Latest news with #TigerGroup
Yahoo
28-05-2025
- Business
- Yahoo
Tiger Group and Asset Remarketing International Announce Major Cut and Sew, Textile-Embellishment Auction on June 10
-- Timed online auction of assets from high-production facility in Mexico's Sonora state includes embroidery, screen printing, cut and sew and other machinery and equipment; sale also features state-of-the art, U.S.-based Polaris Stryker DTG printing systems and M&R Sprint dryer AGUA PRIETA, Mexico, May 28, 2025 /PRNewswire/ -- Hundreds of lots of embroidery, screen printing, cut and sew, industrial washing and drying and related assets will go to auction on June 10 in a major textile-embellishment sale by Tiger Group and Asset Remarketing International. The machinery and equipment (M&E) and inventory come from a 90,000-square-foot textile and apparel embellishment facility in Mexico's northeastern Sonora state across from Douglas, Arizona, on the Mexico-U.S. border. Additionally, Tiger consigned to the auction three 2021 M&R high-speed, direct-to-garment (DTG) POLARIS™ Stryker printing systems, as well as a 2021 M&R Sprint 3000 dryer—all located in the United States. Situated in North Carolina and Arizona, the Stryker systems include white print engines, pretreat engines, color print engines and scan flashers. The 20-ft. x 6-ft. Sprint dryer in Kentucky includes a special drone panel cleanout. The timed, online auction closes on Tuesday, June 10, at 10:30 a.m. (PT). Bidding opens Tuesday, June 3, at 10:30 a.m. (PT) at "This complete, high-capacity maquiladora is packed with M&E that is already triggering strong interest from cut-and-sew and textile-embellishment operations on both sides of the border," said John Coelho, Senior Director of Tiger Commercial & Industrial. "It is a fantastic opportunity." The offer includes 175 industrial sewing machines by the likes of Juki, Jack, Maaxsew and Pegasus, as well as highly popular carousel screen printing machines such as the Sabre Workhorse, M&R Sportsman, M&R Alpha 8 and M&R Gauntlet. Twenty-five automatic screen-printing presses are available in the sale, including digital Kornit Avalanche HD6 printers. The assets include needle positioners, auto sleeve hemmers, auto thread trimmers, needle machine control boxes, slitters, fabric inspection and spreading tables, webbing and textile cutting machines and cutting and straight knives. "It's everything a cut-and-sewing operation would need for a new or expanded facility," Coelho said. Bidders will also find single- and multi-head embroidery machines, some of which are unused, from Tajima (TFMX-IIC1506) and CamFive EMB (oversized, 20 head). Additional highlights of the sale include: Screen printing and direct-to-garment equipment modular gas dryers laser printer for screenprint frames direct laser image exposure unit flash cures quartz flash RapidTag LP-1 automatic tag printer textile spot cleaning guns flood bars brush supports tunnel dryers paddles drying and screen developing systems from ROQ, Saati, Graphic Parts International (G.P.I.), Interchange Equipment Inc., Ranar Industries, A.S.P.E., Practix (OK-16CP) Sign Display Cutter Summa F Series F1612 Flatbed Cutter Industrial washers and dryers assets from Pellerin Milnor Corporation-Unimac, PMC, Consolidated Laundry Machinery, MSI Apparel and blanks tens of thousands of T-shirts, sweatpants, sweatshirts and hoodies, bikinis, bottle openers, cup holders, cardigans, both printed and blank General plant support equipment water heating systems, compressors, air dryers and transformers The sale comes at a time when Tiger and its sale partners are increasingly assisting textile-embellishment and cut-and-sewing operators seeking secondary-market M&E, Coelho noted. "The assets becoming available are extraordinary," he said, adding that the digital, state-of-the-art U.S. equipment now included in the sale "can expand your capabilities dramatically and are highly coveted in the industry." For asset photos, descriptions, and other information, visit: Inspections are available on Monday, June 9, from 10 a.m. to 4 p.m. (PT). To arrange an inspection or obtain other information, email: auctions@ or call (805) 497-4999. For more information and to explore a turnkey opportunity, contact John Coelho via Email: jcoelho@ or call (617) 797-0430. Media Contacts: At Tiger Group, Maria Hoang, (805) 497-4999 395776@ At Jaffe Communications, Elisa Krantz, (908) 789-0700, 395776@ View original content to download multimedia: SOURCE Tiger Group
Yahoo
25-05-2025
- Business
- Yahoo
How the idea for a Trump Tower in Damascus was born
