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Creditors of debt-laden fashion conglomerate Shandong Ruyi Technology Group will seek control of Lycra after Ruyi defaulted on a $400 million loan it took from them to buy the fibre maker. A statement from the creditors on Monday said that Ruyi, known for its…
Avon has launched its new beauty brand Avon Distillery, which it claims delivers “clean beauty without compromise”. The Avon Distillery range includes nine concentrated make-up and skin-care products, seven of which are waterless. The new collections are…
Chinese textile and retail investment company Shandong Ruyi has bought the US-based Lycra business for an undisclosed sum. Shandong Ruyi, whose retail investments include Aquascutum and SMCP (Sandro, Maje, and Claudie Pierlot), will take over the world-famous…
