One of the steadiest top performers on the OTC over the past two months is unquestionably Clikia Corp (OTCMKTS:CLKA). This is an interesting company, with huge growth now apparent after the acquisition of a “rare custom luxury goods” retailer called Maison Luxe. That’s CLKA’s business at this point, and it appears to be going very well so far. After reporting an opening quarter setting a pace for over $5 million in 2020 sales (from basically nothing in prior quarters), the company just announced a new move to partner its way into the high-stakes “travel retail” industry.
Specifically, CLKA just announced a partnership with Signet International Group, a leading player in marketing and distributing luxury branded products to the cruise ship travel retail industry. According to the release, Maison Luxe and Signet are partnering to provide a strong end-market and sourcing collaboration to drive growing sales of rare luxury goods to the Travel Retail industry. Signet has already partnered with Swarovski, Anne Klein, Swatch Group, Beau Geste Luxury Brands and a number of other top-tier luxury brands, as well as Princess Cruise lines and Harding Retail group.
Clikia Corp (OTCMKTS:CLKA) changed hands in April, pursuant to which Mr. Anil Idnani became the controlling shareholder and sole officer and director. Following such change-in-control transaction, in May 2020, the company went on to acquire all of the assets, including the going business, of Maison Luxe, LLC, a Delaware limited liability.
Company materials state: “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.”
This model was laid out further in a Shareholder Letter put out by the company last month. The communication notes that the company’s new management and its new subsidiary have extensive experience in the “rare custom luxury goods market”, including a wide network of customers and distributors already in place:
“We are already harnessing a robust network and extensive experiential assets that come with the bargain in this transition – including a great deal of experience centered in the rare custom luxury goods market. It is a peculiar niche business context with its own rules governing a unique microeconomic landscape.”
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As noted above, CLKA just announced a new partnership with Signet International Group, a leading player in marketing and distributing luxury branded products to the cruise ship travel retail industry, to provide a strong end-market and sourcing collaboration to drive growing sales of rare luxury goods to the Travel Retail industry.
The chart shows 88% added to share values of the listing over the past month of action. Furthermore, the company has benefitted from a jump in recent trading volume to the tune of 75% over the long run average.
“Our goal in this partnership is to procure and sell fine time pieces to the travel retail sector including the cruise ship industry, with Signet as a key partner with well established end market relationships to drive distribution of our truly special pieces to a large and growing marketplace made for Maison Luxe,” commented Anil Idnani, CEO of Clikia and Founder of Maison Luxe. “To that end, we will be engaging in multiple purchase orders with different luxury brands with a targeted customer base containing a high density of consumers capable of affording very high-end rare luxury goods.”
At this time, carrying a capital value in the market of $6.1M, CLKA just posted strong financials, with monster topline growth in Q1 in its Maison Luxe subsidiary, and management has hinted that Q2 data may be even better. The revenue run rate appears to be on track for over $5 million this year from basically nothing prior to the acquisition. We will update the story again soon as further details emerge. Sign-up for continuing coverage on shares of $CLKA stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in $CLKA, either long or short, and we have not been compensated for this article.