We inform you that on this website we use our own and third-party cookies to collect information about its use, improve our services and, where appropriate, display advertising by analyzing your browsing habits. You can expressly accept its use by pressing the "ACCEPT" button or configure and select the cookies you want to accept or reject in the settings. You can also get more information about our cookie policy here.

The global fashion business journal

Apr 14, 20244:30am

The owner of Lycra closes its sale to Sandong Ruyi for 2 billion

The operation closes near the time limit, fifteen months after signing the agreement and six months later than planned.

Feb 1, 2019 — 7:00pm

The owner of Lycra closes its sale to Sandong Ruyi for 2 billion



Shandong Ruyi closes the purchase of Invista, owner of Lycra. Fifteen months after the agreement was sealed, six months later than what was originally planned and close to the time limit to finish the transaction, both parties have concluded the trade.


Although the details of the operation have not been made public, nearby sources said that it amounted to 2 billion dollars, according to Bloomberg. Invista, until now property of the US industrial conglomerate Koch Industries, is also the owner of Coolmax and Thermolite.


That way, Shandong Ruyi acquires the current staff of Invista, which adds up to 3,000 workers, its portfolio of brands and all its industrial assets. At the time of closing the acquisition, the chairman of Shandong Ruyi’s management board, Yafu Qiu, assured that the new owner will maintain the current structure and identity of the division, as well as its strategy.

Participation rules



Validation policy for comments: 

MDS does not perform prior verification for the publication of comments. However, to prevent anonymous comments from affecting the rights of third parties without the ability to reply, all comments require a valid email address, which won’t be visible or shared.
Enter your name and email address to be able to comment on this news: once you click on the link you will find within your verification email, your comment will be published.

0 comments — Be the first to comment