Fung Group and Ruyi Group to jointly develop textile business in Africa

Fung Group and Ruyi Group have announced a strategic partnership to jointly develop new growth opportunities in the global textile and garment sector, specifically in the emerging Africa market. The company said that this strategic partnership will combine Fung Group's downstream network, brand expertise and leading sourcing and production platform across 50 export markets worldwide and Ruyi Group’s upstream competitiveness derived from nearly five decades’ experience in textile raw material cultivation, weaving and spinning, apparel manufacturing as well as its portfolio of brands.