Shandong Ruyi plans to list some of its assets in Singapore. The Chinese apparel and textile maker is seeking opportunities for its assets to become publicly listed in a stock exchange in Southeast Asia, especially in Singapore, which has a good capital market. The hope is to have a funding platform in suitable major capital markets, in different parts of the world, to gain better access to global investors.
Ruyi, which hopes to be the next Louis Vuitton, has more than 20 subsidiaries in 11 countries, and more than 5,000 retail stores in 33 countries. It is building the world’s largest global, vertically integrated textile and fashion business. It has acquired stakes in cotton farms in Australia, wool trading companies in New Zealand, a textile innovator in the United States as well as mid to high-end apparel brands and distribution companies in Japan, France, Hong Kong, Britain and Switzerland.
In 2016, Shandong Ruyi bought a majority stake in SMCP, the French group that owns affordable luxury brands Sandro, Maje and Claudie Pierlot. Shandong has also acquired British trench coat maker Aquascutum as well as a minority stake in St. John by Fosun. China is transforming itself from an export-dependent economy to a consumption-driven one.
