Shoe brand Bally put up for sale

Shoe brand Bally put up for sale

Austrian investment firm JAB Holding wants to sell Swiss shoe brand Bally, hoping to get at least 600 million euro. The same company sold shoe brand Jimmy Choo not too long ago, as it wants to focus on its food brands henceforth.

Focus on drinks and food

Bally’s sale fits JAB Holding’s strategy to sell its luxury brands. Jimmy Choo has already been sold, Bally is next and that leaves only leather brand Belstaff. The investment firm wants to focus on drinks and food in the future, like its coffee brands (including Douwe Egberts), and its more than 2,000 sandwich shops in the United States and Canada. Perfume and cosmetics firm Coty is also part of the JAB empire.


JAB had acquired Bally in 2008, buying it from American investment firm Texas Pacific Group. The shoe brand has a turnover of about 400 million Swiss francs (350 million euro).


It was revealed only last month that Michael Kors was luxury shoe brand Jimmy Choo’s new owner. The American fashion company had to pay 896 million pounds (1 billion euro) for the brand. JAB owned 70 % of Jimmy Choo’s shares and announced in April it wanted to find a new owner.

Questions or comments? Please feel free to contact the editors

Gerelateerde items

C&A sells 13 French stores


Fashion chain C&A will sell thirteen of its 160 French stores. The locations and the staff will all transfer to French fashion chain Chaussea and Stokomani.

Europe and Asia give Guess strong quarter


American fashion brand Guess’ third quarter turnover grew more than 3 %, mainly thanks to excellent sales in Asia and Europe. It did post a net profit loss however.

Nestlé considers Hain Celestial acquisition


Nestlé is allegedly interested in a Hain Celestial acquisition. The food company manufactures organic and vegetarian food and is currently valued at about 3.5 billion euro.

Urban Outfitters gets back on track in third quarter


Following several quarters of negative results, Urban Outfitters’ third quarter was one of growth. Total turnover grew 3.5 % and there was a 1 % like-for-like growth.

Danish fashion platform Miinto is now also available in Belgium


Danish fashion platform Miinto has launched in Belgium this week. Smaller fashion retailers can sell their products on the platform, combining their strength to withstand larger web shops.

Barbie rejects G.I. Joe & co (for now?)


Toy giant Mattel has allegedly turned down competitor Hasbro’s bid, according to press agency Reuters’ anonymous sources close to the deal. It is still unclear what the repercussions would be.

Back to top