【Switzerland】Swiss Luxury Leather Goods Brand Bally Acquired by U.S. Private Equity Firm

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Editor’s Note

This article reports on the acquisition of Swiss luxury brand Bally by U.S. private equity firm Regent. The deal, announced on August 15, marks a significant shift in ownership for the historic leather goods house.

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Acquisition Announcement

On August 15, U.S. private equity firm Regent announced the acquisition of the Swiss luxury leather goods brand Bally.

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Transaction Details

The transaction was conducted through a subsidiary of Regent. The seller was JAB Holding Co., the European investment giant controlled by Germany’s Reimann family.

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Statement from Regent
“Bally is one of the world’s oldest luxury brands, with a history spanning over 170 years. Bally possesses classic design and unparalleled quality, representing Swiss elegance and a steadfast commitment to exquisite craftsmanship. We are honored to be entrusted with writing the next chapter of this extraordinary story,” said Michael Reinstein, Founder and Chairman of the Board of Regent.
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About Bally

Bally was founded in 1851 in Schonenwerd, Switzerland. It primarily produces and sells luxury footwear (such as loafers and winter boots), as well as men’s and women’s ready-to-wear and accessories (including belts, handbags, and wallets). The company was once held by the U.S. private equity firm TPG (Texas Pacific Group)…

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⏰ Published on: August 15, 2024