Shandong Ruyi says on Friday it will buy a majority stake in Bally. Photo: Bloomberg

Chinese textile giant buys Swiss luxury brand Bally amid global shopping spree

Bally derives a majority of its revenues from Asia, and the China market accounted for about half of the firm’s revenues.

Topic |   Mergers & Acquisitions

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Shandong Ruyi says on Friday it will buy a majority stake in Bally. Photo: Bloomberg
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