Global Boat Trailers Market Gaining Benefits Through Recreational Water Sports

boat trailer

While the tourism sector is prospering by the increasing disposable income and the ensuing flood in lifestyle expenditure, one of the foremost recipient sectors is marine & coastal tourism – especially recreational water sports. The developing interest for personal watercraft and boats indicating a positive development outlook of the market. Increment in activities, for example, kite surfing, water skiing, boating, and yachting will stay topmost influencers maintaining new craft & boat sales. The market is likely to foresee sound development over the years to come. An increasing number of recreational water sports centers and boat parks, particularly in emerged regions, are enhancing new craft and boat sales, along these lines making huge needs.

Boat trailers additionally avert salt water boats from rust establishment because of change and coatings of materials. These attributes have directed towards the expansion of the worldwide market for boat trailers. Additionally, expanding standard boat life and rising services and maintenance of boats boosts the boat trailers’ sales for old boats. In emerged nations all over the globe, aluminum is the majorly favored kind of matter for making because of its lightweight as well as erosion resistive property. Aside from these attributes, aluminum boat trailers encompass higher quality as well as long life when contrasted with steel trailers. Because of its lightweight, it boosts the eco-friendliness of towing vehicles with furthermore require low support when contrasted with different material trailers. Besides, because of the simple customization and flexibility, aluminum boat trailers are progressively best when contrasted with steel boat trailers. On the other hand, in salty water, galvanized steel boat trailers are favored because galvanized steel is erosion resistance in salty water.

The growing need for watercraft and boats for recreational exercises in emerging and emerged regions because of the expanding number of visitors in nations that are in closeness to waterside bodies. This aspect is foreseen to support the interest of new watercraft and boats, which in this manner, expands the sales over the years to come.

The market is fairly divided since there are a few tier-3 and tier-2 producers in the market. As a result of the existence of a few makers all over the globe, the challenge for boat trailer estimation is high, which gives reason to the high intensity of a good deal to the consumer. This aspect is additionally anticipated to fuel the market development.

There are two kinds of boat trailers, roller and bunk type trailers, which are utilized by customers. With the increment in boat parc, the need also boosted as it offers security to boats as well as enhances the boat’s life. The bunk trailers will remain to gain high requirement contrasted to other forms for their more inexpensive price point & low upkeep, while hybrid and roller trailers will see a gradual rise in implementation. Europe and North America are the foremost regions in the market because of the huge number of boat parks, new boat sales, and the existence of various boat trailers makers, which will boost the boat trailers’ demand. Noteworthy investment in increasing durable and new products by players will uplift the market development prospects.

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Marico set to acquire Beardo within the fourth quarter of 2019

Earlier in the week, in an official announcement, India-based Home-grown FMCG company Marico revealed that by the current fiscal it aims to announce the acquisition of male grooming brand, Beardo, by implementing secondary buyouts and primary infusion.

Founded back in 2015, Beardo is an Indian company, headquartered in Ahmedabad, it serves customers in the premium men grooming category, and is a profitable brand as per analysts closely following the brand.

Speaking about the plan of acquiring Beardo, the CFO of Marico, Vivek Karve said that within a period of the next 12 months, Marico intends to combine forces with the brand Beardo, while simultaneously operating it under the identity of a separate entity.

Karve also said that eventually, Marico will look to purchase 100 percent of the brand, Beardo.

Furthermore, responding to whether Beardo will be rebranded after its merger with Marico, Karve stated that Beardo has built quite a noteworthy reputation for itself, and Marico will look to capitalize on it and intervene only if necessary, thus it will be operated as a separate company having its own management team.

Back in 2017, as per reports, a strategic investment was made by Marico in the company of Beardo’s original owners, a start-up, Zed Lifestyle. The amount originally invested by Marico still remains undisclosed.

Currently, in the latest annual report published by Marico, it shows that Zed Lifestyle has been termed as an associate-company in which the Mumbai based company has a 42.88 percent stake.

Notably, in recent times, Marico has gone on to focus more towards growing in India’s male grooming category which has a double-digit CAGR and is valued at $36billion which is comparatively still a niche sector.

