News

Invista deal is reportedly worth more than $2 billion

08/11/2017

Chinese textile group Shandong Ruyi will pay more than $2 billion for Invista’s apparel and advanced textiles business, Bloomberg has reported. The deal was announced at the end of October. It includes a number of brands, most notably the Lycra and Coolmax fibre brands. The value of the transaction has not been disclosed but Bloomberg has quoted ...

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