A pair of original Swiss-design Bally shoes from 1939
Bally
Luxury shoemaker Bally, which was founded in Switzerland in 1851, has again changed hands. China’s Shandong Ruyi has agreed to buy a controlling stake in the firm from Luxembourg-based JAB Holding, the companies said on Friday.
“This is an important milestone for Shandong Ruyi Group in our enterprise to become a global leader in the fashion apparel sector,” Yafu Qiu, Chairman of Shandong Ruyi GroupExternal link, said in a statement. “We look forward to supporting Bally in achieving its continued growth and enhancing its brand globally.”
Shandong Ruyi has been slowly building its network of luxury clothing and accessories labels
Bally External linkwas founded by Carl Franz Bally at Schönenwerd in canton Solothurn in 1851. The brand was sold to Werner K. Rey in 1976. A year later it was bought by the Zurich group Oerlikon-Bührle. It was later bought by the US investor Texas Pacific Group in 1999, before being taken over by JAB Holding in 2008 and is now headquartered in Milan.
Bally’s parent company, JAB Holdings has been selling off its luxury and fashion investments. It will retain an undisclosed minority stake in Bally.
Train vs plane: would you take a direct train between London and Geneva?
Eurostar is planning to run direct trains from Britain to Germany and Switzerland from the early 2030s. Would you favour the train over the plane? If not, why not?
Swiss price watchdog negotiates lower fees for card payments
This content was published on
Small businesses in Switzerland will have to pay fewer fees for cashless payments from customers over the next few years.
Lakes in Central Switzerland have best water quality for bathing
This content was published on
Anyone who swims in a lake in Central Switzerland need have no fear of infection from intestinal bacteria. The water samples taken at 65 bathing sites in 13 lakes all have good to excellent bathing water quality.
This content was published on
Unknown assailants have stolen a historic ring from a Basel museum. The stolen item was a gift from Russian Tsar Alexander I to his host in Basel in 1814.
More May hotel guests in Basel than at any time in past 90 years
This content was published on
Basel hotels recorded 150,854 overnight stays for the Eurovision Song Contest in May. This corresponds to a year-on-year increase of 8.4%.
Demand remains high for rental flats in Switzerland
This content was published on
More rental flats are once again being advertised on property portals in Switzerland. However, demand also remains very high.
One in five Europeans exposed to too much traffic noise
This content was published on
More than one in five Europeans are exposed to unhealthily high levels of traffic noise, according to the European Environment Agency (EEA).
New living space through densification often comes at expense of the poor
This content was published on
If demolition and new construction are carried out and tenants have to make way, low-income households are affected more often than average.
This content was published on
The ceasefire in the Iran-Israel war has visibly eased tensions on the financial markets. The SMI, Switzerland's leading stock market index, has risen above the 12,000 point mark again.
No Swiss protection for Louboutin’s red-soled shoes
This content was published on
On Friday, the Federal Supreme Court in Lausanne turned down Louboutin’s demand for protection stating that the red soles are merely an aesthetic element and are thus not deserving of trademark protection. The court added that just because the brand managed to wrangle trademark status for its red soles in other countries like China, Russia…
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.