85
Fashion Jobs
JO MALONE LONDON
Education Manager, Jml/lm
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Senior HR Operations Executive/ Assistant Manager
Permanent · HO CHI MINH CITY
ADIDAS
Key Account Manager (Franchise)
Permanent · HO CHI MINH CITY
ADIDAS
Senior Manager, Commercial, Adigolf, Vietnam 1
Permanent · HO CHI MINH CITY
ADIDAS
Key Account Manager 1 (Franchise)
Permanent · HO CHI MINH CITY
COLUMBIA
lo Costing & Engineering Manager
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Category Manager - Cpd
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Business Planning Manager - Cpd
Permanent · HO CHI MINH CITY
ADIDAS
Senior Manager Product Creation (Sportwear)
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Product Manager - Shu Uemura
Permanent · HO CHI MINH CITY
ADIDAS
Manager, Quality Product Integrity
Permanent · HO CHI MINH CITY
TAPESTRY
Manager, Manufacturing Engineer
Permanent · HO CHI MINH CITY
SPECIALIZED
Painting Quality Engineer - Bình Dương, Vietnam
Permanent ·
ON RUNNING
Social Compliance Specialist - Hcm Based
Permanent · HO CHI MINH CITY
ADIDAS
Senior Manager, Sourcing Operations
Permanent · HO CHI MINH CITY
WILLIAMS SONOMA
Wood Sustainability Specialist - (Global)
Permanent · THUẬN AN
PUMA
Manager Quality Apparel & Accessories
Permanent · HO CHI MINH CITY
PUMA
Senior Executive, Finance
Permanent · HO CHI MINH CITY
PUMA
Head of Quality Footwear
Permanent · HO CHI MINH CITY
PUMA
Quality Engineer Cobra
Permanent · HO CHI MINH CITY
PUMA
Key Account Manager, Marketplace E-Com
Permanent · HO CHI MINH CITY
ON RUNNING
Head of Footwear Sourcing
Permanent · HO CHI MINH CITY
Published
Jan 28, 2013
Download
Download the article
Print
Text size

Li Ning looking to raise 180 million euros

Published
Jan 28, 2013

At the end of December, Li Ning announced a loss for the financial year 2012. The Chinese sportswear retailer has since been questioning its business model for its domestic market. In order to face up to problems in the company’s retail network, Li Ning is undertaking a “Channel Revival Plan”. As confirmed at the end of December, the plan will cost between 170 and 220 million euros and consists of reducing old inventory, improving product freshness and optimizing merchandising, coupled with network rationalization.

To support the Channel Revival Plan, Li Ning management has announced that it is looking to raise between 177 and 179 million euros via issuing convertible securities with a value of 3.50 Hong Kong dollars each. Each security can be converted into a share of the same price, which is 43% lower than the stock’s closing price before the announcement.

"We are at a critical point in executing our plans and transforming our business,” said Li Ning, Founder and Executive Chairman of the Group. “The additional capital to be raised through the Open Offer and continued support from its key stakeholders will ensure a stable platform while we work to restore the Group to sustainable growth and profitability in the long-term and step into a new phase of our development.” Viva China, a Li Ning family company, and TPG investment funds will remain main shareholders in the group.

Copyright © 2024 FashionNetwork.com All rights reserved.