China’s Ruyi Holding Group bought a controlling stake in French retailer SMCP SA, which owns the Sandro, Maje and Claudie Pierlot brands. Photo: AFP

Ruyi – China’s LVMH – slows acquisition pace after US$4 billion global spree

  • Chairman says the group will focus on integrating existing brands in the short to medium term
  • Some acquired brands have high recognition but ‘far from ideal’ performance
Topic |   Mergers & Acquisitions

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China’s Ruyi Holding Group bought a controlling stake in French retailer SMCP SA, which owns the Sandro, Maje and Claudie Pierlot brands. Photo: AFP
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