Bagir Share Discussion Threads

[moneymunch] 21/11/2018 06:47

Lol..watch and weep creep, you sad pathetic troll.....transformational deal news expected imminently, big news expected soon at Msys, where i lost a modest amount after i bought in at 2p plus and sold out at 2p plus and intend to buy back in soon. Gla holders Tick Tock Boom!!!

ps Stephanie, how come you left BLOC off the list????

[stephen2010] 20/11/2018 22:09

Ouch!!! Put this sick puppy to sleep

[bignads] 20/11/2018 13:38

Seems that a few investors believe that we're very close to confirmation of the deal. I would expect the deal to complete on a timetable similar to the original deposit transfer, which was for a lot less money but still took 6 weeks...


Reposted from 30 October...

I'd expect the deal to complete at a similar timeframe to that of the initial payment of the non-returnable deposit, the timeline of which was:

23 Nov 2017 - Deal (Ruyi's investment in Bagir) announced
30 Nov 2017 - Ruyi instructs bank to transfer the deposit ($1.65m)
4 Jan 2017 - Deposit received

Completion of money transfer took 6 weeks.

So, assuming that Ruyi was ready to get the ball rolling on Bagir gaining shareholder approval at the EGM on 9 October, and that similar regulatory hoops have to be jumped through as for the original cash transfer (clearances from the regulators), then I would expect the deal to complete by, at the latest, 20 November 2018 (6 weeks).

However, it is reasonable to assume that the EGM deal was anticipated and that plans were in place to expedite the process, in which case, we should see the deal completed in the next ten or so working days.

[moneymunch] 19/11/2018 10:36

New York Times 

Nov. 19, 2018

HONG KONG — Attention, European independent fashion brands: Shandong Ruyi, the Chinese conglomerate, is open for acquisitions.

That’s according to Qui Yafu, the textile giant’s chairman. Speaking at The New York Times International Luxury Conference last week in Hong Kong, Mr. Qiu encouraged the audience of luxury insiders to get in touch if they had any good opportunities.

It was the latest indication of a new stage in the consolidation of the industry, as two of China’s biggest conglomerates have been on a shopping spree for fashion brands that has drawn the kind of attention normally reserved for the three global luxury giants: LVMH Moët Hennessy Louis Vuitton, Kering and Richemont.

Spurred by demand from shoppers at home, Shandong Ruyi, China’s largest textile producer by revenue, and Fosun International, a steel-to-real-estate conglomerate, have picked up a dizzying array of brands that include Lanvin, the oldest surviving couture house in France, and St. John, the American classic knitwear label.

[bignads] 15/11/2018 10:02

Only a matter of days now. Funny pattern of trades developing - people optimistic at the beginning of the week turning to pessimism at the end. Day of the week irrelevant in my view!

[moneymunch] 13/11/2018 13:54

Chairman of Ruyi Fashion Holding Group, Qiu Yafu speaks at the New York Times International Luxury Conference

ACN NEWSWIRE

 

Nov 12, 2018

Chairman of the board of directors of Ruyi Fashion Holding Group, SMCP S.A., Renown Incorporated and Trinity Group, QIU Yafu gave an opening keynote at the annual New York Times International Luxury Conference in Hong Kong.

HONG KONG, Nov 12, 2018 - (ACN Newswire) - Chairman of the board of directors of Ruyi Fashion Holding Group, SMCP S.A., Renown Incorporated and Trinity Group, QIU Yafu gave an opening keynote at the annual New York Times International Luxury Conference in Hong Kong.

In his speech, Qiu Yafu added a unique and forward-thinking perspective to broaden the theme of the conference 'What's next in the new luxury world (Dis)Order'. Qiu Yafu said: "The future fashion ecosystem will be a big-data enabled new ecosystem with the customer in the centre, as the demand from younger consumers becoming personalised. Luxury fashion will become seasonless as consumers expect deeper levels of customisation, originality, socialisation, sharing, and collaboration between brands. Apart from improving the end-to-end value chain, leverage new technologies such as the IOT and big data to interact with consumers is the key." 

He added: "Globalisation has shaped a highly connected world in which companies should achieve open collaborations via global resources integration. Through cooperation with various business partners worldwide, Ruyi Fashion Holding Group has transformed from a China-based textile manufacturing company to a global organisation with businesses in technology-based advanced manufacturing and fashion brand retail."

