JAB Holding, together with management of the Swiss luxury show and accessories company, has entered into definitive agreements for the sale of control in Bally International A.G. to Shandong Ruyi Investment Holding, a leader in textiles and apparel in China. The transaction, which sees a reinvestment on the part of management alongside Shandong Ruyi, remains subject to closing conditions including customary regulatory approvals.

JAB will retain a minority interest in Bally, which is enjoying strong, continuous growth, notably in Asia, and with the arrival of Shandong Ruyi the company plans to grow the global brand further.

The Hogan Lovells team which assisted JAB was led by corporate partners Antonio Di Pasquale and Leah Dunlop, supported by Nicoletta Spinaci (Senior Associate), Catherine Lah (Senior Associate, London), Andrea Foglia (Associate), Michele Lettieri (Trainee) with assistance on antitrust aspects from the Brussels team, led by partner Matthew Levitt and Gianni De Stefano (Counsel).