracle’s NetSuite OneWorld for accounting, sales, marketing, distribution, inventory, multi-currency and multi-subsidiary management.


Lfplaza Group

Company

Lfplaza Group

Location

Hong Kong

Industry

Wholesale/Distribution, Brand Placement

REVENUE

HKD$300 million (2016)

Employees

120

CURRENCIES

5 (HKD, EUR, USD, JPY, CNY)

SYSTEM REPLACED

Unnamed legacy regional software

PARENT OR SUBSIDIARY

Parent of three operating subsidiaries

NUMBER OF COUNTRIES

13 (including Hong Kong, Macau, China, Taiwan, Japan, South Korea, Singapore, Malaysia, Indonesia, Thailand, Philippines, Australia and Vietnam)

NETSUITE PRODUCTS IMPLEMENTED

NetSuite OneWorld
NetSuite Retail Mid Market Edition
NetSuite Site Builder

IMPLEMENTATION PARTNER

Fern Limited

Location

Hong Kong

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“The fashion inventory moves very fast—at an increasing velocity and sophistication every year. With NetSuite OneWorld, it's very easy to adapt, customize and stay current exploring all of the business channels and marketing opportunities out there so we can continue to scale.” Lfplaza Group

Doing Business at the Speed of Fashion

Powerful capabilities to serve a demanding market
Lfplaza serves thousands of customers in the luxury and fashion industry from three offices and 10 sales locations throughout Hong Kong. NetSuite's cloud delivery model ensures that locations are always in sync with the latest information. From humble beginnings, Lfplaza has grown quickly to an estimated HKD$300 million business.
Unconstrained growth in a competitive environment
By integrating financial, customer and product data on NetSuite, Lfplaza can grow without technological or procedural constraints. Instead of struggling with data capture and inventory control, Lfplaza enjoys daily insights into financials and profitability, improved error controls, and fashion industry-specific workflows.
Confronting constant change
Customer preferences in the fashion and luxury business change quickly, and Lfplaza must be responsive. The company already tracks tens of thousands of SKUs, and entering and deleting products is a simple task. Opening new customer service locations require no IT, just the creation of new credentials and reporting categories.

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