Home / Knowledge / News / Apparel/Garments / Renown to come under China's Shandong Ruyi
Renown to come under China's Shandong Ruyi
24
May '10
According to sources, struggling Japanese garment manufacturer, Renown Inc, has entered its final stages of inking a deal to come under the wings of key Chinese textile firm, Shandong Ruyi.

With the help of a third-party distribution of shares, Ruyi is intending to invest billions of yen to acquire atleast 40 percent stake in Renown, thereby, turning in to a major stakeholder of the Japanese firm.

Ruyi, with the help of this investment, will also be in a position to procure Renown's popular brand, D'urban. Renown on the other hand, wants to make the best use of Ruyi's sales network so as to increase its business in China.

By the end of February this fiscal, Renown had secured sales amounting to 129 billion yen, which had dipped by 17.3 percent as compared to last year, thereby, making a total loss of 10.9 billion yen, for the fourth consecutive year.

Fibre2Fashion News Desk - India


Must ReadView All

Ghana makes tax stamp compulsory on imported textiles

Textiles | On 27th May 2018

Ghana makes tax stamp compulsory on imported textiles

To curb illegal imports, Ghanaian authorities will put a tax stamp on ...

Courtesy: Vishal Mega Mart

Apparel/Garments | On 27th May 2018

Partners Group, Kedaara Capital taking over VMM

Partners Group, a private markets investment manager, and Kedaara...

Courtesy: Deckers

Apparel/Garments | On 27th May 2018

Deckers Brands sales soar 8.4% in Q4FY18

Deckers Brands, a global leader in designing, marketing and...

Interviews View All

Cindy McNaull
Cordura

We have broad range of options in durable fabrics

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Apurva Kothari

No Nasties was the first fashion brand in India to make 100 per cent...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


May 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search