Swiss fashion house Bally is one of many brands owned by Shandong Ruyi, dubbed ‘China’s LVMH’. Photo: Bloomberg

Fashion giant Shandong Ruyi, dubbed ‘China’s LVMH’, downgraded by Moody’s after spending spree leaves it hard-pressed to repay debts

  • The credit ratings agency downgraded Ruyi to B3 from B2, and put it under review for further downgrade
  • Ruyi’s ability to service a slew of debt maturities in the next 12-18 months, and its ‘limited progress’ on its refinancing plans are cause for concern, says Moody’s
Topic |   Retailing

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Swiss fashion house Bally is one of many brands owned by Shandong Ruyi, dubbed ‘China’s LVMH’. Photo: Bloomberg
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