Swiss shoe maker Bally under Chinese flag

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26 February 2018 à 16h18

Updated on 10 May 2019 à 17h20

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1 minute

Publication: 26 February 2018 à 16h18, Updated on 10 May 2019 à 17h20

Reading time: 1 minute

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Publication

26 February 2018 à 16h18

Updated on 10 May 2019 à 17h20

Reading time

1 minute

Publication: 26 February 2018 à 16h18, Updated on 10 May 2019 à 17h20

Reading time: 1 minute

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So far, Chinese used to be among the world’s biggest consumers of luxury products. They are now direct investors into luxury firms. The fashion group Shandong Ruyi (owner of Sandro, Maje, Claudie Pierlot, Lycra, etc.) is taking over the Swiss-based Bally footwear retailer in an undisclosed amount (the valuation of Bally is estimated at €600 million). The German JAB Luxury remains a minority shareholder. Bally sells leather derby for men at €395 and leather jackets at €2,395.
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