Shandong Ruyi, the Chinese group that controls, SMCP, Aquascutum, The Lycra Company and Gieves & Hawkes, has defaulted on two CNY1bn/$153m bonds. It has been dealing with a massive debt load.
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80 published items with the word (s) or phrase Shandong Ruyi in News, Trends, Videos, Photo galleries, Agenda and sorted by "date descending".
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![]( "Shandong Ruyi in bond default")
Shandong Ruyi in bond default -
![]( "Sandro owner SMCP eyes bigger China push, marketing investments")
Sandro owner SMCP eyes bigger China push, marketing investmentsSMCP, owner of brands including Sandro, said on Monday it would ramp up spending on advertising and focus store openings mainly on the Chinese market, pausing efforts elsewhere after years of rapid expansion.
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![]( "Shandong Ruyi resists Lycra sale in favour of IPO amid debt crisis say sources")
Shandong Ruyi resists Lycra sale in favour of IPO amid debt crisis say sourcesFashion conglomerate Shandong Ruyi has brushed aside a sale of textile maker Lycra proposed by Lycra's creditors and is instead looking to publicly float the business, two people with direct knowledge told Reuters.
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![]( "SMCP secures state-guaranteed loan of 140 million euros")
SMCP secures state-guaranteed loan of 140 million eurosThe Shandong Ruyi-owned parent company of Sandro, Maje, Claudie Pierlot and De Fursac announced on Tuesday, 23 June, that it has come to an agreement with a banking pool made up of 12 banks.
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![]( "Bagir loses survival fight, liquidator appointed")
Bagir loses survival fight, liquidator appointedTailoring specialist Bagir, which has been operating under court protection for several months, has given up the battle to continue and a liquidator has been appointed.
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![]( "Japanese apparel maker Renown files for bankruptcy with $130 million debt")
Japanese apparel maker Renown files for bankruptcy with $130 million debtRenown Inc, part of Chinese fashion empire Shandong Ruyi, filed for bankruptcy on Friday with 13.9 billion yen ($130 million) in debt, Japan’s highest-profile business to collapse amid the coronavirus outbreak.
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![]( "David Beckham ends link with Kent & Curwen after £18m loss")
David Beckham ends link with Kent & Curwen after £18m lossDavid Beckham has ended his partnership with Kent & Curwen, the premium menswear brand he helped resurrect in 2015, following its sale to China’s Shandong Ruyi International.
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![]( "Bagir files for creditor protection as business review continues")
Bagir files for creditor protection as business review continuesTroubled tailoring specialist Bagir has taken steps to protect itself from its creditors as it faces a cash crunch due to the impact of the coronavirus on its primary markets, the UK and the US
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![]( "Bagir to run out of cash, is now assessing options")
Bagir to run out of cash, is now assessing optionsTroubled tailoring specialist Bagir Group is assessing its options as it said the coronavirus crisis means it has "insufficient cash resources available" and undermined its ability to continue as a going concern.
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![]( "Shandong Ruyi's Bally takeover hasn't happened yet on financing issues")
Shandong Ruyi's Bally takeover hasn't happened yet on financing issuesSources have said that Chinese luxury clothing conglomerate Shandong Ruyi hasn't yet secured financing for its $600m purchase of Swiss luxury brand Bally, despite two years having passed since the deal was done.