Ruyi yet to raise US $ 600 million funds for acquisition of Bally; Coronavirus effect

Shandong Ruyi, the Chinese apparel conglomerate, hasn’t secured its financing deal yet!Image Courtesy: pinterest.comOwing to the ongoing Coronavirus outbreak in China, Ruyi is unable to raise US $ 600 million funds for the acquisition of Swiss luxury brand Bally, as it had planned earlier. It has be