Investment group takes direct control of Bally and J - leatherbiz: Lea Leatherbiz

News

Investment group takes direct control of Bally and Jimmy Choo

02/07/2014
Investment group takes direct control of Bally and Jimmy Choo
German investment firm JAB Holdings has taken over the direct running of its luxury brands, which include high-end footwear brands Jimmy Choo and Bally and accessories brand Zagliani. The move, which removes responsibility for these brands from the Labelux management group, came at the start of July.

In a statement, the investment group said: “JAB management now directly oversee the iconic Jimmy Choo, Bally, Belstaff and Zagliani brands, similar to all other companies in the JAB portfolio.”

Other brands that JAB Holdings controls include beauty company Coty and coffee groups Caribou and Peet’s.

Labelux took over the running of Jimmy Choo in May 2011; it was already running Bally at that time.


Related stories:

75 luxury brands rake in $171.8bn last year 07/07/2014

Leatherbiz.com cannot be held responsible for content if the language setting is changed from English.

The translations provided by Google Translate are automated and therefore might not be accurate and may contain incorrect, offensive or misleading language. We offer this facility as a guide only.