Business
Shandong Ruyi, 'China's LVMH', is downgraded following spending spree
Fashion giant Shandong Ruyi, often considered the Chinese LVMH, has been downgraded by financial specialists Moody’s following a flurry of acquisitions. Shandong Ruyi is majority shareholder or parent company to host of global brands, including Bally, Aquascutum, Gieves & Hawkes and French Group SMCP whose fashion brands include Sandro, Maje and...
loading...