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Chinese textile group confirms acquisition of controlling stake in Bally

14/02/2018
Chinese textile group confirms acquisition of controlling stake in Bally

Chinese group Shandong Ruyi has confirmed its acquisition of a controlling stake in high-end accessory and footwear group Bally. Bally’s previous owner, JAB Luxury, put the company up for sale in 2017 as part of a move away from the luxury. Early suitors emerged from China in the shape of apparel manufacturer Fujian Septwolves and investment...

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