Japan’s Renown Inc. part of Chinese fashion empire Shandong Ruyi, filed for bankruptcy with 13.9 billion yen ($130 million) in debt.…
.
Your one-stop source for retail intelligence in Asia
China’s Shandong Ruyi delays Bally buy on finance troubles
Shandong Ruyi has been reportedly delayed in closing on its purchase of Swiss luxury brand Bally, as it struggles to secure $600 million in financing.…
Bally promotes Nicolas Girotto to CEO
Swiss fashion brand Bally has promoted Nicolas Girotto to the role of chief executive officer.…
Shandong Ruyi buys Invista’s global Lycra business
Chinese luxury apparel firm Shandong Ruyi Group finally closed its acquisition of the owner of Lycra.…
China’s SMCP tops 1 billion euros revenue for first time
Chinese-owned SMCP Group said that total company sales exceeded 1 billion euros in 2018, marking a revenue-first for the French fashion group.…
Secoo partners with Shangdong Ruyi
Asia’s largest online luxury platform Secoo has formed a strategic partnership with Chinese company Shangdong Ruyi for the sale and distribution of the latest luxury clothing and accessories.…
Shandong Ruyi acquired Swiss luxury brand Bally
The Chinese clothing and textile giant, which already controls Gieves & Hawkes, Sandro and Maje, has purchased a majority stake in the Swiss clothing and leather-goods brand Bally.…
Shandong Ruyi leads buyout race for Bally
The takeover race for Bally is heating up with a new Chinese firm front-runner. …