17. December 2020 | 09:22 CET
BYD, RYU Apparel, JinkoSolar - There is huge potential here!
As of today, retail stores in Germany are closed. Do you already have all your Christmas presents? If not, thank goodness there is an ever-growing selection of retailers on the World Wide Web. Online retail is booming, all the more so because of the recurring lockdowns. The trend to use less brick-and-mortar retail and more online retail runs through all industries. For this reason, retailers are increasingly turning to the Internet as a sales channel.
time to read: 3 minutes by Stefan Feulner
On the pulse of time
Online sales account for 80% of total sales at the multiple award-winning fashion label RYU Apparel. The Company also reported that revenues doubled in the third and fourth quarters compared to the same period last year. Things have been going like clockwork since serial founder Cesare Fazari took the reins. His goal: To build a billion-dollar Company by 2030!
Since March 2020 when new Chairman Fazari took the helm, the clocks have been ticking differently. "Respect your Universe," as the Company name reveals, is intended to reflect in the collections a perfect symbiosis of the three areas of life: fashion, sports and lifestyle. The new management focuses on sustainability and follows The Blue Way adopted by the Company, Bluesign. "The Blue Way" stands for the vision and mission of responsible and sustainable textile production. In the future, production will again increasingly take place in the home country of Canada.
Money for deals
There is no question that the necessary restructuring of the once distressed Company will require capital. Back in October, RYU Apparel was able to announce the successful placement of a capital increase of CAD 4.8 million. Currently, another private placement of CAD 10 million is underway. The proceeds will be used for the new product lines for Canada Skateboard, product placement opportunities with Branded Entertainment, and the launch of the wholesale strategy. A far-reaching cooperation agreement has been reached with Canada Skateboard. RYU Apparel will support the national team as an official partner for innovative high-performance sportswear until at least 2023. Also, the athletes will be fully outfitted for the 2021 Olympic Games.
Expansion of the product range
To gain a foothold in the booming golf industry, the Golf Apparel Division has been expanded in terms of personnel. The design team will be led in the future by James Chapman, an expert in innovation, trends, practicality, and revolutionary digital 3-D design technologies. Chapman has previously worked at Perry Ellis Golf and Callaway. In addition, former professional golfer Andrew Parr will serve as head of the Golf Division. Currently, RYU Apparel has a market capitalization of just under EUR 15.0 million. The new management team has proven in a few months how to restructure a Company. If it continues with this momentum, investors could have a lot of fun with this stock.
Next hype on the way
It has long been known that the passenger car sector is booming at BYD. Now, the Chinese industry giant is also expanding into the electric bus segment in order to meet the growing demand, especially in Europe. There are plans to expand the plant in Hungary massively. Production capacity at the Komárom plant is to be increased fivefold from the current 200 to 1,000 e-buses per year. The plant is scheduled for completion as early as 2022. The trend for buses equipped with electric motors appears to be unabated.
Largest order in the Company's history
BYD secured the largest order in the Company's history to date from Keolis Nederland B.V., the Dutch subsidiary of the public transport Company Keolis Group, back in November 2019. Keolis ordered a total of 259 e-buses, which were initially to be delivered as early as the summer. Now 246 units have been handed over to the Dutch Company. The remainder of the order is scheduled for completion in spring 2021. According to November sales figures, the "build your dream" Company is delivering 1,000 electric buses per month worldwide.
JinkoSolar makes subsidiary pretty
The immediate resignation of almost the entire board at the solar module and solar cell producer JinkoSolar was unusual and surprising. However, this was not due to various disputes, but strategic points. Thus the five resigned are to take over the helm of the most important subsidiary Jiangxi Jinko, in the future. The latter already collected 3.1 billion yuan or about USD 458.0 million for the preparation of its listing on the STAR market in Shanghai.