Bagir upbeat on outlook as it decides to sue Shandong Ruyi
21st Feb 2020 11:50
(Sharecast News) - Tailoring company Bagir confirmed on Friday that it has decided to take legal action against the Shandong Ruyi Group, alleging breach of contract.
Read moreBagir CEO to stand down, former CFO to return
25th Jun 2019 09:09
(Sharecast News) - Tailoring outfit Bagir revealed on Tuesday that chief executive Ehran Itzhak would be standing down from the company on 15 July due to undisclosed personal reasons.
Read moreBagir Group soars as revenue climbs despite 'challenging' conditions
4th Apr 2019 08:20
(Sharecast News) - Bagir Group's shares soared on Thursday after new client wins and increased purchase orders from existing customers helped the company sew up a revenue increase despite "a challenging market environment".
Read moreBagir CFO set to leave, Shandong Ruyi investment completion pushed back
31st Dec 2018 09:00
(Sharecast News) - AIM-listed Bagir confirmed on Monday that 2018 trading was in line with management expectations as it said the completion date for Shandong Ruyi's investment in the company has been pushed back.
Read moreBagir recommends shareholders approve Shandong Ruyi investment
3rd Sep 2018 12:27
(Sharecast News) - Tailoring company Bagir Group said on Monday that, further to its announcement on 23 November last year, it had agreed terms with Shandong Ruyi Technology Group for a proposed investment and strategic partnership, under which Shandong Ruyi will invest $16.5m into the company in return for 359,560,310 new ordinary shares, representing 53.7% of its enlarged share capital.
Read moreBagir Group to buy remaining 50% stake in Ethiopian manufacturing site for £1.9m
6th Feb 2017 08:13
(ShareCast News) - Fashion manufacturer Bagir Group is to buy the remaining 50% stake in Nazareth Garments, the joint venture owner of its manufacturing site in Ethiopia, for $1.9m in order to consolidate its presence in the country which it believes has strategic advantages due to its duty-free exp
Read moreBagir Group trousers £2m to expand clothes manufacturing plant
19th Dec 2016 12:16
(ShareCast News) - Fashion manufacturer Bagir Group raised £1.97m in a discounted equity placing in order to expand its Ethiopian manufacturing operations. The capital raised will be used to develop an unused production hall in its Ethiopia factory which will enable it to produce up to 3,000 trou
Read moreBagir Group clears $21m debt with lenders
4th Nov 2016 08:11
(ShareCast News) - AIM-listed Bagir Group, which develops and manufactures high quality men and women's tailored fashions, cleared its debt with two lenders. The company repaid its $21m outstanding bank debt to its lenders, Bank Leumi and Discount Bank, and is now debt free. The lenders are current
Read moreBagir says trading in line with market views
21st Oct 2016 10:40
(ShareCast News) - Innovative tailoring company Bagir says it is trading in line with market expectations for this financial year. "We are making significant progress under our strategic plan to maintain this momentum across the business into 2017 and beyond," it said in a trading update. The compa
Read moreBanks give slack to struggling Bagir
4th Jan 2016 09:38
(ShareCast News) - Bagir Group started 2016 with renegotiated terms on its banking situation, including extensions to its current loan repayment schedule. Its two banks - Leumi Bank and Discount Bank - also agreed to waive covenant tests at both 31 December 2015 and 30 June 2016. The AIM-listed tai
Read moreBagir Group warns on half year figures
22nd Jul 2014 11:18
Shares in tailoring firm Bagir Group lost more than a fifth of their value on Tuesday after it warned it would deliver an annual pre-tax loss of around $2m, with revenue coming in at the lower end of its expectations at $48m. The group had previously predicted full-year revenue would total between
Read moreWife of Beazley CEO sells 200,000 shares
15th May 2014 15:57
The wife of David Horton, the Chief Executive Officer of Beazley, has sold 200,000 shares in the global specialist risk insurance and reinsurance business, thereby reducing his interest to 1.58m shares. Sophie Horton sold the shares at 244.50p a piece, giving the deal a trade value of £489,000.
Read moreBagir Group joins AIM
15th Apr 2014 10:12
Formalwear tailor Bagir Group on Tuesday began trading on AIM on the London Stock Exchange. The company raised about £20m though the placement of 35,714,285 new shares at a placing price of 56p each. The total number of ordinary shares in issue at admission is 50,223,210, giving the group a market
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