News

Shandong Ruyi eyes US market with new acquisition

24/11/2017

Chinese textile group Shandong Ruyi has taken a controlling stake in Israel-based tailored clothing company Bagir. It has paid $17 million for 51% of the business. Bagir’s manufacturing plant in Ethiopia, which it purchased earlier this year, is believed to be one of the key motivating factors for Shandong Ruyi. It is seeking to find alternative...

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