In The First Half Of The Year, Mergers And Acquisitions Of Garment Enterprises Were Reviewed: Industry Mergers And Acquisitions, And Related Mergers And Acquisitions.

In the first half of the year, although the number of mergers and acquisitions of apparel listed companies is general, it is mainly based on industrial mergers and acquisitions.


Ruyi Group intends to buy several clothing brands through related transactions.


Ruyi group announced in June 25th that it intends to purchase the international high-end clothing brand operators such as Gieves Hawkes, Kent & Curwen, Cerruti 1881, D 'URBAN and Aquascutum, which are controlled by Beijing Ruyi fashion Klc Holdings Ltd. After the asset is injected, the company's business scope will extend from the traditional wool spinning line, fabric, clothing intelligent manufacturing to fashion brand operation and intelligent retail store network, and make the company into an international lightweight luxury fashion brand operation platform.


The announcement shows that the company intends to acquire 100% stake in Jining Ruyi brand Klc Holdings Ltd. The other side is Jining's Ruyi Klc Holdings Ltd, including all the shareholders of Ruyi fashion Klc Holdings Ltd. Shandong Ruyi Group intends to acquire all assets of the company by issuing shares. Jining Ruyi, founded in 2017, has a registered capital of 925 million yuan. Its main business scope is investment in garment production projects, sales of knitwear, clothing, shoes and hats, import and export business of goods and technologies (except for State restricted business and import and export prohibited business). This transaction Beijing Ruyi fashion Klc Holdings Ltd is the indirect controlling shareholder of the company, so this transaction constitutes a related transaction.


The winner is HK $2 billion 388 million, buying three women's clothing brands to the chairman's younger brother.


In July 3rd, the winner's fashion announcement, the company has completed the acquisition of KEEN REACH full equity, Keen Reach will be completed after the completion of the company's indirect wholly-owned Affiliated Companies, and Keen Reach financial performance will be consolidated into the company's consolidated financial statements. The company has announced that in March 25, 2019, the company intends to acquire all the issued shares and shareholder loans of Keen Reach to Apex Noble, with a total cost of HK $2 billion 388 million, and the cost will be paid by HK $500 million and about HK $1 billion 888 million by issuing about 199 million generation shares at HK $9.50 per share.


It is reported that Apex Noble is directly owned by the company chairman, chief executive officer and executive director Kim Ming's brother Jin Rui 100%. And Apex Noble's Keen Reach holds Shenzhen nears Fashion Co., Ltd., which is founded by Chen Lingmei, the mother of Kim Ming two brothers in 1994, owns 3 private brands including NAERSI nears, NAERSILING en Ling and NEXY.Co naikou. Therefore, this is a family's internal merger and acquisition from family members.


The winner's fashion was Ke Eli Till. Ke Eli Till announced in June 26th that the English name of the company had been changed from "Koradior Holdings Limited" to "EEKA Fashion Holdings Limited", while the Chinese name "winner fashion Holdings Limited" was used as the second name of the company to replace the existing Chinese name "Ke Letil Holdings Limited", both of which have been effective since June 26, 2019.


CABBEEN spent $100 million to buy Fujian Shishi industrial property from its chairman.


In May 19th, CABBEEN issued a notice that in May 17, 2019, the wholly owned subsidiary of CABBEEN China as a buyer entered into a share transfer agreement with Jing Zhuo investment, Shishi Jun Yuan Development Co., Ltd. and Yang Ziming. CABBEEN China agreed to invest in the acquisition of Chun Yuan and invest in the whole part of the registered capital. The provisional cost is RMB 105 million 500 thousand yuan. After the completion of the transaction, Chun Yuan development will become an indirect Affiliated Companies.


According to the announcement, Jun yuan has a property under the industrial park in Shishi, Fujian, China, including two total land area of 45241.80 square meters of land and ten industrial and supporting buildings with a total construction area of 96445.25 square meters. The company said that the group leased part of the property at an annual rent of 1 million 700 thousand yuan for the purpose of office, warehousing and staff quarters. Through the acquisition of Chun Yuan, the property will become a group asset and can be used for future expansion by the group. According to the management account of Chun Yuan development, by the end of December 31, 2018, the property accounted for about 66% of its total assets.


The announcement shows that Jing Zhuo investment is wholly owned by the chairman, executive director and controlling shareholder Yang Ziming. Jing Zhuo investment is Yang Ziming's contact, so he is the associated person of the company. Therefore, the equity transfer agreement and the transactions under it constitute a related party transaction. The group is now evaluating the most effective options for the use of the property, including cooperation with existing or other suppliers to develop and optimize production facilities, the notice said. Company management believes that these centralized production facilities have advantages for the development group's e-commerce business and multi brand strategy.


XTEP international $260 million acquisition of K-Swiss and other three international brands


In May 2nd, XTEP International announced that the company entered into a share purchase agreement with its E-Land World Company, Ltd and E-Land USA Holdings Inc (collectively known as the "love and love group") through its wholly owned Affiliated Companies. XTEP will purchase all the shares issued by the ultimate holder of K-Swiss, Palladium and Supra, with the cash price of US $260 million (about 1 billion 750 million yuan). The acquisition will be funded by internal funds and is expected to be completed by the end of July 2019.


