Chinese fashion

The LYCRA Company Announces Leadership Changes

Retrieved on: 
Thursday, April 1, 2021

The LYCRA Company, a global leader in developing innovative solutions for the textile, apparel, and personal care industries, announces the appointment of Yafu Qiu, chairman of The LYCRA Company, and Julien Born, chief commercial officer of The LYCRA Company, as co-chief executive officers, effective April 1, 2021, following the retirement of David Trerotola.

Key Points: 
  • The LYCRA Company, a global leader in developing innovative solutions for the textile, apparel, and personal care industries, announces the appointment of Yafu Qiu, chairman of The LYCRA Company, and Julien Born, chief commercial officer of The LYCRA Company, as co-chief executive officers, effective April 1, 2021, following the retirement of David Trerotola.
  • Mr. Trerotola retires after 20 years of dedicated service to The LYCRA Company and its predecessor companies.
  • I want to thank Dave for his many contributions to The LYCRA Company, said Yafu Qiu, chairman of The LYCRA Company, the companys controlling shareholder.
  • The LYCRA Company owns leading consumer and trade brands: LYCRA, LYCRA HyFit, LYCRA T400, COOLMAX, THERMOLITE, ELASPAN, SUPPLEX, and TACTEL.

Trinity Limited Under Ruyi Group Increases Its Revenue by 13.9% In 2019

Retrieved on: 
Thursday, April 2, 2020

Trinity Limited (0891.HK), a subsidiary company of Ruyi Group (002193.SH), announced its 2019 annual financial results on March 31, 2020.

Key Points: 
  • Trinity Limited (0891.HK), a subsidiary company of Ruyi Group (002193.SH), announced its 2019 annual financial results on March 31, 2020.
  • Trinity's total revenue in 2019 increased by 13.9% to HKD 1.962 billion, with core operating profit of HKD161.3 million and profit attributable to shareholders of HKD 50.4 million.
  • Since Ruyi Group acquired Trinity Limited in April 2018, it has vigorously supported its development and successfully turned losses into profit.
  • Ruyi helps to improve the traditional business and promote new business through business rationalization, and actively expands the group ordering business.

Ruyi Group Amicably Negotiates With Bagir to Resolve Mutual Concerns

Retrieved on: 
Friday, February 28, 2020

Israeli mens clothing manufacturer Bagir Group plans to sue Ruyi Group because Ruyi has not delivered the remaining payment of about USD 10 million.

Key Points: 
  • Israeli mens clothing manufacturer Bagir Group plans to sue Ruyi Group because Ruyi has not delivered the remaining payment of about USD 10 million.
  • On November 23, 2017, Ruyi Group announced its intention to acquire 54% of Bagir Group Ltd. (BAGR.L) for USD 16.5 million, or approximately GBP 12.4 million, to become Bagirs controlling shareholder.
  • Ruyi Group was then undertaking global expansion and acquiring well-known fashion brands to build a Chinese version of global fashion industry group.
  • Ruyi Group and Bagir Group had negotiated to delay the settlement day.

Highlight 2019: Ruyi Group Records Strong Development and Growth

Retrieved on: 
Friday, February 7, 2020

Ruyi Group has been carrying out investment and merger layout oriented to the whole industry chain since 2010, to realize the transformation from a traditional textile giant to a world-leading fashion group.

Key Points: 
  • Ruyi Group has been carrying out investment and merger layout oriented to the whole industry chain since 2010, to realize the transformation from a traditional textile giant to a world-leading fashion group.
  • Ruyi currently owns four listed companies, including A-share listed company Ruyi Woolen Garment Group (SZ:002193), SMCP (SMCP.PA) listed in France, Trinity Group (0891.HK) listed in Hong Kong, Renown Incorporated (3606.T) listed in Japan.
  • In the first half of 2019, Trinity achieved a profit of HKD 112 million, undergoing a major asset restructuring with Ruyi Group.
  • This year, Ruyi Group will continue to make efforts in high-tech textile and fashion brands for a "One World, One Family" Ruyi fashion ecology.

With 24 New Fashion Pact Companies, Ruyi Group Continues to Devote Itself Into Improving Green Fashion Industry

Retrieved on: 
Tuesday, October 29, 2019

24 new companies in the fashion and textile industries have decided to join the coalition.

Key Points: 
  • 24 new companies in the fashion and textile industries have decided to join the coalition.
  • The same as Ruyi Group, the companies have long pursued their own environmental strategies.
  • Ruyi Group always devotes itself into improving green fashion industry and promotes advancements in both textile and fashion industry.
  • Through applying green production programs such as solar energy generation, waste water recycling and condensate reuse, Ruyi eliminated out-dated facilities successfully.

