On ruyi Twitter page8 Mar 2020 19:54
Since 2010, Ruyi Group has successively acquired international brands such as Japan's Renown Group (3606.T), British fashion brand Aquascutum, French luxury fashion brand SMCP Group (SMCP.PA) and Hong Kong's Trinity Group (0891.HK).
These acquisitions have demonstrated Ruyi’s determination to enter the fashion field from manufacturing. Even though the acquisition of Bagir has encountered some setbacks, Ruyi still firmly believes in the transformation to the high-end fashion industry.
The follow-up issues are still under negotiation.