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    Japan'S Clothing Giants Belong To Shandong Ruyi Enterprises.

    2010/8/4 8:36:00 54

    RENOWN Ruyi Economy

    In July 29th, Japan was in a restructuring period.

    Ready-made clothes

    Tycoon

    RENOWN

    The company held a provisional shareholders' meeting in Tokyo and decided to go to Shandong.

    Ruyi

    (002193, stock bar) technology group (hereinafter referred to as "Shandong Ruyi") to implement the third party private placement, making Shandong Ruyi become the largest shareholder of the company, and will accept 3 Chinese directors.

    This means that the RENOWN company of Japan's time-honored brand will be officially placed under the banner of Chinese enterprises.


    The reporter is informed that RENOWN will issue an additional 4 billion yen (310 million yuan) stake to Shandong, which will hold 41.18% of the shares, thereby giving RENOWN the absolute right to speak and veto.

    In addition, the two companies plan to set up a joint venture in Beijing to sell RENOWN's "simple life" brand in China.

    clothing

    And strive to increase the store to 2000 in 10 years.


    As a clothing company with many brands, RENOWN was founded in 1902 and is a well-known Japanese listed company.

    But in recent years, the company's performance has been poor due to Japan's economic downturn.

    RENOWN related people said that this time to accept Shandong as a capital injection, aimed at reintegration, hoping to strengthen the financial system and expand the share of Asian markets, such as China.


    Qiu Yafu, chairman of Ruyi Shandong, said the group has acquired an advanced technology in Europe.

    brand

    Enterprises, like Japan, have such a brand partner, coupled with China's huge market and desirable manufacturing technology, can be described as "four in one", "I believe will accelerate the strategic pformation of enterprises."


    It is understood that Shandong Ruyi was founded in December 2001, with a registered capital of 150 million yuan, ranking thirteenth in China's textile and garment enterprises with the overall competitiveness of the top 500.

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