Shandong Ruyi

Retail Asia15/05/2019

Chinese textile and retail investment company Shandong Ruyi will list an IPO for its recently acquired The Lycra Co in the hopes of raising around US$500 million. The group is currently exploring a listing in the US as it works with Goldman Sachs, according to those familiar with the prospective deal. Progress has been slow […]

Retail Asia04/02/2019

Chinese textile and retail investment company Shandong Ruyi has bought the US-based Lycra business for an undisclosed sum. Shandong Ruyi, whose retail investments include Aquascutum and SMCP (Sandro, Maje, and Claudie Pierlot), will take over the world-famous lycra brand, all assets and contracts relating to Lycra from current owner Invista and rename the business The […]

Retail Asia31/01/2019

The parent of affordable-luxury fashion labels Sandro, Claudie Pierlot and Maje appears unphased by the Sino-US trade spat, vowing to continue its expansion in the region. SMCP’s CEO Daniel Lalonde said in an interview that the company plans to continue to open new stores in Mainland China and invest in e-commerce across the region. “From our […]

Retail Asia13/02/2018

JAB Holding has sold its controlling stake in Swiss apparel and accessories label Bally to Chinese textile manufacturer Shandong Ruyi Group, as tipped last month. JAB, which once owned Belstaff and Jimmy Choo, was said to be seeking US$700 million for Bally in August. The brand was founded in 1851 as a shoemaker. “The arrival of […]

Retail Asia10/01/2018

Chinese textile producer Shandong Ruyi Group is emerging as leading bidder for Swiss luxury brand Bally International. In advanced negotiations with Bally’s owner, JAB Holding, the group has been discussing a price of about US$700 million, insiders say. Ruyi has pulled ahead of other suitors including Club Med owner Fosun International and Chinese apparel maker Fujian Septwolves […]

Retail Asia06/09/2016

SMCP, the group behind French fashion brands Claudie Pierlot, Maje and Sandro plans to pursue its international expansion, particularly in China, where it will continue to open about 30 shops a year. SMCP president/CEO Daniel Lalonde says the strategy has not changed after majority owner KKR agreed to sell control to China’s Shandong Ruyi in a €1.3 […]

Retail Asia13/04/2016

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Subject to regulatory approvals, Chinese textile and apparel manufacturer Shandong Ruyi Technology Group has acquired a controlling stake in fashion brand parent SMCP. The Chinese company has signed an exclusive agreement along with global investment firm KKR, with the expectation that SMCP’s founders and management will reinvest alongside Shandong Ruyi as minority shareholders, while KKR […]

Tag: Shandong Ruyi

Shandong Ruyi seeks $500m

Shandong Ruyi buys Invista’s global Lycra business

Sandro parent unphased by trade spat

Shandong Ruyi acquired Swiss luxury brand Bally

China’s Ruyi Emerges as Leading Bidder for Bally

SMCP vows to continue China roll-out

Shandong Ruyi confirms SMCP deal