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...

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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...