Forty-five storeys tall, a potential $200m (£150m) price tag and 'Trump' emblazoned in gold across its crown – this is Trump Tower Damascus, a gleaming monument meant to usher war-torn Syria back on to the international stage. As the gold lettering suggests, the flashy building was designed to attract attention: the US president's attention. 'This project is our message – that this country, which has suffered and whose people have been exhausted for many years, especially the last 15 years of war, deserves to take a step towards peace,' said Walid Mohammad al-Zoubi, chair of the UAE-based Tiger Group, valued at $5bn, which is developing Trump Tower Damascus. The construction of the tower was proposed in an effort to woo the US president as Syria's new government has sought the removal of US sanctions and a normalisation in relations with Washington. It came alongside an offer to provide the US with access to Syrian oil and investment opportunities, as well as guarantees for Israel's security. Syria had been under US sanctions since 1979, which intensified after 2011's deadly crackdown on peaceful protesters by Syria's then-president, Bashar al-Assad. Despite the ousting of Assad in December by rebels, the US maintained sanctions against the country, wary of the new Islamist-led government. Syria's proposal, along with prodding by the de-facto leader of Saudi Arabia, Crown Prince Mohammed bin Salman, succeeded. Last week, Trump announced an end to all US sanctions on Syria and met the Syrian president, Ahmed al-Sharaa, calling him an 'attractive' and 'tough' man. Now, with the lifting of sanctions and ties with Washington strengthening, Trump Tower can move off the page and into reality. Zoubi is heading to Damascus this week to formally apply for building permits for the high-rise. 'We're looking at several locations. We're proposing 45 floors, subject to increase or decrease depending on planning,' said Zoubi, adding that the cost of building the commercial tower would be between $100m and $200m. After he receives the building permit, Zoubi will need to approach the Trump brand for franchising rights. Images shared with the Guardian of the building mock-up do not include the Trump logo, as franchise permission is still being sought. Construction, he estimated, would take three years once he received the legal approvals from the Syrian government and rights from the Trump business organisation. Still, obstacles remain, as the process of sanctions removal is still unclear, while Syria's devastated economy and fragile political environment could complicate the project. The Syrian-Emirati businessman employs one of the project leads of Trump Tower Istanbul, and has built 270 projects across the Middle East. He is now building Tiger Sky Tower in Dubai, a $1bn project that claims to have the 'world's highest infinity pool'. He also met Sharaa in January, before he was appointed president of Syria. The idea for Trump Tower Damascus was born in December, after US Republican congressperson Joe Wilson floated the idea in a speech before Congress. 'The main idea was to attract President Trump's attention,' said Radwan Ziadeh, a Syrian writer who is close to Syria's president. He approached Zoubi with the idea of building Trump Tower, and the two began to work on the project. The approach was part of a multi-pronged charm offensive meant to put Syria on Trump's agenda. The president made few comments about Syria upon taking office and the road to lifting sanctions, managed by the state department, seemed long. Syria's president hosted US businesspeople and members of Congress in Damascus, who toured Assad-era prisons and Christian villages around the capital. Meanwhile, the Syrian foreign minister, Asaad al-Shibani, met spiritual leaders close to the Trump administration while on a visit to the UN in New York. As diplomacy continued, Trump Tower seemed a way to appeal to Trump's unorthodox tastes, and the blurring of the line between his family business empire and political office, particularly in the Middle East, where he was given a luxury plane by Qatar. In early April, Ziadeh took an initial mock-up of the tower and presented it to Shibani, who was 'very enthusiastic about it'. He also gave it to the Saudi ambassador in Damascus, with the hope that it would reach Trump's team via Riyadh. 'This is how you win his mind and heart,' Ziadeh said. He grew more confident about his strategy after a video posted by Trump in February showed a Trump Tower in Gaza as part of his controversial proposal to effectively displace Palestinians and build a luxury riviera in the Palestinian territory. Beyond winning hearts and minds in the US, Syrians hope that a major real estate project such as the Trump tower will invite further international investment in Syria. Major investments are needed in infrastructure and basic services beyond glitzy investment projects. The UN estimates that 90% of the Syrian people live in poverty and live most of the day without electricity or access to proper medical care. Zoubi shared a side-by-side image of the Damascus skyline, an explosion replaced by a sleek steel and glass high-rise. 'The project is about how the wartorn country is transitioning to a place of light and beauty … It's symbolic, contributing to security and peace,' said Zoubi.
