×
99 639
Fashion Jobs
RAG & BONE
Sales Supervisor (Full -Time) - Fillmore
Permanent · San Francisco
MACY'S
Asset Protection Detective, Kenwood Towne Center - Full Time
Permanent · Cincinnati
MACY'S
Asset Protection Detective, South County Center - Full Time
Permanent · St. Louis
MACY'S
Asset Protection Detective, South Park - Flex
Permanent · San Antonio
MACY'S
Colleague, Visual Security Officer, West Covina - Flex
Permanent · West Covina
MACY'S
Colleague, Visual Security Officer, Downey Stonewood Center - Flex
Permanent · Downey
MACY'S
Asset Protection Security Guard, Oakland - Part Time
Permanent · Troy
GAP
Assistant Production Manager
Permanent · New York
BATH & BODY WORKS
Legal Operations Manager
Permanent · Columbus
BATH & BODY WORKS
sr. Application Analyst, Finance Application Delivery -Sap Car
Permanent · Columbus
NORDSTROM INC
sr. Compliance Associate - Remote
Permanent · Centennial
NORDSTROM INC
Manager - Asset Protection - Roosevelt Field
Permanent · Garden City
OLD NAVY
Loss Prevention Agent - Beverly Connection
Permanent · Los Angeles
OLD NAVY
Loss Prevention Agent - Smith Haven Plaza
Permanent · Lake Grove
ESTÉE LAUDER
Consultant Retail-Beauty - Clinique - Full Time - Bellevue-Nordstrom - Bellevue,wa
Permanent · Bellevue
HOMESENSE
Loss Prevention Detective
Permanent · Woburn
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Woodland Park
MACY'S
Colleague, Visual Security Officer, Baldwin Hills Crenshaw Plaza - Flex
Permanent · Los Angeles
MACY'S
Asset Protection Detective, Ala Moana - Full Time
Permanent · Honolulu
MACY'S
Colleague, Visual Security Officer, Lakewood Center - Flex
Permanent · Lakewood
ULTA BEAUTY, INC.
Retail Sales Manager
Permanent · Fresno
L'OREAL GROUP
Vice President, Creative - Kiehl's Dmi (Global Creative)
Permanent · New York
Published
Sep 3, 2021
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Shandong Ruyi's struggles continued in H1

Published
Sep 3, 2021

Shandong Ruyi, the giant Chinese group that owns a raft of European brands, continued to struggle in the first half. Its turnover dropped 20.43% year-on-year with the clothing category down 44.67% and the share of revenue it accounted for dropping from 76.57% to 53.24%.


Kent & Curwen



Total revenues fell to CNY261 million (€34.1 million) while the net loss widened by 393% to CNY44.75 million (€5.85 million).

The company, which is also a textile and raw materials producer/trader, owns fashion businesses including SMCP, Gieves & Hawkes, Kent & Curwen and Cerruti 1881. It also owns Lycra.

As mentioned, clothing saw a drop of almost 45% and this was the biggest fall of all its business lines. It gross margin also fell 12%. The is a huge problem for the group as clothing is its largest division.

The company declared its ambition some years ago to become the LVMH of China but it has struggled in that goal and continues to operate with a heavy debt load and under increased regulatory scrutiny in China.

Late last year it defaulted on two CNY1 billion bonds. The privately-held company took on extra debt following a series of acquisitions in recent years to buy many of those brands that it now owns.

Copyright © 2021 FashionNetwork.com All rights reserved.