M&A. Bally soon to fly a Chinese flag ?

Publication

18 January 2018 à 19h06

Updated on 10 May 2019 à 17h20

Reading time

2 minutes

Publication: 18 January 2018 à 19h06, Updated on 10 May 2019 à 17h20

Reading time: 2 minutes

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Publication

18 January 2018 à 19h06

Updated on 10 May 2019 à 17h20

Reading time

2 minutes

Publication: 18 January 2018 à 19h06, Updated on 10 May 2019 à 17h20

Reading time: 2 minutes

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In China, the textile manufacturer Shandong Ruyi Group continues an acquisition spree of high-end Western fashion retailers. Talks are advanced with the Swiss footwear retailer Bally International (currently owned by JAB Holding Co. based in Luxembourg, which also owns brands such as Coty and Reckitt Benckiser) for an acquisition price averaging US$700 million. In 2016, the well-known Shandong Ruyi Group already bought the SMCP Group, which owns Sandro, Maje and Claudie Pierlot labe

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