Al Bawaba
24-05-2025
- Business
- Al Bawaba
Trump Tower Damascus: all you need to know
Published May 24th, 2025 - 09:01 GMT ALBAWABA – Tiger Group, a real estate company based in Dubai, UAE, has announced plans to build a Trump Tower in Damascus, Syria. The tower is expected to rise 45 floors and cost between $100 million and $200 million. Also Read Trump Tower in Dubai accepts Bitcoin purchases Trump Tower in Syria According to Tiger Group, the Trump Tower will be built in Damascus, the capital of Syria. The name 'Trump' will be engraved in gold at the entrance of the tower. The company is currently finalizing permits to begin construction. Experts anticipate that the project will be of great benefit to Syria and its current economic situation. The location has not yet been finalized, but the company stated that the tower will be about 45 floors tall for now, though this may change for various reasons. The construction is expected to take around three years to complete. The tower is expected to rise 45 floors and cost between $100 million and $200 million. (Shutterstock) The new tower will feature luxurious design and materials, including polished brass railings and distinctive marble, creating an elegant and vibrant atmosphere. Also Read Ahmed al-Sharaa wants to build Trump Tower in Damascus © 2000 - 2025 Al Bawaba (
The Guardian
22-05-2025
- Business
- The Guardian
How the idea for a Trump Tower in Damascus was born
Forty-five storeys tall, a potential $200m (£150m) price tag and 'Trump' emblazoned in gold across its crown – this is Trump Tower Damascus, a gleaming monument meant to usher war-torn Syria back on to the international stage. As the gold lettering suggests, the flashy building was designed to attract attention: the US president's attention. 'This project is our message – that this country, which has suffered and whose people have been exhausted for many years, especially the last 15 years of war, deserves to take a step towards peace,' said Walid Mohammad al-Zoubi, chair of the UAE-based Tiger Group, valued at $5bn, which is developing Trump Tower Damascus. The construction of the tower was proposed in an effort to woo the US president as Syria's new government has sought the removal of US sanctions and a normalisation in relations with Washington. It came alongside an offer to provide the US with access to Syrian oil and investment opportunities, as well as guarantees for Israel's security. Syria had been under US sanctions since 1979, which intensified after 2011's deadly crackdown on peaceful protesters by Syria's then-president, Bashar al-Assad. Despite the ousting of Assad in December by rebels, the US maintained sanctions against the country, wary of the new Islamist-led government. Syria's proposal, along with prodding by the de-facto leader of Saudi Arabia, Crown Prince Mohammed bin Salman, succeeded. Last week, Trump announced an end to all US sanctions on Syria and met the Syrian president, Ahmed al-Sharaa, calling him an 'attractive' and 'tough' man. Now, with the lifting of sanctions and ties with Washington strengthening, Trump Tower can move off the page and into reality. Zoubi is heading to Damascus this week to formally apply for building permits for the high-rise. 'We're looking at several locations. We're proposing 45 floors, subject to increase or decrease depending on planning,' said Zoubi, adding that the cost of building the commercial tower would be between $100m and $200m. After he receives the building permit, Zoubi will need to approach the Trump brand for franchising rights. Images shared with the Guardian of the building mock-up do not include the Trump logo, as franchise permission is still being sought. Construction, he estimated, would take three years once he received the legal approvals from the Syrian government and rights from the Trump business organisation. Still, obstacles remain, as the process of sanctions removal is still unclear, while Syria's devastated economy and fragile political environment could complicate the project. The Syrian-Emirati businessman employs one of the project leads of Trump Tower Istanbul, and has built 270 projects across the Middle East. He is now building Tiger Sky Tower in Dubai, a $1bn project that claims to have the 'world's highest infinity pool'. He also met Sharaa in January, before he was appointed president of Syria. The idea for Trump Tower Damascus was born in December, after US Republican congressperson Joe Wilson floated the idea in a speech before Congress. 