China's Shangdon Ruyi seals long-delayed $2b Lycra deal

China's Shangdon Ruyi seals long-delayed $2b Lycra deal

Photo: Lycra website

Chinese luxury apparel firm Shandong Ruyi Group finally closed its acquisition of the owner of Lycra, the elastic material used in yoga pants and skinny jeans, after regulatory delays hampered the cross-border purchase for months.

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