Bally could be next to go in JAB’s luxury sell-off
18/08/2017
JAB has reportedly sent out marketing materials to potential suitors and asked for offers to be made by the middle of September.
Private equity firms and Asian fashion companies are among those likely to be interested in Bally, Bloomberg has said, quoting “people with knowledge of the matter”.
The potential sale of Bally is the latest stage in JAB’s efforts to sell off its luxury portfolio to focus on its rapidly growing food and beverage business.
In July, JAB sold UK-based luxury shoe brand Jimmy Choo to US leathergoods group Michael Kors for £896 million ($1.2 billion).
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