PROFILE |
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Bally Management may have gotten the boot from Swiss conglomerate Oerlikon-Buhrle, but the shoe designer still clings to its world-recognized, haute brand name. Bally's premium-priced shoes account for most of the company's sales; its other products include accessories (briefcases, handbags, neckwear, scarves) and apparel. Bally owns or franchises about 280 stores. Its products are also sold in hundreds of independent stores such as Nordstrom and Bloomingdale's. The company's new owners are trying to move it from fancy shoes to luxury goods on par with Gucci and LVMH. Oerlikon-Buhrle sold Bally (formed in 1851 by Carl Franz Bally) to investment firm Texas Pacific Group in 1999.
COMPETITION |
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Gucci Group N.V. (GUC)
Jones Apparel Group, Inc. (JNY)
Kenneth Cole Productions, Inc. (KCP)
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FINANCIAL OVERVIEW |
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Fiscal Year-End: December
1998 Sales (mil.): 552.60
1-Yr. Sales Growth: (11.4)%
Employees: 3,581
Revenue per employee: $154,314.44
KEY PEOPLE |
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Gérald Mazzalovo
CEO
CONTACT INFO |
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Parkstrasse 1
CH-5012 Schonenwerd Aargau, Switzerland
Phone: 41-62-858-1515
Fax: 41-62-858-2020
Online: Web Site
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