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JD.com achieves $23bn record sales on Singles Day

By Taruka Srivastav12 November 2018 09:13am

JD.com has achieved record sales of $23bn this Singles Day

E-commerce brand JD.com saw a a record RMB 159.8bn (approximately US$23bn) sales over 11 days from November 1, during its Singles Day Shopping Festival.

Brands such as Apple, Dell, Dyson, L'Oréal, SK-II and Pampers saw massive sales as products from the US, Japan, Germany, the Netherlands, and South Korea proved popular.

JD also opened its largest offline fresh food 7Fresh store to date in Langfang, Hebei Province, this Singles Day.

Lei Xu, chief marketing officer of JD.com and chief executive of JD Mall, said: “There is a noticeable shift in China toward quality over price, which we see in the growing numbers of consumers who are willing to pay more for branded and imported goods.

"By establishing trust with consumers and brands, thanks to our zero-tolerance policy toward fakes and our innovations in areas such as blockchain traceability for product safety, JD is in a unique position to meet that demand.”

Jianwen Liao, chief strategy officer at JD.com, said: “After more than a decade of building out technology and infrastructure for our own retail business, we will spend the next decade extending our capabilities to enable and empower both online and offline retail innovators.

“We see the future of retail as one without boundaries, and we are working to bring consumers true boundaryless retail, where they can buy whatever they want, whenever and wherever they want it.”

Gieves & Hawkes launches on JD.com

19 October 2018By Grace Whelan

Menswear brand Gieves & Hawkes has launched on JD.com.

The bespoke British brand is part of Trinity Group, a leading menswear group based in Hong Kong, owned by Ruyi International Group.

JD and Ruyi recently entered into a strategic agreement, focusing on fashion technology and a joint sponsorship of the British Fashion Council/GQ Designer Menswear Fund.

Vice-president of Ruyi International Group, Qiang Cui, said: “JD’s experience in marketing international brands to China’s most stylish consumers makes it the perfect partner in Ruyi’s mission to cement our place as a world-leading fashion group with the most recognisable brands.”

Transformational deal news fast approaching for Bagir and its shareholders and no doubt not long before Bagir launches its own store on JD.com under Ruyi's guidance and influence giving them direct access to 300 million on-line Chinese customers.....it's going to be BIG!!! ;-)

JD.com signs “boundaryless retail” tech deal with Ruyi

Monday, 10 September 2018

JD.com, China’s largest retailer, has confirmed that it has signed a strategic agreement to provide e-commerce technology to Ruyi, the owner of global fashion brands including Aquascutum, Cerruti 1881, Sandro and Maje.

In a press statement, JD stated that it will deploy its full suite of “boundaryless retail” technology, including smart logistics, supply chain solutions, big data-enabled inventory management, and membership systems to establish a retail management system for Ruyi’s subsidiary brands.

In addition, Ruyi will also deploy JD’s virtual and augmented reality shopping technology in its brick-and-mortar stores, to offer customers a seamless shopping experience.

The companies will also jointly build fashion and lifestyle “future of retail” concept stores in Beijing and Shanghai first, to showcase JD’s smart retail technology as part of JD’s ‘Retail as a Service’ strategy, where it offers its technology and infrastructure to retailers and brands.

The partnership will also see Ruyi and JD expanding their existing efforts to bring Ruyi’s portfolio brands to JD’s over 300 million customers. Ruyi already operates several flagship stores on JD.com, including Cerruti 1881, Kent and Curwen, and D’Urban, and will add stores for Sandro, Maje, Aquascutum, and its other brands on JD’s platforms.

https://fashionunited.uk/news/business/jd-com-signs-boundaryless-retail-tech-deal-with-rudi/2018091038766

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Aquascutum launching store on JD.com

Tuesday, 20 November 2018

The British heritage brand opens an official flagship store on China’s largest e-commerce retailer, JD.com. The opening is coupled with Black Friday, offering steep discounts of up to 60 percent off.

