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SMCP Owner’s Distress Reverberating Through Fashion

The Rivet 50 is calling for nominations for leaders in the denim industry in 5 categories: design, influencer, leadership, sustainability and supply chain. Nominations close on May 23.

Once hailed as China’s LVMH, Shandong Ruyi has been straining under a mountain of debt that could send its fashion nameplates to new ownership—assuming rumored suitors are ready to spend. Ruyi’s hard times have been a long time in the making. Group chairman Qiu Yafu has publicly discussed the company’s ambitions to build China’s equivalent…

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