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China debt crunch

Debt doubts surround Chinese fashion group Shandong Ruyi

Deal to buy Bally officially dead as company faces bond repayment deadline Monday

A Bally store in Switzerland. Shandong Ruyi Technology Group said it was buying the brand in 2018, but Bally owner JAB Holding has confirmed the deal did not go through.   © Reuters

HONG KONG -- Shandong Ruyi Technology Group assembled its fashion empire by gobbling up notable apparel brands such as Aquascutum, Sandro and Renown.

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