Bagir sees strong start to 2019, extends deadline of Shandong Ruyi deal

Confirming 16.5 million dollars investment from Shandong Ruyi to acquire 53.7 percent stake, tailoring specialist Bagir has said that the company has agreed to a further extension of completion date to March 31, 2020. Commenting on the current trading, Bagir said, while trading conditions have remained challenging, the company has had a strong start to 2019 with sales in the five months to May 31, 2019 reaching 27 million pounds (34.2 million dollars) compared to 21.8 million pounds in the previous year.