Mar.19.2026From Ruyi’s fashion label acquisitions to overseas court battles, Caixin reporter Yue Yue unpacks the collapse of one of China’s most ambitious clothing-makers00:0000:00/00:00您的浏览器不支持 audio 标签。
Once dubbed the “LVMH of China,” Shandong Ruyi Woolen Garment Group Co. Ltd. built a global fashion empire spanning brands from Sandro to Aquascutum. However, its debt-fueled expansion has since unraveled into a financial mess.
In this episode of China Business Uncovered, host Kelsey Cheng speaks with Yue Yue, senior finance reporter at Caixin, to examine how Ruyi’s aggressive overseas buying spree — funded by short-term borrowing — backfired when cash flow tightened.
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