China's Shandong Ruyi buys Swiss luxury brand Bally

China's Shandong Ruyi buys Swiss luxury brand Bally

The acquisition of Bally further adds to Shandong Ruyi's network of luxury clothing and accessories labels. Photo: Bally website

Shandong Ruyi has agreed to buy a controlling stake in Swiss luxury shoe and accessories firm Bally from Luxembourg-based JAB Holding, the companies said on Friday, as the Chinese textile maker builds up a portfolio of fashion labels.

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