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
Sep 3, 2018
Reading time
2 minutes
Download
Download the article
Print
Text size

Bagir agrees terms with Shandong Ruyi on major investment

Published
Sep 3, 2018

Bagir, a private-label clothing maker which supplies to major brands such as H&M and Brooks Brothers, has agreed terms on a $16.5 million investment from Chinese group Shandong Ruyi.


Bagir


The proposal will see Shandong Ruyi pay $16.5 million for more than 670 million ordinary shares, equivalent to 53.7% of Bagir’s enlarged share capital. The Chinese textile and clothing giant already has UK suit maker Gieves & Hawkes, UK clothing brand Aquascutum, France’s SMCP and Italy’s Cerruti 1881 in its portfolio, and acquired a controlling stake in Bally in February.

Bagir said the investment will be used to accelerate the development and expansion of its manufacturing facility in Ethiopia, and so will help it attract new contracts with major clothing brands. It also expects its association with Shandong Ruyi to contribute with “significant new commercial opportunities”, and increase the company’s own profile and reputation.

Bagir shareholders will vote on the proposed investment at an extraordinary general meeting to be held on 9 October in London.

The board of directors has unanimously recommended that shareholders vote in favour of the resolutions.

"We are delighted to be putting this proposal to our shareholders as we believe it to be transformative, creating a platform from which Bagir has the potential to become a significant player in our market of apparel manufacturing,” said Eran Itzhak, chief executive officer of Bagir.

Israel-based Bagir manufactures formalwear for menswear and womenswear brands and operates in six countries. The majority of the manufacturing takes place subcontracted factories in China, Jordan, Myanmar, Vietnam and Romania, and the company has a joint venture in Egypt.

Copyright © 2024 FashionNetwork.com All rights reserved.