By and  on October 17, 2019

PARIS — Chinese textile and apparel giant Shandong Ruyi’s plans to become luxury’s next big leader are faltering, with its European businesses retrenching — and deals stalling.

It hasn’t been an easy few years for Chinese companies that have invested in Western brands. The government’s tighter rules on overseas investments, the trade war with the U.S., and the devalued renminbi have all staunched the flow of capital from the country, while Chinese managers have struggled to run the luxury businesses in particular.

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