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Rnb Retail and Brands AB Restructures JC Operation

Wednesday, 8 May 2013 02:49am EDT

Rnb Retail and Brands AB announced that as a result of a strategic review of the JC operation, it was decided that the operation will be restructured and a number of unprofitable stores will be closed. In connection to the restructuring and the review of the assortment Mr. Peter Bondelid will assume the position as Chief Executive Officer (CEO) of JC succeeding Mr. Marthyn Inghamn. The decision will have immediate effect and the recruitment of a new CEO has started. Which stores that has been decided to be closed and the timetable for the closure will be determined and communicated during May. There will also be additional measures linked to the restructuring communicated during May. RNB will also perform an extensive review and reorientation of JC's the non-jeans assortment.

Shanghai Yuyuan Tourist Mart Co Ltd Announces Investment in Wholly Owned Subsidiary

Friday, 26 Apr 2013 08:00pm EDT

Shanghai Yuyuan Tourist Mart Co Ltd announced that it has decided to use a 95% stake in a Shanghai-based gold company to invest in a wholly owned subsidiary, which is a Shanghai-based investment company. The remaining 5% stake in the Shanghai-based gold company, which is held by a Shanghai-based investment development company, will also be invested in the Shanghai-based investment company. After the transaction, the Company and the Shanghai-based investment development company will hold 96.22% and 3.78% stakes in the newly restructured Shanghai-based investment company.

SmartGuy Group A/S Establishes New Subsidiary in Poland and Moves Warehousing to Szczecin; Plans to Lay Off 120 Warehouse Employees in Denmark

Thursday, 11 Apr 2013 07:55am EDT

SmartGuy Group A/S announced that the Company has decided to move its warehousing from Jyderup in Denmark to Szczecin in Poland. The movement abroad will result in the layoff of 120 warehouse employees in Denmark. The relocation of warehousing is expected to contribute with an annual saving of DKK 25 million with financial effect from the beginning of the calendar year 2014 and the Group's long term EBITDA margin will be structurally improve by 5% as a result of this relocation. The transition phase will commence in August 2013 and will run until December 2013. The first part of the transition entails movement of the Kids and Sports segments. As of August 2013 the Group expects to start dispatching orders from Poland. SmartGuy Group A/S expects to be finished with the total transition phase in January 2014, when all warehouse functions will be fully operational in Poland. SmartGuy Group A/S has via a newly established subsidiary in Poland purchased a nearly completed building in Poland with final completion planned in July 2013. The investment in buildings and infrastructure amounts to DKK 55 million.

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Analyst Research

Report Title Price
NEXT - STICKING TO THE KNITTING
Provider: Edison Investment Research
$10.00
Buy
N BROWN - TUCK IT AWAY
Provider: Edison Investment Research
$10.00
Buy
BURBERRY - COSTS IN CHECK
Provider: Edison Investment Research
$10.00
Buy
AUERBACH GRAYSON: Piquadro - CHEAP CHIC (Italy)
Provider: Auerbach Grayson & Co., Inc.
$25.00
Buy
Indiabulls Retail Services Ltd. (532679) - Financial Analysis Review
Provider: GlobalData
$125.00
Buy

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