Chinese fashion group that controls Lycra maker to default on $ 153 million bond – Financial Times
Chinese fashion group that controls Lycra maker to default on $ 153 million bond – Financial Times
The Chinese clothing maker which controls brands such as The Lycra Company and Gieves & Hawkes revealed on Monday it failed to repay investors on a $ 153 million bond, the latest in a string of defaults in the country. Shandong Ruyi Technology Group, which has struggled to cope with heavy debt after a series […]
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