Asian firms set to compete for Bally
21/09/2017
There has also been an offer from Japanese group Itochu Corporation, according to Bloomberg, which suggested a deal could be worth as much as €600 million ($717 million).
It was revealed in August that Bally owner JAB Luxury was exploring the sale of the brand as part of a move away from the luxury industry in favour of its rapidly growing food and beverage business.
Fosun was reportedly interested in acquiring UK-based luxury shoe brand Jimmy Choo before it was purchased by US leathergoods group Michael Kors for $1.2 billion.
Share this story:
