Apparel Online India Magazine March 1st Issue 2019 | Page 101

BEYOND INDIA
China: Shandong Ruyi
aims to be the ‘LVMH of
China'
Ruyi Holding Group, China-based
apparel and textile manufacturer,
has expressed its ambitions
of becoming the LVMH Moët
Hennessy Louis Vuitton of China.
LVMH is a French multinational
luxury goods conglomerate and
Ruyi hopes to be China’s answer
to LVMH.
The Group, controlled by
Shandong tycoon Qiu Yafu,
intends to list some of its
assets in Singapore. This was
confirmed by Kelvin Ho Cheuk-
yin, Chief Strategy Officer, Ruyi
Holding Group. “We will seek
opportunities for our assets to
become publicly listed in a stock
exchange in Southeast Asia,
especially in Singapore, which
BUTTONS / BUCKLES
is a very good capital market to
explore,” said Kelvin Ho Cheuk-
yin, Chief Strategy Officer, Ruyi
Holding Group.
KNITTING / WEAVING YARN
LABELS / TAGS / BARCODES
He also added that the Group
hopes to have a funding platform
in suitable major capital markets
in different parts of the globe so
as to gain better access to global
investors.
Since 2010, the company has
spent US $ 4.6 billion on foreign
acquisitions, which includes wool
trading firms in New Zealand,
cotton farms in Australia, textile
innovator in USA and mid-to-
high-end clothing brands and
distribution firms in France,
Britain, Japan, Hong Kong and
Switzerland.
EMBROIDERY FABRIC / LACES
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