Ruyi Organizes the 31st China International Wool Textile Market Conference Drawing People of the Textile Industry Worldwide

Retrieved on: 
Thursday, September 26, 2019

The 31st China International Wool Textile Market Conference, hosted by China Wool Textile Association and China SDIC International Trade Co., Ltd., and co-organized by Ruyi Group and Nanjing Wool Market, was held on September 20th - 22nd in Qufu, Shandong Province, China on the theme of A Community of a Shared Future for Wool Textile Industry.

Key Points: 
  • The 31st China International Wool Textile Market Conference, hosted by China Wool Textile Association and China SDIC International Trade Co., Ltd., and co-organized by Ruyi Group and Nanjing Wool Market, was held on September 20th - 22nd in Qufu, Shandong Province, China on the theme of A Community of a Shared Future for Wool Textile Industry.
  • Over 400 delegates from 22 countries attended the conference, to comprehensively promote the sustainable development of the wool textile industry, seeking cooperation and development.
  • View the full release here: https://www.businesswire.com/news/home/20190926005251/en/
    Ruyi organizes the 31st China International Wool Textile Market Conference drawing people of the textile industry worldwide (Photo: Business Wire)
    Ruyis Executive Officer Yuanshu Du delivered a speech on Ruyis wool production strategy: technology, fashion, green, and introduced the innovation and development of Ruyi Group.
  • As the organizer of the conference, Ruyi Group now is the worlds largest wool industry company.

Ruyi Group, as the Only Company From Mainland China, Has Signed a Fashion Pact With Leading Global Fashion and Textile Enterprises

Retrieved on: 
Thursday, August 29, 2019
Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20190829005095/en/
    Ahead of the 2019 G7 Summit, 32 major global fashion and textile companies representatives met at the Elysee Palace in France (Photo: Business Wire)
    Ruyi Group002193.SZis the only company from Mainland China to sign the Fashion Pact.
  • As the largest Group in China's textile industry, sustainable development has always been at the heart of Ruyi Group.
  • With the belief of environmental protection, Ruyi Group is committed to a cleaner, safer, and greener sustainable fashion blueprint.
  • This is the first time the global fashion and textile industry pioneers get together and work towards a common goal.

Ruyi Group’s Sub-brand SMCP Achieves Its Global Sales Growth, with the Chinese Market Surging by More Than 30%

Retrieved on: 
Tuesday, August 20, 2019

The international market showed +13.7% sales growth at constant currency, notably driven by mainland China with +30% constant currency.

Key Points: 
  • The international market showed +13.7% sales growth at constant currency, notably driven by mainland China with +30% constant currency.
  • In Asia-pacific markets, the group recorded another very strong quarter with +23.4% sales growth at constant currency from April to June.
  • after adding SMCP to "Ruyi family," Ruyi group not only builds up strength for its own brand but also helps SMCP to open the Chinese market.
  • SMCP completed its acquisition of French luxury menswear brand De Fursac on June 25, with the support of Ruyi group.

Ruyi Group plans IPO on Sci-tech Innovation Board for Lycra in China

Retrieved on: 
Friday, July 26, 2019

Ruyi Group (SHZ:002193), one of the leading textiles and fashion companies in China, held the launching ceremony of Lycras Science and Technology Innovation Board in Jining headquarters.

Key Points: 
  • Ruyi Group (SHZ:002193), one of the leading textiles and fashion companies in China, held the launching ceremony of Lycras Science and Technology Innovation Board in Jining headquarters.
  • On January 31, 2019, Ruyi Group has completed its acquisition of INVISTAs Apparel & Advanced Textiles business, including a robust portfolio of highly respected Lycra Brand.
  • The assets and capabilities of Lycra are perfect complements to the overall layout of the industrial chain to Ruyi Group.
  • Steve Stewart, the president of Lycra's apparel business in Asia, thought that the acquisition would create a win-win situation for Ruyi Group and Lycra as Ruyi would bring more investments and production capacities for Lycra, and Lycra would continue to provide advanced fiber and technology solutions for Ruyi Group.

Shandong Ruyi Investment Holding Purchases INVISTA’s Apparel & Advanced Textiles Unit

Retrieved on: 
Thursday, January 31, 2019

Shandong Ruyi Investment Holding, one of the leading textile and apparel companies in China, announced today that it has completed its acquisition of INVISTAs Apparel & Advanced Textiles business.

Key Points: 
  • Shandong Ruyi Investment Holding, one of the leading textile and apparel companies in China, announced today that it has completed its acquisition of INVISTAs Apparel & Advanced Textiles business.
  • With the continued investment of Ruyi, we look forward to working with our customers to bring exciting innovations to market.
  • Shandong Ruyi Investment Holding is one of the largest textile manufacturers in China, ranks first among the top 500 textile and apparel companies in China, and ranks among the Top 100 Chinese multinational enterprises.
  • Headquartered in Jining, Shandong, the hometown of Confucius and Mencius, Shandong Ruyi Investment Holding operates 13 domestic industrial parks and boasts some of the largest production lines and advanced technologies in China.