Shandong Ruyi Technology Group Co., Ltd is a Chinese textiles and clothing company. Founded in 1972 in Jining, China, it is a subsidiary of Jining Ruyi Investment Co., Ltd. As of 2017, Ruyi Group was the largest textile manufacturer in China. It owns or part-owns brands including Aquascutum, and Renown Inc. and has expressed ambitions to become the Chinese equivalent of LVMH.[1]
History
1972–2000
The company was founded in 1972, and was formerly known as Shandong Jining Woolen Mill, and is based in Jining, China. It is a subsidiary of Jining Ruyi Investment Co., Ltd.[2] Qiu Yafu became vice president in late 1992 of Shandong Ruyi Woolen Textiles Group Co Ltd, and president in late 1996; in late 1997 he became chairman and president, roles he held until 2002.