{"id":477026,"date":"2021-04-15T09:04:41","date_gmt":"2021-04-15T13:04:41","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/ryu-apparel-provides-shareholder-update-from-ceo\/"},"modified":"2021-04-15T09:04:41","modified_gmt":"2021-04-15T13:04:41","slug":"ryu-apparel-provides-shareholder-update-from-ceo","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ryu-apparel-provides-shareholder-update-from-ceo\/","title":{"rendered":"RYU Apparel Provides Shareholder Update from CEO"},"content":{"rendered":"
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PR Newswire<\/p>\n<\/p><\/div>\n

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\n VANCOUVER, BC<\/span>, April 15, 2021<\/span> \/PRNewswire\/ – RYU Apparel Inc.<\/a> (TSXV: RYU) (OTC: RYPPF) (FWB: RYAA) (“RYU<\/b>” or the “Company<\/b>“), creator of award-winning urban athletic apparel, is pleased provide a shareholder update from CEO Cesare Fazari<\/span>: <\/p>\n

Following the recent announcement of our proposed acquisition of Kosan Travel, the functional travel brand that generated one of the most successful apparel campaigns in Kickstarter history, I wanted to personally outline the strategic significance of the transaction. <\/p>\n

As you know, over the past six-months RYU has made holistic changes that transformed our organization into a platform rich in industry talent, demand creating opportunities, and growth oriented operational infrastructure. Alongside our transformation, consumer trends have rapidly evolved away from brick-and-mortar and towards online shipping, accelerating ecommerce from next to now. <\/p>\n

Global\u00a0ecommerce is estimated to have grown 19% in 2020,\u00a0reaching $4.2<\/span> trillion\u00a0in sales worldwide.\u00a0By 2023, ecommerce is expected to represent 22% of global retail sales, or $6.5 trillion<\/span>, according to eMarketer.\u00a0 <\/p>\n

And\u00a0ecommerce\u00a0captured an even greater share of\u00a0apparel\u00a0sales throughout 2020 due to the coronavirus pandemic. In fact,\u00a0ecommerce\u00a0contributed all of the 1.9% year-over-year\u00a0growth\u00a0in total U.S.\u00a0apparel\u00a0sales. <\/p>\n

These are very compelling numbers and given these industry\u00a0tailwinds, we intend to leverage our brand platform to rapidly expand our existing digital footprint at RYU and pursue the development of a single, best-in-class ecommerce and technology platform serving the apparel and accessories needs of\u00a0consumers in\u00a0today’s digital world. <\/p>\n

In pursuit of being a true ecommerce leader in the athleisure and lifestyle markets,\u00a0we are\u00a0looking to make accretive acquisitions\u00a0of categorically synergistic, existing ecommerce brands\u00a0with loyal consumers, such as the proposed acquisition of Kosan Travel. Through these acquisitions we would aim at reducing central cost structures across businesses\u00a0while leveraging\u00a0special talents and marketing opportunities\u00a0to simultaneously maximize scale and profits. <\/p>\n

In conjunction, RYU will continue to add\u00a0platform technologies that create best-in-class customer experiences. <\/p>\n

We are committed to revolutionizing\u00a0the athleisure industry, as well the emerging sub-category\u00a0of travel-wear,\u00a0through our dedication to design, quality, innovation,\u00a0and customer experience.\u00a0 In this pursuit, we are exploring the efficacy and potential integration of new technologies and tools into our operations including\u00a0body scanning,\u00a0artificial intelligence, and augmented realities\u00a0to provide a world-class,\u00a0personalized shopping experience.<\/p>\n

The combination of our growth strategy, \u00a0proposed acquisition of\u00a0Kosan,\u00a0in addition to other targets\u00a0and access to the public capital markets,\u00a0give me\u00a0every confidence in our capability to execute this dynamic strategy successfully. <\/p>\n

Taken together, we are excited to be embarking on this continued transformation of our business and believe you, our shareholders,\u00a0will better appreciate the long-term value and growth potential that it facilitates. <\/p>\n

I look forward to providing more updates as we continue to execute throughout 2021\u00a0and beyond.<\/p>\n

\n About RYU Apparel<\/b>\n <\/p>\n

RYU Apparel (TSXV: RYU, OTCQB: RYPPF), or Respect Your Universe, is an\u00a0award winning urban athletic apparel and accessories brand engineered for the fitness, performance and lifestyle of the athletic man and woman. Designed without compromise for fit, comfort, and durability, RYU exists to facilitate optimal human performance.\u00a0For more information, please visit the RYU website at: http:\/\/ryu.com<\/a>\u00a0<\/p>\n

\n Forward Looking Statements Disclaimer<\/b>\n <\/p>\n

\n Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release.<\/i>\n <\/p>\n

\n This news release contains forward-looking information that involves various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of RYU, such as statements that: successful acquire any brands, acquire new technologies or become a leader in the athleisure category. \u00a0There are numerous risks and uncertainties that could cause actual results and RYU’s plans and objectives to differ materially from those expressed in the forward-looking information, including: (i) adverse market conditions resulting in the inability of RYU to raise necessary financing required to enter and make payments under the proposed definitive agreements; (ii) the inability of RYU to obtain any necessary approvals in respect of the proposed agreements, including approvals necessary for the issuance of the RSU’s; and (iii) inability to restructure and transform its business as required. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking statements are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, RYU does not intend to update these forward-looking statements.\u00a0 <\/i>\n <\/p>\n

\n \"Cision\" View original content to download multimedia:http:\/\/www.prnewswire.com\/news-releases\/ryu-apparel-provides-shareholder-update-from-ceo-301269860.html<\/a><\/p>\n

SOURCE RYU Apparel Inc.<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire VANCOUVER, BC, April 15, 2021 \/PRNewswire\/ – RYU Apparel Inc. (TSXV: RYU) (OTC: RYPPF) (FWB: RYAA) (“RYU” or the “Company“), creator of award-winning urban athletic apparel, is pleased provide a shareholder update from CEO Cesare Fazari: Following the recent announcement of our proposed acquisition of Kosan Travel, the functional travel brand that generated one of the most successful apparel campaigns in Kickstarter history, I wanted to personally outline the strategic significance of the transaction. As you know, over the past six-months RYU has made holistic changes that transformed our organization into a platform rich in industry talent, demand creating opportunities, and growth oriented operational infrastructure. Alongside our transformation, consumer trends have rapidly evolved away from brick-and-mortar and towards … <\/p>\n

Continue reading “RYU Apparel Provides Shareholder Update from CEO”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-477026","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nRYU Apparel Provides Shareholder Update from CEO - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ryu-apparel-provides-shareholder-update-from-ceo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RYU Apparel Provides Shareholder Update from CEO - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire VANCOUVER, BC, April 15, 2021 \/PRNewswire\/ – RYU Apparel Inc. (TSXV: RYU) (OTC: RYPPF) (FWB: RYAA) (“RYU” or the “Company“), creator of award-winning urban athletic apparel, is pleased provide a shareholder update from CEO Cesare Fazari: Following the recent announcement of our proposed acquisition of Kosan Travel, the functional travel brand that generated one of the most successful apparel campaigns in Kickstarter history, I wanted to personally outline the strategic significance of the transaction. As you know, over the past six-months RYU has made holistic changes that transformed our organization into a platform rich in industry talent, demand creating opportunities, and growth oriented operational infrastructure. 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