Known for its iconic trench coats, Aquascutum will be offering their signature styles and a selection of merchandise on the new JD.com store.
Aquascutum launching store on JD.com

“We are extremely happy to welcome another renowned U.K. brand to our family of international fashion brands,” commented Victor Hu, President of JD Fashion and Lifestyle in a statement. This partnership is said to be contributing towards JD’s vision of ‘Boundaryless Retail’, the ability for consumers to buy whatever they want, whenever and wherever they want it.

Aquascutum was sold to Shangdong Ruyi in 2017 in a 117 million dollar deal. The Chinese Group have ambitious plans to compete with the luxury giant LVMH, and have revealed global deals targeting ‘affordable luxury’ earlier.

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Good luck clumpet, the deal has been in the pipeline for a full 12 months now, Ruyi have been on a spending spree for several years and have announced many high profile deals , the majority worth 100's of millions of dollars , but all deals require Chinese regulatory approval first and so given the timing of the long awaited EGM for shareholder approval and the apparent time it takes for Chinese regulatory approval, ( a couple of months )....then news of the deal must be very close, although the perceived delay and Canaccord off loading a few ( portfolio management only imho ) has raised concerns and caused many investors to become impatient and a few to sell up at these current lows....yet despite this the time frame for confirmation appears to be right on track imho.....those that are holding tightly and patiently will be well rewarded very soon. Gl.:'l

and a reminder on proceedings....up to 2 months for Chinese Regulatory approval.....FILL YA BOOTS from this rockbottom bargain low sp......Plenty of Upside coming soon!!! :-)

9 October 2018

Bagir Group Limited

("Bagir" or the "Company")

Result of EGM

Bagir (AIM: BAGR), a designer, creator and provider of innovative tailoring, is pleased to announce that at the Extraordinary General Meeting ("AGM") held earlier today, all resolutions were duly passed. The resolutions to effect the Proposed Investment by Shandong Ruyi, being resolution 1, 2 and 4 were passed with 100% of votes cast in favour of the resolutions.

Completion of the Proposed Investment is now conditional upon satisfaction (or, where applicable, waived by Bagir and/or Shandong Ruyi Technology Group) of the obtaining of all necessary approvals by each of the China Provincial Development and Reform Commission, the Department of Commerce and the State Administration of Foreign Exchange and the receipt of the Cash Payment from Shandong Ruyi. On completion of the remaining conditions, application will be made for the New Ordinary Shares to be admitted to trading on AIM.

The Board looks forward to updating the market on the completion of the Proposed Investment shortly.

Eran Itzhak, Chief Executive Officer of Bagir, said, "As we expected, today's EGM has confirmed that shareholders of Bagir are strongly supportive of Shandong Ruyi, the global textile manufacturer and retailer, investing $16.5 million into the Company to become the majority shareholder and close commercial partner. The future potential of Bagir has as a result been significantly expanded and as a management team we are looking forward to developing the business alongside our new global partner."

Lol clumpet....Bagir's major shareholders voted 100% in favour of the deal, and so we're now awaiting on Ruyi who are awaiting regulatory approval from a couple of Chinese government departments....both deposits made by Ruyi remain in full in Bagir's bank account awaiting instruction from Ruyi when their 54% controlling stake and receipt of the full $16.5m cash is finally confirmed.....much of the cash is earmarked for the expansion and acceleration of the duty free Ethiopian manufacturing base....it's going to be BIG.....all good things come to those who wait!!! ;-)

Chinese regulatory approval used to take a lot longer......it's now been accelerated to take 1 to 2 months......so anytime now imho.....Gla holders....On and Up!!! ;-)

Points to Remember in Outbound M&A Deals by ... - Mizuho Bank

2 Feb 2016 - Shandong Ruyi Group acquired Renown, an apparel ... commercial department and/or the State Administration of Foreign. Exchange, etc., in ...

