Member Info for ragtrade

@PM TBH it's Rob Templeman and P/E that i believe destroyed Debs, very few u/s or know the back story, Belinda Earl/Paul Marchant went head to head wiith RT and P/E . Belinda and Paul wanted to go challenge John Lewis and really push it more up market than it was at the time, re investing back into stores, they lost and RT and P/E came in and tore it apart, taking every ounce of value that was in it, 23 sale and crazy long lease backs , they then had the audacity to take it back to the market with 1.2 bill of debt , ton of other stuff as well, it wasn't well received but by then a ton of money had been taken out and it had already started on a downward slope, any money made out of the re float was great fully received and not long later RT drove out of Welbeck NCP into the distance in his Supercar (Ferrari i think) to go bother Halfords etc etc etc. P/E asset stripping has been the cause of many a companies demise, quiet and silent, never in the public eye, as bad as Green if not worse, biggest mistake Green made was sticking his ego above the parapet.

TCM , big time , i've mentioned this numerous times now, its a huge task, you sub contract at Asos 25k fine and this is just for printing or embroidery etc , do it on actual making garments and your out. Leics has been supplying old BH this capacity is def reduced now, with new BH they need to expand for Debs , Burtons and DP's etc, its also what the analysts have been saying since latest buys on Burtons and DP's, altho with these two structure is intact inc most factories around globe.
This is a Worldwide Company now in terms of supply, its not possible to watch dog 100% of the time so trust is paramount and very severe penalties need to be imposed should anyone even think of crossing the line, AR has massive experience so they will get there, just need to avoid your one stray carton otherwise they are right back where they started, on the share price at least.

AJ Bell Analyst commenting on todays purchase and sums up what i can also see behind the shop window, online tax has not helped but beyond that BH has answered the many issues it had with them Demographic but now it faces City uncertainty as to how it will manage them, sometimes BH can't do right for doing wrong but this time i think the concerns short term are at least valid for Debs only tho.
THE EXPERTS’ VIEW
Russ Mould, investment director at AJ Bell, commented: ‘Boohoo now has a lot of work on its plate in sorting out the strategic direction for its plethora of newly-acquired brands. At the same it is still trying to improve standards across its existing business which means management will have to be good at multitasking or chaos will ensue.’
Jefferies sees this deal as ‘a very good one for boohoo - absolutely consistent with the strategy of adding brands to its multi-brand platform, a transaction type in which the group has a demonstrable track record, and a very reasonable price for some substantial, scaled assets.’
‘It continues to scale up, but we question the band width of the existing management team and potential execution risk continues to rise with every acquisition.’

Windy , said it before i'll say it again, i don't see Danial Trumps posts, i was answering Pmoran and a post Moose quite rightly made about ESG , go back check and see, if i say Black then Trump says White, he always posts after i've posted, never see em as i filter a troll's and gas lighters, only a couple on here tho, mostly everyone decent.
Interesting to hear your sister is at BH , tbh if it's not Indie Brands going on there then everyone's wrong, i'm sure you know an indie brand is an independent Brand which is separate from Own Buy Brands.

Let's wait and see.

One additional point i want to make about ESG , Market Place, lets be optimistic 300 clothing Brands, Asos has built up over the years over 1000 now, you cannot simply just go, boom place your goods on our site, 300 Brands, God knows how many products being sourced from all around the World, all of a sudden you haven't done due diligence on all of these Brands, which is a massive task and one or two suddenly crop up as having sourced from a Fty with Child Labour then bang , you've hit the longest snake on the Board, this is BH remember, they cannot simply go " oh we weren't aware" they already tired that and look what happened.

@PM yep 100% correct.
You have to u/s the nuances of the trade to grasp how this will work for Debs.
They will need buying departments for all own buy Brand offers, they now have many own buy Debs Brands that i've mentioned previously, tbh i think that some of these Brands can be absorbed into the Arcadia buying teams eg Red Herring also bought by Burtons Buyers to ensure no cross over. So everyone is aware each cat was broken down at Burtons eg casual shirt buyer, denim buyer, jacket buyer, jersey buyer, where as Debs Red Herring, one buyer all categories.

