TPG in Sale of Bally to European Luxury Goods Holding Company
April 22, 2008
Cleary Gottlieb is representing long-time client TPG in its sale of Bally International AG to LABELUX Group. The deal was announced April 22 and is expected to close this summer, pending regulatory approval.
Founded in 1851, Bally is a global brand featuring high-quality shoes, ready-to-wear fashion, bags and other leather goods. TPG purchased Bally in 1999. Bally retails through approximately 250 namesake stores and more than 750 points of sale worldwide.
LABELUX is a newly established Vienna and Milan-based luxury goods holding company owned by the family-controlled Joh. A. Benckiser SE.