Fujian Old Business Tiger Capital, Which Has Won The "Ten Men'S Clothing Brand", Will Cross The Border To Sell Cars.

China tiger Capital Holdings Limited (hereinafter referred to as "tiger capital") issued a notice on September 24th that the company's direct wholly-owned subsidiary Bo Bo Co., Ltd. was the buyer. In September 23rd, it signed a memorandum of understanding with the seller, Shanghai auto mobile Cci Capital Ltd, and according to the memorandum of understanding, the Shanghai vehicle business venture Cci Capital Ltd has agreed to sell and offer the right to buy the controlling interest of Agel Ecommerce Ltd in Shanghai.

According to public information, Agel Ecommerce Ltd, a Shanghai network operator, is a limited company established in China in June 2011. Its main business is selling and marketing automobiles in China.

Up to now, Shanghai car operation Wang venture Cci Capital Ltd has about 66.67% stake in Target Corp, while Target Corp Shanghai Internet commerce Agel Ecommerce Ltd's main business is to sell and sell cars in China, and the seller owns its controlling interest.

Once the acquisition is implemented, it will be an important step for the tiger to expand and develop its business and activities in an all-round way, so as to develop new sources of revenue and maximize the long-term returns to the tiger and shareholders. The tiger will continue to explore other possible investment opportunities to enhance its value to shareholders.

Reporters learned that tiger is one of the leading men's clothing enterprises in China. At present, the fastest growing middle men's wear market in the men's wear industry enjoys strong brand recognition and a leading and expanding market share. According to Sullivan, according to the retail sales in 2013, tiger ranked sixth in the high-end men's clothing market, enjoying 2.9% market share. The middle and high-end men's clothing market accounted for 30.4% of China's overall men's wear market. In the high-end business casual men's wear division and the middle and high-end business dress men's clothing division was fifth.

Tiger's flagship product men's trousers occupy the leading position of the market, occupying 3% of the market share in 2013, ranking second. The "Asian famous brand award" and "Asian brand top 500" were awarded by the Asian Brand Awards in 2012. They were awarded the "Asia's ten major credibility Brand Awards" and were awarded the "Asian brand top 500". In 2010, they were awarded the "ten men's wear brands" by the brand China Industry Alliance in 2010. They were named "China famous trademarks" by the State Administration of industry and Commerce in January 2010. They were awarded the "500 strong Chinese textile and garment enterprises" by the China Textile Industry Association in 2010. They were awarded the "ten men's clothing brand" by the brand China Industry Alliance in 2009 and awarded by the China Quality Association as the "user satisfaction product", and were awarded the "China famous brand product" by the State Administration of quality supervision, inspection and quarantine in China. In 2014, the China Clothing Association awarded the "quality award" and the Asian brand.

According to the results of the financial report, in the 6 months ended June 30, 2019, the total operating income of the tiger reached 152 million yuan, a decrease of 51.5% compared with the same period last year. Gross profit was 55 million 600 thousand yuan, a decrease of 47% over the same period last year.

During the reporting period, the tiger implemented an integrated strategy for the retail store network, and the group terminated its distribution relationship with some of the distributors whose records were not well recorded, resulting in a reduction in wholesale orders, resulting in a substantial reduction in the group's earnings and gross margins.

As of June 30, 2019, the tiger had 591 retail outlets (including 36 self retailing stores in Beijing), a net decrease of 81 retail outlets compared with 672 retail outlets in December 31, 2018.

Marco Li, an analyst at Soochow securities, said that the market generally believed that high-end brands were more relevant to the economic environment, especially the consumption environment. For high-end consumption as a whole, this recognition should be correct, but from the bottom up perspective / from the individual enterprises themselves, the industry can observe that since the economic pressure increased in the second half of 2018, China's high-end clothing brands are shaping their own core competitiveness, which can be enhanced in many ways and marginal improvement in performance. On the other hand, high-end brand consumer groups are generally the size of millions of people, and VIP customers account for a relatively high consumption. Therefore, from the bottom to top perspective, there is a poor expectation between the stability of high-quality high-end brands and the general recognition of the market.

In Marie's view, with regard to the future development space, the continuous improvement in all aspects of management and management will bring about sustained growth. Some middle and high-end clothing brands will rely on years of continuous and dedicated investment in products and brands, occupy a leading competitive position in the demand of the subdivision industry, and catalyze rapid growth. In addition, some brands will continue to introduce scarce brands that fit the market demand by utilizing the channels and brand operation capabilities that have already been formed, and show good industrial prospects for the industry, so as to pursue new growth points of performance.