China Inc. is struggling to offload overseas businesses and the accompanying debt in an increasingly volatile market.
In just a few weeks, companies from yacht makers to luxury clothing and pizza outlets — acquired by Chinese firms in recent years — have either scrapped planned initial public offerings or sought alternatives to reduce their debt piles.
@ Swissinfo.ch| October 22, 2019
Recently, Shandong Ruyi Group , the “Chinese version of LVMH”, announced that it will acquire a controlling stake in the Swiss leather accessories company Bally International AG. Although the parties have not announced any specific details, sources familiar with the matter disclosed that the transaction was about $ 700 million, the deal will be completed within this year.
近日，有「中國版LVMH」的山東如意集團宣布，將收購瑞士皮革配件公司Bally International AG的控股權，雖雙方尚未公布具體細節，但知情人士透露，該筆交易作價約在7億美元，並會在今年內完成交易。
@ China Times | February 13, 2018
Shandong Ruyi has agreed to buy a controlling stake in Swiss luxury shoe and accessories firm Bally from Luxembourg-based JAB Holding, the companies said on Friday, as the Chinese textile maker builds up a portfolio of fashion labels.
@ Reuters | February 9, 2018