Accelerating outbound M&A deals by Chinese companies

Boosted by deregulations in China

In addition, application procedures were streamlined, and the time required was drastically reduced to approximately one or two months.

https://www.mizuhobank.com/fin_info/cndb/economics/kanan_asia/pdf/R421-0048-XF-0105.pdf

Ps Canaccord's second Tr1 arrived 8/11/18 and not 8/9/18. Gla :-)

Portfolio management by Canaccord, who confirmed 31/10/18 they had reduced their holding by 0.9566% ( c3m shares ) and again 8/9/18 by 1.3% ( 4.1m shares ), and since then we have had 5 x 500k sells and one for 638k and any other sells have been under 300k and mostly under 200k , and so Tr1 due if it's Cannaccord. They currently still hold 35.8m shares....Bagir's sp could have been 3p plus already they hadn't been off loading imho, and so fingers crossed that they're near enough done and fingers crossed news on the Ruyi deal is on its way. Gla Tick Tock ;-)

Lol, and just as well otherwise a lot of people would miss out on their presents if suddenly arrived tomorrow..Gl. :-)

It'll be Christmas shortly.....Gla :-)

Nothing more than portfolio management by Canannacord imho and probably want to divert some cash to other investments that are expecting imminent action....they inherited the shareholding from Hargreaves Hale and have sold a couple % plus over the last few weeks and it now looks like they might confirm selling another 1% soon...they currently hold 11% plus....Gla holders Transformational deal news coming, although just like the rest of us Canannacord doesn't know exactly when. :-)

Hi Adam, no direct quote from Ruyi, just an assumption by me that if Ruyi's CEO is planning to tie up outstanding $2 billion deal year end, then Bagir's $16.5m deal must be close. Gl :-)

12/11/18

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

https://m.scmp.com/business/companies/article/2172813/ruyi-chinas-lvmh-slows-acquisition-pace-after-us4-billion-global

Upward momentum coming soon ( very likely ) in anticipation of imminent transformational deal news. Gla holders FILL YA BOOTS from this rockbottom bargain low.....On and Up!!! :-)

All good things.....Shareholder approval confirmed 9/10/18, and we are now awaiting for Chinese regulatory approval and receipt of the full $16.5m cash....Chinese regulatory approval apparently takes a month or two, and so news coming soon imho. Ruyi's CEO confirmed to Bloomberg last week that a $2 billion deal for the manufacturer of Lycra will be completed year end, and so Bagir's $16.5m anytime now....and so should be a good Christmas for those that hold. Gla holders....Cheap as chips at the moment. :-)

Lol....C'mon Shandong Ruyi.....Show us the MONEY!!! :-)

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.

https://www.nytimes.com/2018/11/19/fashion/luxury-shandong-ruyi-fosun-china.html

Lots of reasons imho why Bagir's prospects have little to do with Canaccord selling some shares, they still hold 11.5% after selling 2% plus over the last few weeks....Canaccord inherited the shareholding from Hargreaves Hale who were focused on UK small caps, and the take over has generally been detrimental to the majority of Hargreaves employees .....Gla holders.....Transformational deal news fast approaching...;-)

In July last year, we announced CGWM’s acquisition of leading independent investment and wealth management business Hargreave Hale, helping us to deliver on our ambition to offer an all-encompassing range of wealth services under one roof for the benefit of our mutual clients.

For Hargreave Hale clients, CGWM brings expert central support by way of our Chief Investment Office, bespoke investment research and our financial planning service (for those clients who don’t enjoy an existing relationship elsewhere) and, through the wider Canaccord Genuity Group, access to our global investment banking network. Hargreave Hale offers a national footprint, small and mid-cap equity stock picking expertise, and a tremendously successful fund management business.

If you are an existing Hargreave Hale client, or contact, and new to CGWM, please don’t hesitate to get in touch with us if you have any questions. Your Hargreave Hale Investment Manager will be available on the usual contact details or you can find our branch contact details here.

https://www.canaccordgenuity.com/wealth-management-uk/about-us/


11 May, 2018
Hargreave Hale loses London office head as six staff exit

There have been six more exits from Hargreave Hale, taking the total number of staff that have left the company in 2018 to eight.

https://citywire.co.uk/wealth-manager/news/hargreave-hale-loses-london-office-head-as-six-staff-exit/a1117685

1/10/18

https://citywire.co.uk/wealth-manager/news/canaccord-shuts-hargreave-hale-branch/a1158858

Portfolio management

With our portfolio management service (or discretionary portfolio management service as it is also known), our investment professionals build and run a personalised portfolio on your behalf, without needing to ask your permission each time they want to make an adjustment.

