Caixin
M&A

Textile Giant Continues Shopping Spree, Picks Up Bally

A Bally International store is seen in Shanghai in April 2016. Shandong Ruyi Investment Holding has acquired a majority stake in the Swiss luxury fashion company. Photo: IC
A Bally International store is seen in Shanghai in April 2016. Shandong Ruyi Investment Holding has acquired a majority stake in the Swiss luxury fashion company. Photo: IC

Chinese textile manufacturer Shandong Ruyi Investment Holding, the owner of U.K.-based brands Aquascutum and Gieves & Hawkes, has acquired a majority stake in Swiss luxury fashion firm Bally International AG.

Bally’s owner, JAB Holding Co., will “retain a minority interest in the company” after the deal is completed, and Bally will retain its head office and main factory in Caslano, Switzerland, according to a JAB statement.

ladingImg
You've accessed an article available only to subscribers
Try 4 weeks for $0.99
SUBSCRIBE
Share this article
Open WeChat and scan the QR code
Copyright © 2017 Caixin Global Limited. All Rights Reserved.