The Swiss fashion company Bally has a new owner. A subsidiary of the investment company Regent has taken over Bally International A.G., which belongs to JAB Holding, the investment banking company announced on Thursday.
The shoe and leather goods specialist, which was sold for an undisclosed sum, now joins the Regent portfolio, which already includes brands such as Escada and Club Monaco.
The latest creative direction, which has been in the hands of Creative Director Simone Bellotti since May 2023, will remain in place, according to an unidentified source quoted by Women’s Wear Daily magazine. CEO Nicolas Girotto is also set to remain on board.
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