We believe it is more important to manage your portfolio to meet your risk objectives than to chase short-term returns, so we will design your unique portfolio to meet your individual needs and attitude to risk.

Our investment team will look for suitable opportunities from around the world, investing in individual stocks and bonds, and other alternative asset classes. They also invest in third party investment funds, for added diversification and access to a wide range of investment styles and strategies.

https://www.canaccordgenuity.com/wealth-management-uk/personal-wealth-management/portfolio-management/

Lol....I expect any detractor has been frustrated at not being able to mention a placing with the prospect of $16.5m cash winging its way to Bagir's bank account...ha ha ha...and if I remember rightly, it was yourself that raised the issue here of Ruyi delisting Bagir once they have control.....Ho Ho Ho....deramper speak comes to mind.....:-)

Bagir's sp will re-rate on deal completion and receipt of the full $16.5m cash in the bank...the sp hit 3p plus on EGM day but retraced when it was realised that Chinese Regulatory approval was needed before it could proceed......sub 2.5p has been breached because of Canaccord's discretionary client and the sp would very likely be 3p plus if they hadn't been selling ( the fact that they are has no relation to Bagir's prospects imho )....and as for £5k buys coming in.....the sp generally heads north if there's enough and so your average shareholder will be happy to see this, especially when it could be an indication of imminent news.

Confirmation of of the deal will see Bagir's sp re-rate around the 3.5p mark imho, the price that Ruyi are paying per share, and after a period of fluctuation as profit is taken, will push on to news highs as positive newsflow arrives in the coming weeks and months thereafter. Ruyi's involvement in Bagir's future is really a very big deal indeed and those invested at this current bargain low will do very well indeed.....Double figures in sight, more than likely in time for March results ....Gla holders Transformational deal news fast approaching.....:-)

Lol simber, your posting history here is generally pessimistic on proceedings and appear to be keen on down playing Bagir's current business position, especially now that we are approaching deal news.....confirmation of which will see a significant rise from this current rock bottom bargain low sp imho......i've never said that this will rocket to double figures on deal news, but double figures will arrive in the coming months as new business and supply contracts come in, under Ruyi's influence and direction , along with the expansion of the Ethiopian manufacturing base and acceleration of production that will follow.

Bagir are in transition and are in the process of stream lining operations in Vietnam and Egypt , and have also invested in new machinery , recruitment and training in Ethiopia as per the Chairman's statement in September 2018 , all of which increased production costs first half of 2018 and impacted on profits, and so second half results should be much improved as many of these cost cutting measures have already been implemented, and are expected to save $5m a year, and so essentially an extra $5m in profit per annum regardless of the Ruyi deal or any new business that will undoubtedly follow.....it's also absurd of you to ask why Ruyi hasn't placed any large orders yet.....ha ha ha ha....they're not going to place any orders until they themselves receive regulatory approval for the deal to proceed and we have no idea what's going on in the background ......all will be revealed in good time.....and as far as Canccord is concerned, how they manage their portfolio is up to them, but they're a $28 billion Candain/global investment firm with many clients and i very much doubt that any selling by their discretionary client is directly related to Bagir's prospects, they bought out Hargreaves Hale last year who were a long established UK firm focused on small caps ( mostly ) and Canaccord are not, although their discretionary clients still hold 11% plus of Bagir.......the articles i copy and paste are related to Bagir and Ruyi, and the statements made by Bagir's CEO and Chairman highlight a rosier picture and near term outlook on their business proceedings than you appear to have......Bagir's doing alright, and Ruyi's involvement will be transformational for all concerned.....and far quicker than many realise imho.....Gla Holders.....Tick Tock BOOM!!! ;-)