Why doesn't Benny Road casual wear become a listed brand?

Today, Benny Road has become a casual wear brand known throughout Asia, including mainland China, Hong Kong, Taiwan Province and Singapore and the Middle East. The company operates 5,000 chain stores worldwide, of which more than 2,000 in China. The company is now one of the largest and fastest growing companies in the casual wear market. How does a company with such a good development trend show up in the magnesium market book market?

On the other hand, Giordano and U-Way, two other Hong Kong casual wear companies with a momentum less than Baleno, have long demonstrated their strength in the Hong Kong stock market. Can an international company going globally rely on the strength of the capital market to continue expanding? Does Baleno have any intention in this area?

Benny Road still cannot stand alone

It has been 10 years since Hong Kong listed company Tak Yong Jia Group became the largest shareholder of Bally Road Company. From its annual report announced in March this year, we can see that as of March 31, 2006, Hong Kong has acquired the position of Yongjia Group. The total turnover increased by 6% to HK$7,749 million. The net profit attributable to equity holders of the company was HK$480 million, an increase of 4% over the previous year.

The Group further observed the main sources of growth in its business, including its textile business, retail and distribution business, and garment manufacturing business. Among them, the retail business was notable. Sales of this business amounted to HK$3,444 million, an increase of 9%. %, accounting for 44% of the group's total turnover. In the financial statements, the retail business is still losing money, but the loss is actually due to the huge expenditure incurred by the expansion of the shop in the previous year. At the same time, in its annual report, it also shows that the Mainland is still the focus of retail business development. The Group has stores in more than 260 cities.

From the annual report of Tak Wing Group, it can be observed that Baleno has occupied an important position in the group.

In 1996, the Hong Kong-listed company Tak Yong Jia Group spent money on the acquisition of Benny Road and its trademark (having a 54% stake in Baleno Group) and began to enter the retail retail distribution business. After the acquisition, Balneo launched a brand new image in the Mainland, Hong Kong, and Taiwan. Baleno’s trademark quickly took root in large and medium-sized cities.

Since 1999, Tak Wing Kai has also invested in the clothing business in the Mainland, which has led to a complete industry structure in China: production and sales of knitted fabrics, cotton yarns, garments and retail distribution of garments. Currently, 13% of the knitted fabrics produced by Tak Wing-kai are sold to the group's joint-operating garment business. 80% of the fabrics in the associate-clothing business are supplied by the knitted fabric business, and the retail business is approximately 40% of the sales of the Baleno Group. The garments are supplied by the Tak Wing Kai associate garment business. Three businesses in the structure support each other. The central part of this pattern is the distribution and retail of Baleno.