By  on February 9, 2018

LONDON – Chinese textile and apparel giant Shandong Ruyi Group, which controls SMCP and Hong Kong’s Trinity Group, has swooped on Bally, taking a majority stake in the accessories brand in its bid to become a global force in fashion and apparel.

Bally’s parent JAB, which revealed last year it was exiting the fashion business, will retain a minority stake. Bally’s management team, including chief executive officer Frédéric de Narp, will also have a minority holding. The terms of the deal were not disclosed.

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