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Who owns the high street: Shandong Ruyi

Includes Bally, Aquascutum, SMCP, Trinity

Acquisitive Chinese textile and clothing giant Shandong Ruyi is stretching deeper into the UK high street on a two-year buying spree. In March 2016, it bought French firm SMCP, which operates Sandro, Maje – which each have 12 UK stores – and Claudie Pierlot, from private equity firm KKR for €1.3bn (£1.1bn).

British brand Aquascutum was sold to Jining Ruyi Investment Co, a holding company of Shandong Ruyi Technology Group, for $117m (£95m) in March last year. Previous owner YGM Trading said the sale was prompted by the need for further investment to enhance the label’s competitiveness. In November 2017 Shandong Ruyi paid HK$2.2bn (£213.5m) for a controlling stake in menswear group Trinity, which retails and wholesales high-end menswear brands including Kent & Curwen, Gieves & Hawkes and Cerruti 1881. 

It bought a majority stake in Swiss brand Bally for an undisclosed sum in February.

Readers' comments (1)

  • Great series of articles, Truworths points to the Foschini text though.

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