Statistics show that XTEP International's target group is mainly engaged in 3 international brands (K-Swiss, Palladium and Supra), as well as two sub brands (PLDM and KR3W) sports, high-performance sports, all terrain adventure activities and fitness activities shoes, clothing and accessories, and casual wear design, development and marketing.


XTEP International said in its announcement that the company plans to expand from a single Brand Company to a multi brand group. It believes that K-Swiss and Palladium have significant opportunities in China and plans to invest a lot of time and resources to support the growth of the two brands.


24 million yuan to increase capital


In February 14th, the company's board of directors announced that the motion adopted by the board of directors of the board of directors approved the adoption of the motion on foreign investment and capital increase of Shenzhen Xinyu Baby Clothing Co., Ltd., which agreed that the company will increase its capital by 24 million yuan in cash and Xinyuan baby, and subscribe Xinyu baby to add 2 million 500 thousand yuan in registered capital. After the capital increase is completed, the company will have a 20% stake in Xinyu baby.


The announcement shows that Xinyu baby owns Sunroo's brand business, core personnel, trademark rights, patents, domain names and other intangible assets, and operates independently of the sun mouse brand. Sun mouse brand has a certain brand awareness and reputation in the baby market, and it can form synergy with the company's infant children products.


In 2019, the company's first quarter report showed that the company achieved a revenue of 358 million yuan during the reporting period, an increase of 17.71% over the same period, and a net profit of 46 million 928 thousand and 800 yuan attributable to shareholders of listed companies, an increase of 30.01% over the same period. He said the company will expand its product line and brand and discuss opportunities to cooperate with the famous brands.


Shang win world intends to buy 435 million yuan mother baby marketing company daily gravel technology


In July 1st, Shang win global announced that the company signed a "investment intention agreement" with Shanghai daily gravel Technology Development Co., Ltd. and Tibet Sheng Zhou electronic commerce limited liability company (holding 79.4% stake in Japanese gravel technology, and Japan's gravel technology controlling shareholder) in June 28, 2019. The company intends to acquire a 100% stake in daily gravel technology held by Sheng Zhou electric company and other shareholders of Japanese gravel technology company in full cash with RMB 435 million yuan. The announcement shows that the transaction did not constitute a related transaction, but constituted a major asset reorganization, and the transaction related matters remain uncertain.


The announcement shows that the main business of the Shanghai target Technology Development Co., Ltd., which is the target company of this transaction, involves the sale of mother and infant products online and offline, including partners such as Wyeth and other international and domestic brands, as well as Jingdong, Tmall, vip.com and suning.com. The announcement said that if the transaction is completed, it will help integrate the company's e-commerce platform, forming a synergy effect with Target Corp, and enrich the company's product line and business scale.


In the first half of the year, mergers and acquisitions of garment enterprises were mainly based on industry mergers and acquisitions.


The first half of the year has passed. Looking back on the merger and acquisition cases of garment listed companies in the first half of the year, it should be said that the overall scale is not very large, and the number of mergers and acquisitions is not very large. However, there are distinct characteristics in the nature of mergers and acquisitions and the way of mergers and acquisitions.


In the first half of the year, the mergers and acquisitions of garment enterprises are mainly based on industrial mergers and acquisitions. On the other hand, horizontal mergers and acquisitions are the main industry mergers and acquisitions, and the specific performance is to buy more brands of clothing retailers and pour more brands into the listed companies. For example, Ruyi Group intends to purchase the international high-end clothing brands such as Gieves Hawkes, Kent & Curwen, Cerruti 1881, D 'URBAN and Aquascutum, which are controlled by Beijing Ruyi fashion Klc Holdings Ltd. The winner of the fashion acquisition company owns the 3 women's brand brands, including NAERSI nears, NAERSILING en Ling and NEXY.Co naikou, and XTEP international acquisition has M & A cases such as "," and "brand".


In addition, in the first half of the year, the related mergers and acquisitions of garment enterprises accounted for a large proportion. For example, Ruyi Group intends to acquire a 100% stake in Jining Ruyi brand Klc Holdings Ltd, aiming to inject multiple clothing brands into listed companies. CABBEEN spent 100 million yuan to buy Fujian Shishi industrial property for its future expansion to the chairman of the company, including winning 2 billion 388 million HK dollars to buy three women's clothing brands to the chairman's younger brother, and it can be regarded as related intra family mergers and acquisitions. Behind this related merger and acquisition, it shows that the clothing companies intend to merge more brands and assets that they consider to be high-quality into the listed companies through mergers and acquisitions, and enhance the competitiveness of listed companies. This action echoes the actions of some listed clothing companies to "peel off" some brands and assets. It seems to be an integral part of the mirror. It reflects that under the influence of the current macroeconomic environment and industrial development cycle, the clothing listed enterprises intend to gain greater competitive advantage in the development of capital market and industrial transformation and upgrading by improving the quality of the assets of the listed companies, enhancing the qualification of the company's financing and making effective mergers and acquisitions.