22 February 2018 – JAB Holding, together with the management of the Swiss luxury shoes and accessories company, has entered into a share purchase agreement 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 the management alongside Shandong Ruyi, remains subject to closing conditions including customary regulatory approvals.

Walder Wyss AG acted as Swiss counsel to JAB Holding. The team has been co-led by Urs Schenker (Counsel, M&A/Corporate) and Urs P. Gnos (Partner, M&A/Corporate) and further included Thomas Meister (Partner, Tax), Lukas Wyss (Partner, Finance), Fabienne Anner (Associate, M&A/Corporate), Janine Corti (Counsel, Tax) and Christian Lütolf (Associate, M&A/Corporate).