JAB to start sale process for shoemaker Bally, may attract PE & Asian fashion houses

JAB to start sale process for shoemaker Bally, may attract PE & Asian fashion houses

Photo: Pixabay

JAB Holding Co., owned by the billionaire Reimann family, has kicked off the sale process for luxury shoe brand Bally International AG, which could fetch at least 600 million euros ($707 million), people with knowledge of the matter said.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter