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RYU Apparel Inc. (OTCQB: RYPPF) announced key updates including the reopening of flagship stores in Vancouver and Toronto on April 16, 2021, part of its omni-channel strategy. The Company is also expanding into Europe and the UK, tapping into a projected $208 billion sports apparel market. RYU secured a $1 million inventory loan to facilitate this growth, with 8% interest, aimed at replenishing inventory and boosting e-commerce. COO Rob Blair has been granted stock options and restricted shares to enhance operational strategies.
RYU Apparel Inc. (TSXV: RYU, OTC:QB RYPPF) has announced its sponsorship of amateur heavyweight boxer Dima Sumchenko, aiding his quest for the 2021 Tokyo Olympic Games. RYU contributed $2,500 to complete Sumchenko's crowdfunding campaign for training camp expenses. A champion boxer with multiple accolades, Sumchenko expressed gratitude for RYU’s support, emphasizing the importance of dedication in pursuing Olympic dreams. RYU, known for creating high-quality urban athletic apparel, aims to facilitate optimal human performance for athletes.
RYU Apparel Inc. (OTC: RYPPF) announced a distribution agreement with Altitude-Sports, a Montreal-based retailer, to sell RYU's athletic apparel nationwide in Canada. This partnership represents a pivotal shift in RYU's wholesale strategy, positioning the brand among leading athletic apparel in the Canadian market. Altitude-Sports has over 35 years of experience and is known for premium quality products. CEO Cesare Fazari highlighted the significance of this deal in enhancing RYU's national presence. Further details about RYU can be found on their official website.
RYU Apparel Inc. (TSXV: RYU; OTC: RYPPF) announced a significant wholesale distribution agreement with Grupo Pavel, a leading distributor in Mexico. Under this agreement, RYU's urban athletic apparel will be marketed throughout Mexico, leveraging Grupo Pavel's established reputation and distribution network. This partnership aims to capitalize on the growing demand for premium sportswear in the region. RYU joins renowned brands under Grupo Pavel, enhancing its market presence in Latin America.
RYU Apparel Inc. (OTCQB: RYPPF) has partnered with Oak Ridge Financial to enhance its investor relations and market communication strategy, focusing on the U.S. market. This partnership aims to improve RYU's visibility among institutional investors and brokers. Oak Ridge will assist in corporate communications and organize roadshows to promote RYU's brand. RYU will pay a monthly advisory fee of $4,000 for a term of 12 months. The CEO of RYU expressed optimism about improved liquidity and broader investor reach following this engagement.
RYU Apparel Inc. has appointed Stefanie Crosby to its board of directors, seeking to enhance its growth initiatives and global outreach. Crosby, with extensive experience in corporate development through her firm Triumspear International, has a history of executing successful corporate strategies. Her background includes advising on mergers and acquisitions and working with various high-profile entities. CEO Cesare Fazari emphasized Crosby's potential to strengthen RYU's position as a global brand. RYU is known for its high-quality urban athletic apparel designed for peak performance.
RYU Apparel Inc. has been relisted on the OTCQB Venture Market as of February 5, 2021. The OTCQB is recognized by the SEC and requires companies to maintain current SEC filing requirements. Chairman and CEO Cesare Fazari expressed optimism regarding the relisting, highlighting potential benefits such as increased liquidity and an expanded shareholder base in the U.S. and internationally. This new trading platform enhances RYU's visibility and accessibility to investors.