Finance Chief of Oxy vows to quickly get rid of a $40 billion debt

Speaking about one of the biggest oil company acquisitions of the past decade, the finance chief of Occidental Petroleum Corp revealed that the company has already started working towards reducing the debt of $40 billion which came along with the purchase of Anadarko Petroleum.

At the latest EnerCom energy conference, the finance chief of Occidental Petroleum Corp, Cedric Burgher referred to the $40 billion which came with the purchase of Anadarko Petroleum as ‘not too bad’ while also revealing that Oxy would conduct a detailed assessment before selling off any asset of Anadarko.

However, according to an investment note made by Evercore ISI analysts, the biggest oil company merger& acquisition reduces the value of Occidental stakes.

Notably, this investment note led to a 4.5% drop in the value of Occidental shares.

Furthermore, at the EnerCom energy conference, Burgher said that the entire Occidental board has full confidence in the deal, in spite of activist Carl Icahn announcing that he would be appointing 4 new directors in a bid to quickly dispose of the assets of Anadarko.

According to Burgher, through duplicate offices that includes getting rid of redundancies, cost-efficiency through divestitures as well as synergies the deal would make Occidental a profit of $3.5 billion.

As per a brief translation of a statement given by Icahn regarding the acquisition, he termed the deal as, “way too expensive and not motivated.”

Additionally, as per reports, Occidental would continue to have its headquarter in Houston, however, it will list a recent Houston property for sale.

Notably there was no mention of the acquisition of the stakes of Western Partners by Cedric Burgher, however, he did reportedly state that if required Occidental would selectively list properties for sale, which might include the U.S. offshore production acquired through the Anadarko deal as well.

Furthermore, Burgher said that Oxy has no plans of selling Anadarko’s Texas and Woodlands properties.

Oxy completes one of the biggest oil and gas M&A deals of the past few years

In a massive deal worth $55 billion, one of the largest mergers & acquisitions (M&A) of recent times has just been officially confirmed.

The $55 billion deal was agreed upon by Occidental Petroleum as it agreed to assume all debts and buy the entire business of Anadarko Petroleum.

Speaking on the completion of the deal, the chief executive officer and president of Occidental, Vicki Hollub said that Occidental shall now march towards its plans of integrating Anadarko’s world-class asset portfolio with Occidental and provide its shareholders and customers with the significant value that this merger brings.

As per reports, the deal was successfully completed on Thursday at a special meeting organized for shareholders of Anadarko. Significantly more than 99percent of Anadarko’s shareholders voted in favor for Occidental to acquire the entire company.

Furthermore, a spokesperson for Oxy said that as the deal has successfully been completed, common stocks of Anadarko has been taken off from trading on the New York Stock Exchange.

As per the agreements of the deal, each and every shareholder of Anadarko will be eligible to receive 0.2934 shares and US$59.00 in cash per share of Occidental’s common stock.

However, as per experts and analysts closely following the matter, this transaction will put Occidental in a notable debt.

Reportedly, the initial bid made by Occidental to acquire Anadarko was 50 percent of the company’s value of US$57 billion being paid in cash and the rest in stocks, however, the bid was declined by Anadarko. After which Occidental came up with an improvised bid of 80 percent of the US$57 billion being paid in cash and the rest in shares which was approved by the board members of Anadarko.

Significantly, Occidental faced some tuff competition on its course to seal one of the largest oil and gas M&A deals for the last decade, as it had to outbid major players like Chevron back in may amongst others.

Ride-hailing giant suffers a $5 billion loss in a single quarter

Earlier this week, on Thursday, Uber, a ride-hailing behemoth posted a $5.2 billion deficit for the current quarter during the time of its IPO which was very disappointing.

Analysts from around the world are questioning whether the silicon valley based company would ever be profitable again.

According to the company, $4 billion was paid as compensation as it went public.

The ride-hailing company lost over $1.3 billion excluding the compensation. During the same time last year, the company losses were 50% less than this year’s quarter.

The company has been disclosing its financial data since its IPO. However, its previous financial data has not been fully shared with the public.

The company revenue grew by just 14% when compared to the previous quarter. According to the information provided by the company, it had a $3.2 billion net revenue for the last quarter. However, it has seen a 51% growth since the same time last year.

The company’s share was down by 5% within just a few hours after the financial statement was published.

