ABU DHABI / WAM Following consultations and approval of President His Highness Sheikh Mohamed bin ...
Read More »China’s Ruyi pays Koch Industries $2bn for Lycra
Bloomberg China’s Shandong Ruyi Group is paying more than $2 billion to buy the owner of Lycra, the form-fitting elastic material used in everything from jeans to yoga pants, people with knowledge of the matter said. The purchase from Koch Industries Inc. is part of the Chinese apparel producer’s goal to acquire leading global textile brands, one of the people ...
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