China Business Uncovered Podcast: Inside the Fall of ‘China’s LVMH’

Once dubbed the “LVMH of China,” Shandong Ruyi Woolen Garment Group Co. Ltd. built a global fashion empire spanning brands from Sandro to Aquascutum. However, its debt-fueled expansion has since unraveled into a financial mess.

In this episode of China Business Uncovered, host Kelsey Cheng speaks with Yue Yue, senior finance reporter at Caixin, to examine how Ruyi’s aggressive overseas buying spree — funded by short-term borrowing — backfired when cash flow tightened.