According to the company, it’s reinvesting its profits into growth which is why it has never been profitable.

Uber was once valued at $120 billion by private investors, however, the public market valuation currently stands at just $73 billion.

IBM unveils an updated 2019 forecast following the acquisition of Red Hat

Earlier in the previous week, after finally completing the acquisition of Linux-maker Red Hat for a reported sum of $34billion, IBM, the cloud and computing company went on to update its earnings forecast for the year 2019.

In addition to details regarding the earnings forecast, IBM said that the Red Hat acquisition will reduce its overall tax rate by 2 percentage points while maintaining its free cash flow forecast of $12 billion for 2019.

Additionally, along with its second-quarter earnings published on July 16th, IBM stated that the $34Billion acquisition could most likely trim its non-GAAP operating earnings by $1.10 to “nearly” $12.80 per share from the initial forecast of $13.90 per share made for the year 2019.

Back in the previous month, IBM posted revenue of $19.2 billion, marking a non-GAAP bottom line of $3.17 per share which was higher than what analysts forecasted, however, notably, the impact of IBM’s Red Hat deal was not issued as full-year forecasts.

A brief translation of a conference call dated July 17 in which IBM’s CFO Jim Kavanaugh told investors that IBM plans on combining the depth and scale of its innovation with its vast industry expertise with the flexibility and power offered by Red Hat’s open hybrid cloud technologies.”

By the year 2021, IBM forecasts that roughly $1.5 billion will be added in free cash flow through Red Hat, as for the 2020-2021 period, its operating pre-tax income will show an overall ‘high single-digit’ growth rate

In a statement, Ginni Rometty, the CEO of IBM said that “Our company will be the only company in the market that will offer open cloud solution which can unlock the full potential of the cloud, the acquisition of Raleigh back in October 2018 was arguably a game-changer for IBM.”

 

Amidst Gillette’s $8 billion loss P&G says that the #metoo campaign enhanced the brand

Earlier in the week, the world’s largest shaving company, Gillette reported a $5 billion loss for the second quarter of 2019.

Several investors and analysts highlighted the #metoo ad campaign as the root cause of massive loss, amongst them the CEO of Gillette also was in agreement claiming that the #metoo campaign was a toxic masculinity digital ad campaign.

However, contradictory to the CEO of Gillette’s opinion, David Taylor, the CEO of Gillette’s parent company P&G was in support of the ad campaign saying that “it (Gillette) is a great business, we like it.”

Procter & Gamble famously known as P&G successfully acquired the largest shaving company in the world, Gillette back in 2005 for $57 billion

Additionally, on the same day in an interview, Julia LaFeldt, the spokeswoman of P&G said that Gillette’s brand had perhaps been enhanced by the #MeToo digital ad.

According to LaFeldt, “the #metoo ad campaign has received the most number of views till date for any online Gillette ad, more importantly, we can say that we managed to generate natural engagement and interest amongst customers as a majority of the views on the ad are organic and/ or unpaid.”

The ad released in January was a short film titled “We Believe”, that emphasizes topics of toxic masculinity and the #MeToo movement.

 

Japan’s 3rd biggest automaker witnessed a drop in quarterly operating profit by 16%

Honda Motor Co, a Japanese automobile company, earlier today, posted a 16% drop in operating profit for the quarter which ended in July. As per the company’s reports, a drop in US sales and a strong yen resulted in the 16% drop in profit when compared to the same time last year.

Honda is the 3rd biggest automaker in Japan and its quarterly operating income stood at $2.37 billion or 252.4 billion yen. Last year during the same period the automaker posted an operating profit of 298.4 billion yen.

Last year the automaker sold 425,000 vehicles in the US, while during this year the company vehicle sales fell to 407,000.

The global sale last year hit records when it posted 5.323 million sales.

However, this year due to a global slowdown the automaker is forecasting to sell about 5.11 million units.

Like most other carmakers from around the globe, Honda is facing competition from ride-hailing companies like Uber and also from Google which is moving towards autonomous driving and electric vehicles.

This year in May the company announced that it would be cutting global production costs by 10% by 2025. The amount saved would be used into the development of electric and autonomous vehicles, according to a statement from the company.