[moneymunch] 13/11/2018 08:06

Ruyi's $16.5m investment at 3.5p a share for a 54% contolling stake is one of the best deals around imho and also one of the best risk reward opportunities for transformational returns.......Ruyi have a plan to transform Bagir's fortunes and their investment through the expansion and development of Bagir's 100% owned duty free Ethiopian manufacturing base and no doubt will see a flow of new business and supply contracts to service Ruyi's global aspirations, as well opening up the huge Chinese market to the Bagir brand.......this is going to be BIG.......and every chance that Bagir's market cap and share price will be many multiples of the current bargain low in the coming months, as increased sales revenues and profits come rolling in. Gla Holders On and UP!!! ;-)

[moneymunch] 12/11/2018 16:30

It's not just about the brand " Bagir" that Ruyi will be promoting to the huge Chinese market which no doubt will transform Bagir's fortunes in itself, but it's also about the expansion and ramping up production of Bagir's manufacturing plants in Vietnam and Egypt and specifically the duty free Ethiopian factory, and so sales revenues and profits are likely to rise exponentially along with Bagir's sp, under the inluence and direction of one the world's leading players . Gla Holders....Exciting times for all invested. ;-)

"Ruyi has firm and specific requirements and strategic positioning for fashion brands. We are always studying and watching brands that fit the positioning of high quality, high growth and high pricing," he said.

Ruyi and Qiu are looking to help brands target China's huge but slowing domestic apparel market, which research firm Euromonitor expects will hit 2.2 trillion yuan (US$316.05 billion) by 2022, up around 10 percent from its current size. To that end, he said the firm would look to leverage big data and online stores to reach more shoppers.

[moneymunch] 12/11/2018 12:31

This current bargain low share price will be gone in a blink...... Gla holders Transformational deal news fast approaching for little old Bagir.....On and Up!!! :-

[moneymunch] 12/11/2018 09:24

Deals

‘LVMH of China’ to Slow Deal Pace After $4 Billion Global SpreeBy 


November 12, 2018, 6:26 AM GMTUpdated on November 12, 2018, 8:36 AM GMT

Ruyi to focus on integrating existing brands over medium term

Chinese answer to LVMH seeks to revitalize Trinity’s business

Ruyi Holding Group, the Chinese apparel firm that’s taking over Bally International AG, will slow its dealmaking after announcing more than $4 billion of overseas acquisitions in the past three years.

The company will focus on integrating existing brands and ease its M&A pace in the short to medium term, chairman Qiu Yafu said in an interview Monday in Hong Kong. In the future, Ruyi will only consider buying labels that are profitable and have high growth potential, according to Qiu.

“Some of the brands that we bought, although they’re heritage brands and enjoy very high consumer recognition, their business performance was far from ideal,” said Qiu, 60. “We need to give them time -- say five years -- to turn those brands profitable.”

Qiu Yafu

Photographer: Anthony Kwan/Bloomberg

The group needs to inject new, trendy elements into underperforming brands and boost their e-commerce offerings, according to Qiu. It plans to invest more to revitalize labels owned by Hong Kong-listed unit Trinity Ltd., which controls British bespoke tailor Gieves & Hawkes, Qiu said. Ruyi sees Trinity’s profit improving significantly next year after increasing online sales in China, he said.

Ruyi is shifting gears after declaring earlier this year its ambition to develop into the LVMH of China. The company, previously a little-known Chinese textile manufacturer, now owns several European luxury brands after purchases including U.K. trench coat maker Aquascutum and SMCP SA, the French fashion retailer whose labels include Sandro, Maje and Claudie Pierlot.

Buying Spree

China's Ruyi spent more than $4 billion on overseas acquisitions over three years

Source: Bloomberg reporting, data compiled by Bloomber

Luxury companies such as Gucci owner Kering SA and LVMH Moet Hennessy Louis Vuitton SE are counting on increasingly wealthy Chinese shoppers for the lion’s share of their growth. Consumers in the second-biggest economy spent 105 billion euros ($119 billion) on luxury purchases last year, almost a third of the worldwide total, a proportion expected to reach 40 percent by 2024, according to Boston Consulting Group.

