China's Shandong Ruyi fails to secure financing for $600m Bally acquisition

China's Shandong Ruyi fails to secure financing for $600m Bally acquisition

The acquisition of Bally further adds to Shandong Ruyi's network of luxury clothing and accessories labels. Photo: Bally website

Chinese clothing conglomerate Shandong Ruyi has failed to secured financing for its $600 million acquisition of Swiss luxury brand Bally, more than two years after the deal was announced, according to four people with direct knowledge of the matter.