'The main idea was to attract President Trump's attention,' said Radwan Ziadeh, a Syrian writer who is close to Syria's president. He approached Zoubi with the idea of building Trump Tower, and the two began to work on the project. The approach was part of a multi-pronged charm offensive meant to put Syria on Trump's agenda. The president made few comments about Syria upon taking office and the road to lifting sanctions, managed by the state department, seemed long. Syria's president hosted US businesspeople and members of Congress in Damascus, who toured Assad-era prisons and Christian villages around the capital. Meanwhile, the Syrian foreign minister, Asaad al-Shibani, met spiritual leaders close to the Trump administration while on a visit to the UN in New York. As diplomacy continued, Trump Tower seemed a way to appeal to Trump's unorthodox tastes, and the blurring of the line between his family business empire and political office, particularly in the Middle East, where he was given a luxury plane by Qatar. In early April, Ziadeh took an initial mock-up of the tower and presented it to Shibani, who was 'very enthusiastic about it'. He also gave it to the Saudi ambassador in Damascus, with the hope that it would reach Trump's team via Riyadh. 'This is how you win his mind and heart,' Ziadeh said. He grew more confident about his strategy after a video posted by Trump in February showed a Trump Tower in Gaza as part of his controversial proposal to effectively displace Palestinians and build a luxury riviera in the Palestinian territory. Beyond winning hearts and minds in the US, Syrians hope that a major real estate project such as the Trump tower will invite further international investment in Syria. Major investments are needed in infrastructure and basic services beyond glitzy investment projects. The UN estimates that 90% of the Syrian people live in poverty and live most of the day without electricity or access to proper medical care. Zoubi shared a side-by-side image of the Damascus skyline, an explosion replaced by a sleek steel and glass high-rise. 'The project is about how the wartorn country is transitioning to a place of light and beauty … It's symbolic, contributing to security and peace,' said Zoubi.
Cision Canada
30-04-2025
- Business
- Cision Canada
Assets from Global Leader in Audiovisual and Entertainment Technology Go to Auction on May 8
-- Tiger Group sale features used and new audiovisual products and other excess assets as Solotech relocates from its 280,000-square-foot facility in Montreal. , April 30, 2025 /CNW/ -- A Tiger Group online auction on May 8 features excess AV gear from Solotech. "Tiger Group is extremely pleased to announce that we have been chosen to serve Solotech as the company moves out of its 280,000-square-foot facility in Montreal," said Jonathan Holiday, Director of Business Development, Tiger Commercial & Industrial. "The auction includes large quantities of used and new AV gear and inventory. This is an incredible time for auction buyers to purchase assets in the secondary market in the face of the changing landscape with tariffs." Bidding for the timed, online auction opens on Thursday, May 1, at 10:30 a.m. (EDT), and closes on Thursday, May 8, at 10:30 a.m. (EDT). The assets available on offer include moving and LED Lights, projectors, consoles, switchers, speaker audio, wireless equipment, cables, curtains and thousands of brand-new soft goods. Barco, Blackmagic Design, Bose, Bosch, Clay Paky, ETC, Digidesign, Martin and Sennheiser are among the many brands represented in the sale, which is being conducted in Canadian dollars. The assets can be inspected by appointment on Wednesday, May 7, from 10 a.m. to 4 p.m. (EDT) at Solotech's Montreal facility. To arrange an inspection or obtain other information, email: [email protected] or call (805) 497-4999. For asset photos, descriptions, bidding and other information, visit: About Solotech Founded over 45 years ago, Solotech is a world leader in audiovisual technologies, with 20 strategic locations in Canada, the United States, Europe, and Asia. Solotech is the single source for audio, video, lighting, rigging, soft goods, control and collaboration solutions and services. The company is internationally recognized for its expertise in live productions and systems integration in various markets, namely music, sports, business, culture and education. Solotech employs nearly 2,000 professionals in its offices located in Los Angeles, Las Vegas, Nashville, Miami, Orlando, Pensacola, London, Birmingham, Manchester, Southampton, Frankfurt, Calgary, Toronto, Montreal, Ottawa, Quebec City, Saguenay, Halifax, Macau, and Hong Kong.
