Chinese textile group Shandong Ruyi has purchased a majority stake in Hong Kong-based apparel retailer Trinity. It has paid HK$2.2 billion ($284.62 million) for a 51.38% share of the company. Prior to this deal, the majority shareholder of Trinity was Fung Holding, owner of Li & Fung, one of the world’s largest sourcing groups.  Shandong Ruyi...

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