SMCP’s brands have increased online sales in China by 40 percent to 50 percent this year, Qiu said. Ruyi targets similar growth rates for Trinity following recent partnerships with some online platforms, he said. It took control of Trinity in April, surpassing billionaire brothers Victor and William Fung as the company’s biggest shareholder.

Trinity operates more than 250 stores in Greater China and Europe for Gieves & Hawkes, British clothing label Kent & Curwen, Paris-based Cerruti 1881 and licensed brand D’urban.

Ruyi aims to complete its purchase of Invista’s Apparel & Advanced Textiles unit, which owns the rights to materials including Lycra and Coolmax fibers, by year-end, Qiu said. It’s paying more than $2 billion to buy the business from Invista, which is an arm of Koch Industries Inc., Bloomberg News reported last year.

The Chinese group wants to learn from LVMH’s multibrand approach, which allows a company to harness synergies while preserving each label’s individuality and market niches, Qiu said. It also wants to match LVMH’s pursuit of high-quality products, he said.

“We understand there’s still a long way for us to reach there,” he said. “We hope to make Ruyi a well-known Chinese equivalent of LVMH in perhaps 30, 40 or 50 years.”

Founded as Shandong Jining Woolen Mill in 1972, near the birthplace of Confucius, Ruyi controls Tokyo-traded Renown Inc. and Shenzhen-listed ;Shandong Jining Ruyi Woolen Textile Co. It’s also been expanding in the U.S., cementing plans in 2017 to open a factory in Forrest City, Arkansas, and create as many as 800 jobs.

[moneymunch] 12/11/2018 09:17

Tick Tock;-)

[moneymunch] 08/11/2018 09:20

UP and running...Transformational deal news coming soon. Gla :-)

[moneymunch] 07/11/2018 14:12

Buyers returning big time in anticipation of imminent deal news.....Rns logged??? Gla holders Tick Tock Boom!!! :-)

[moneymunch] 07/11/2018 12:54

400k and 380k plus buys just in....Tick Tock:-)

[moneymunch] 06/11/2018 12:58

Following completion of the acquisition Bagir will own 100% of Nazareth Garments after it bought the first 50% stake in November 2014, and it has since invested in developing the manufacturing site with new machinery, this resulted in the company completing its first international export order for Swedish clothing retailer H&M in late 2016, along with a trial order for Haggar CLothing, a US men’s trouser retailer.

Over the next five years, the company intends to invest and expand Nazareth Garments further. The group said that Ethiopia has strategic advantages in terms of its duty-free export status for sales to the UK and US, low production and energy costs and proximity to Europe, which it believes will become a viable option from where international retailers will source significant volumes.

[moneymunch] 06/11/2018 12:58

One day closer to deal news. Gla ;-)

[moneymunch] 06/11/2018 12:49

Bagir 's annual sales revenue is c $50m and they've been busy implementing cost cutting measures and stream lining production operations at their factories in Vietnam and Egypt and have already made significant progress in expanding operations at their duty free Ethiopian manufacturing base which will be accelerated with Ruyi 's $16.5m cash and direction....I believe that Hagar Clothing in the US are one of Bagir's major customers as well as H&M for existing production from Ethiopia, and so one can imagine that sales will rise expotentially as production is ramped up....and then of course with Ruyi on board, the massive Chinese market will be wide open and so the numbers could eventually be jaw dropping. ...in the meantime we should see the share price pushing higher as buying volume picks up in anticipation of imminent deal news....Excitement building for all Shareholders....and those that don't hold at the moment better get a move on , or will very likely miss out on the re-rate on confirmation of Ruyi's 54% controlling stake and receipt of $16.5m cash Gla....it's going to be BIG!! :-)

CEO Eran Itzhak said: “Alongside our trading performance which reflects the investment we have been making in expanding our Ethiopian production capacity, we have made significant progress since the year end with the strategic partnership with Shandong Ruyi. [This will] support the growth of the business, in particular the expansion of the Ethiopian manufacturing site. This investment together with being in partnership with Shandong Ruyi will undoubtedly be transformative for Bagir.”

[moneymunch] 06/11/2018 05:07

Lol....Scumbag Gimp Alert!!! ;-)

Gla Holders...Transformational deal news coming, a sudden and significant re-rate on confirmation. Tick Tock Boom!!! ;-)