Sign up to receive the Vogue Business newsletter for the latest luxury news and insights, plus exclusive membership discounts. Bally finally has a new owner. JAB, the investment vehicle of Germany’s billionaire Reimann family, has sold the 173-year-old Swiss brand to US-based investment firm Regent, whose portfolio includes Club Monaco, Escada and La Senza. The acquisition...
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EXCLUSIVE: JAB Sells Bally to Regent Affiliate
MILAN — After 16 years, Bally has a new owner. On Thursday, an affiliate of Regent, the owner of Club Monaco and Escada, will reveal it has acquired Bally International A.G. from JAB, WWD has learned. “Bally is one of the world’s great heritage luxury brands,” said Michael Reinstein, founder and chairman of Regent. “Its legacy,...