Pankaj50. Oneworld Star International Holdings Ltd
Headquarters: Los Angeles, California
Bought By: Shangying Global
Headquarters: Shanghai, China
Leading clothing manufacturer Oneworld Star International landed on its feet in 2016 when it was purchased by Shangying Global. The Chinese company spent over $280 million on the purchase, also acquiring Apparel Production Services at the same time and thus conquering the American market.
After spending so much money in the fashion business, Shangying gained a significant foothold in the States, putting it in a much better position to purchase further companies in the future and expand its grip on the apparel industry. Shangying is now at the helm of a large portion of textiles production. Now, Shinyang oversees a large portion of the textiles production for popular brands like Under Armour.