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Fashion firm Shandong Ruyi's creditors seek control of Lycra

Fashion firm Shandong Ruyi's creditors seek control of Lycra

Photo by Josh Appel on Unsplash

Creditors of debt-laden fashion conglomerate Shandong Ruyi Technology Group will seek control of Lycra after Ruyi defaulted on a $400 million loan it took from them to buy the fibre maker.