Shandong Ruyi news and archive

Shandong Ruyi buys Invista's global Lycra business

China’s apparel and textile major Shandong Ruyi has announced the acquisition of Invista’s apparel & advanced textiles business. The purchased portfolio includes Lycra, Lycra HyFit, Lycra T400, L by Lycra, Coolmax, Thermolite, Elaspan, Supplex, Tactel, and Terathane. “We are thrilled to acquire The Lycra Company and will continue to invest in...

BusinessFeatured

Shandong Ruyi to create a stable of “affordable luxury” brands to compete against LVMH

China's apparel group Shandong Ruyi is determined to present fierce competition to the world’s largest luxury goods group, LVMH. The Chinese fashion conglomerate’s strategy is targeting more global deals involving "affordable luxury" brands, aimed to establish the first high-end Chinese fashion empire. Shandong Ruyi’s CEO, Qiu Yafu, told Reuters...

Business

Sir Philip Green considers selling Arcadia to Shandong Ruyi

Sir Philip Green may be considering sale of all or part of his Arcadia Group, reports The Sunday Times. The report added that the Topshop-owner is believed to be negotiating with Chinese textile major Shandong Ruyi. However, according to The Daily Telegraph, Frank Field, the chairman of the influential work and pensions select committee, is...

Business

Invista sells Apparel & Advanced Textile business to Shandong Ruyi

London - Invista has agreed to sell one of its four major business units to Shandong Ruyi Investment Holdings, namely its Apparel and Advanced Textile business (A&AT). Shandong Ruyi, one of the largest textile manufacturers in China, is set to acquire Invista's A&AT business, which includes its global Lycra brand, through a stock transaction for...

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SMCP considers public listing on Euronext Paris

London - SMCP is currently mulling over a public listing in Paris, as the group continues to grow thanks to an increasing appetite for its accessible luxury brands Sandro, Maje and Claudie Pierlot. The group announced its intention for a potential listing of its shares on Euronext Paris Wednesday evening, adding that it has the support of its...

Business|UPDATE Featured

Shandong Ruyi signs deal to acquire SMCP

Shandong Ruyi has signed a deal which would see the Chinese textile company acquire a controlling stake in fashion group Sandro, Maje and Claudie Pierlot (SMCP), valued at an estimated 1.3 billion euros. Shandong Ruyi confirms acquisition of SMCP News of the impending deal broke earlier this week, as private equity firm Kohlberg Kravis Roberts &...

Business|UPDATE Featured

KKR moves closer to selling SMCP to Shandong Ruyi

London - SMCP, the fashion group consisting of French fashion labels Sandro, Maje and Claudie Pierlot is inching closer to a potential sale to Chinese textile manufacturer Shandong Ruyi, in a deal which is said to value the group at 1.3 billion euros (1.45 billions US dollars), including debt. News of the possible sale comes as US private equity...