A deal has been struck to sell Bally and while we don’t know how much the deal’s worth, we do know that the Swiss brand will be controlled by one of the world’s biggest textile names, Shandong Ruyi Investment Holding.
The company has announced a positive fourth quarter, ended December 31, 2017, propelled forward by even demand across apparel, accessories and footwear categories, and success in EMEA, Canada and APAC.
The American finance giant has raised its equity stake in the Beaverton group (Nike, Jordan, Converse). With a new stake of 6.1%, it has positioned itself as the second largest stockholder after the Vanguard group.
China’s Fosun International and Qatar’s Mayhoola, which owns Valentino and Balmain, are competing to inject capital into Lanvin and buy control as France’s oldest fashion house looks set to run out of cash as early as March, sources with first-hand knowledge of the matter have said.
The Lynnwood, Washington-based specialty apparel retailer reported on Wednesday an increase of 6.3% in comparable sales for the five-week period ended February 3, 2018 compared to the same period in 2017.