We are a Republic of the Marshall Islands Company incorporated under the Marshall Islands Business Corporations Act (“BDA”) on January 26, 2012. We were originally organized under the name “Aquasition Corp.” for the purpose of acquiring through a merger, capital stock exchange, asset acquisition, stock purchase, or similar acquisition transaction, one or more operating businesses or assets. The address of the Company's principal executive office is Xingfengge Building, Baogaiyupu Industrial Park, Shishi City, Fujian Province of china.
On March 24, 2014, we entered into a share exchange agreement and plan of liquidation (the “Exchange Agreement”), with KBS International, Hongri International, a then wholly owned subsidiary of KBS International and Cheung So Wa and Chan Sun Keung, each an individual and shareholder of KBS International (each, a “Principal Stockholder”). The Exchange Agreement was subsequently amended on June 21, 2014. The transactions contemplated in the Exchange Agreement (the “Share Exchange”) were closed on August 1, 2014. At the closing, we acquired 100% of the issued and outstanding equity interest in Hongri International from KBS International. In exchange, we issued an aggregate of 1,530,497 shares of common stock of the Company to KBS International. In addition, on July 29, 2014, we completed a tender offer related to the Share Exchange and redeemed the 332,116 shares of common stock validly tendered and not withdrawn. Pursuant to the Exchange Agreement, KBS International was liquidated and dissolved in August 2014 and the 1,530,497 shares of common stock of the Company were distributed to each shareholder of KBS International according to their respective ownership of KBS International. As a result, following the consummation of the Share Exchange, we had a total of 1,694,489 shares of common stock outstanding.
On October 31, 2014, we held a special shareholder meeting and amended our Articles of Incorporation to change our name to KBS Fashion Group Limited.
|Comps ($'000 TTM)||Market Cap||Gross Margin||EV/EBITDA||Ret on Assets||Assets||Liabilities||Revenue||G Profit||Net Income||EBITDA||EV|
|Oxford Industries (OXM)||1,225,683||57%||15.1||3%||1,013,084||496,268||1,123,729||642,976||31,504||79,946||1,204,115|
|G III Apparel (GIII)||1,211,193||35%||8.3||5%||2,928,607||1,668,305||3,172,632||1,125,790||142,629||220,340||1,830,133|
|Vera Bradley (VRA)||335,992||55%||10.1||2%||532,026||209,645||456,482||252,750||12,207||30,585||309,993|
|Superior Group of Companies (SGC)||247,564||35%||14.1||4%||349,385||192,965||363,289||127,806||13,664||25,697||361,779|
|Weyco Group (WEYS)||226,809||39%||1.1||4%||292,873||85,223||217,106||85,473||12,067||196,669||217,754|
|Delta Apparel (DLA)||164,167||20%||11.2||2%||377,988||224,100||431,730||85,152||8,242||24,997||279,398|
|Tandy Leather Factory (TLF)||53,880||60%||8.3||2%||72,368||12,677||83,594||50,188||1,559||4,987||41,201|
|Sequential Brands (SQBG)||15,703||0%||-3.1||-20%||726,857||543,386||137,594||0||-148,414||-145,739||449,648|
|Naked Brand Group (NAKD)||14,065||34%||-4.6||-54%||4,977||1,031||3,232||1,083||-2,704||-2,677||12,341|
|KBS Fashion Group (KBSF)||8,222||0%||61,166||6,865||0||0||0||0||8,222|
|Capri Holdings (CPRI)|
|Gildan Activewear (GIL)|
|Centric Brands (CTRC)|
|Canada Goose (GOOS)||0%||725,400||326,300||0||0||0||0||-88,600|
|Kontoor Brands (KTB)||39%||7.0||4%||1,585,765||1,530,194||1,896,228||738,845||67,901||136,173||947,303|
|Balance Sheet ($'000)||2013-12-31||2017-12-31||2018-12-31|
|Income Statement ($'000)||2013-12-31||2017-12-31||2018-12-31|
|Cost of Revenue|
|Cash Flow ($'000)||2013-12-31||2017-12-31||2018-12-31|