wiki26 Jun 2018 16:19
I know its Wikipedia but this is a nice summary.....
In November 2017, the company bought 54% of menswear supplier Bagir for $16.5 million.[7] In February 2018, Shandong Ruyi acquired a majority stake in the Swiss luxury fashion brand Bally from its parent company JAB Holding Company for an undisclosed sum.[5][7] At the time, Yafu Qiu was chairman of Shandong Ruyi Group.[5] As of February 2018, British billionaire Sir Philip Green was considering selling his Arcadia company to Shandong Ruyi.[8] As of 2017, Ruyi Group was the largest textile manufacturer in China.[2] As of 2018, it was also in the top 20 in terms of revenues for luxury fashion groups.