Much is being made of the Market Place offer by some on here, however, this will still need to be controlled, Asos has a team that signs off the Brands on there Market Place to say yep like your product fits in with our image away you go, so again team will need to be put in place.
Ironically the one team at Debs that still had some assembelance of structure still was the Wholesale Branded Buys as this was what drove the Debs business over the last year as suppliers shied away from suppling own buy. It's naive to think that these guys will sign up to market place and handle all the returns, the size of their business means that they require a forward order book, they do have some capacity to handle returns but to go from a situation where they could plan there production and sell to Debs and not worry to one where they have to take all the risks and then accept back bulk returns from Debs is never going to happen.
So they need to move apace as we are currently working on AW21, test repeat is old news, as you mention not required for most of these Brands of which there are many, Christmas may have just gone but range planning is well underway, this now applies to all BH rev streams, Own Buy, Wholesale Buys and Market Place, for the first two the next few months are critical, for the latter that's down to the ones who want to be on there to worry about, but BH isn't going to massive money on MP s for some time, lots of little Indie Brands chipping in 15% to the coffers.
For me this is why this share to see any real gains has gone from long to longer term as the real fruits and big rise won't be seen to this time next year, today is a good example, despite great news we see SIGH !!! a big dip, the market is focusing on possibly tax rises rather than seeing where BH can now go, they know the journey is long one and lots to prove along the way and not least yet again a TCM Carton, which i will keep mentioning until i really see a iron tight grip and at mo i don't , todays announcement in Drapers just goes to show they don;t have the capacity to shut down sub contracting over nigh like they really should.

@PM i stopped buying make up yeas ago as i suddenly realised i looked better without it, so my knowledge in this sector is poor!! however the teams at Arcadia are excellent , having worked with many of them JL also understands what they are capable of, its a big bonus that they have remained intact through the Admin, i think we have furlough to thank for this!

Great confirmation today

See today Drapers tying in with this see below, this mentions sub contracting, as i keep mentioning with these new purchases structure is going to be vital if BH are to avoid the snakes and ladders long drops.
Asos couldn't be more different, one stray carton and immediate 25K fine, this was a gradual process over the years, last couple of years no quarter is given, Compliance Companies who work on Asos behalf turn up on site unannounced if they find one invoice in your books, or a stray package lying around addressed too a company you have not declared they dig hard and deep, if this a print house or embroidery house then 25k fine and no more warnings your out, if it is actual production your struck off immediately.
Factory production will now be reduced in Leics, lots of pressure now on sourcing and its ability to control it World Wide production, not just in its own back yard, lots of brands lots of production sites across the globe.
200 plus staff kept on from Arcadia head office, this is great news, unlike Debs there weren't many staff left, these guys are a vital source of knowledge and info, at least with these purchases they can hit the ground running and tie in all the independent inspection agencies to try and avoid TCM's stray carton.

Boohoo: Fast fashion giant Boohoo Group has told its Leicester-based suppliers not to subcontract orders and bring all clothes-making work in-house, the BBC has reported.
Suppliers have been reportedly given a deadline of 5 March to stop using outside labour. Boohoo Group says it is acting on the recommendation of barrister Alison Levitt’s report into worker welfare.
The report recommended that Boohoo should reduce its approved suppliers to a list which contains a manageable number of companies, ideally without reducing capacity with "the goal of reducing and ultimately eliminating subcontracting”.
Boohoo Group faced allegations of using Leicester factories that did not pay the minimum wage last summer.
Drapers has contacted Boohoo for comment.

Webba , nice read, just wish i understood what it meant, into 2nd bottle of Gavi which maybe distorting things, i did get the pants bit tho.. My mind currenly on BCI, recycled jersey and ESG out of Tirupur, so somecsynergy with your pants. Loving your work

Other Boards !!! We are the GONI. Come and have a go if you think your ard enuff,

Splice #nailed it

Dont feed the psychosis.

Inferno just filter em they have same attitude, dont get drawn in, filter and walk ,feels great.

Pretty convinced him and Danl90 same person.

No surprise to me , i filtered him.

He's not the messiah, he's a very naughty boy!

Hyde31 great post dude, i'll defer to Moose on breakout but nice work.

JD Sports raises cash for more acquisitions
JD Sports will raise around £464.2m through the placing of ordinary shares to further its expansion
The placing shares represent around 6% of the existing issued capital and will raise gross proceeds of £464.2m.

The placing price represents a discount of around 2.5%, to the mid-market closing price of 815p on 3 February.

A statement said the group's profit before tax and exceptional costs has risen from £100m in 2015, to £439m in the financial year ended 1 February 2020.

The directors believe there are a number of attractive acquisition opportunities becoming available that will support its expansion strategy.

Splice , LOL, what col did you wear, matching whistle?

Also key in the pic is the shape, Baggy Tapered, girls just put a jean into work today for Miss Guided on this block, ton of rips on it.
Coloured denim in Baggy Tapered coming back big time , in twill and for AW21 , 8 wale cord.
25 legs panels for Asos mens in work for above fabrics.
Yes spot on mate xoming back big time, fit and cols.

KCC i hear ya but you won't find one message on here from me to him because i do not see his messages and don't engage with him, don't need to he offers nothing, grade 1 BH ramper, every time i posted before he responded and was desperate to engage in an argument, he well be responding to some of my replies to questions i've answered as i have a sea of green every time i post go back check, but you'll have to have a word in his shell like for that , the guys a troll.