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Aquascutum's Chinese owner pays off closely watched debt

Luxury-brand empire stays intact but pressure remains on Shandong Ruyi

Pedestrians walk past an Aquascutum building in central London. The UK-based luxury clothing manufacturer and retailer is owned by China's Shandong Ruyi.

SHANGHAI/HONG KONG -- The wide-ranging global apparel empire built by China's Shandong Ruyi Group appears intact for now after the company said it had paid off a closely watched debt.

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