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Chinese Enterprises With More Than 30 International Fashion Brands And Over 5800 Stores.

2019/6/26 10:17:00 32

Ruyi GroupAcquisition

                                                                     

     

In June 25th, Shandong Ruyi woolen garment group Limited by Share Ltd (hereinafter referred to as "Ruyi group") issued a suspension notice on the issue of the purchase of assets by issuing shares. According to the announcement, Ruyi group, in order to improve the textile and apparel industry chain, give full play to the brand pulling effect, and build the company into an international light luxury fashion brand operation platform. As a result, Ruyi group will purchase the international high-end clothing brand operators such as Gieves&Hawkes, Kent&Curwen, Cerruti1881, D 'URBAN and Aquascutum, which are controlled by Beijing Ruyi fashion Klc Holdings Ltd.

Ruyi group said that after the above assets were injected, the company's business scope will extend from the traditional wool spinning line, fabric, clothing intelligent manufacturing to fashion brand operation and retail store of intelligent stores, and give full play to the synergistic effect of the three major plates, namely, scientific and technological fiber, textile intelligent manufacturing and fashion brand, so as to reduce operating costs.

At the same time, Ruyi Group believes that this move can narrow the gap between product design and innovation capability and the leading international enterprises, extend the brand operation of the textile and apparel industry to realize the spanformation and upgrading from textile intelligence to fashion brand operation, and become an international leading high-end apparel brand operator.

According to public information, Ruyi group was established in 1972 as the Jining wool textile mill. It was converted into Limited by Share Ltd in December 1993 and landed in the Shenzhen Stock Exchange in December 2007. At present, the main business of Ruyi group is the design, production and sales of worsted fabrics and garments, the research and development of textile and garment technology, and so on.

In June 2010, Ruyi Group invested $44 million to buy a 41.53% stake in the Japanese garment tycoon RENOWN (Rena) and became the largest shareholder. Over the past three years, Ruyi group has invested more than US $4 billion in investment in apparel and textile products, including LYCRA Lycra, which is owned by the American polymer and fiber supplier Invista. In addition, Ruyi group also owns some equity interest in the French fashion group SMCP, the British windbreaker brand Aquascutum, the high-end menswear group Trinity Ltd. and the Swiss luxury brand Bally. At present, Ruyi group has more than 30 international fashion brands and more than 5800 stores, and operates in 81 countries and regions.

It is reported that Ruyi group's operating profit has been growing at a rate of over 40% for three consecutive years. According to the 2018 earnings report, Ruyi group completed its revenue of 1 billion 328 million, an increase of 11.28% over the same period last year, and realized a net profit of 99 million 477 thousand and 500 yuan, an increase of 40.24% over the same period last year. In the first quarter of 2019, the growth rate continued to grow. In January -3, the revenue of Ruyi group reached 266 million yuan, an increase of 17.78% over the same period last year, and net profit of 10 million 119 thousand and 500 yuan, an increase of 4.79% over the same period last year.

     

     

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