Bally's business is on the decline. Bally boutique in Milan. Photo: Bally
19.06.2026 1698

Bally's business is on the decline.

Swiss luxury brand Bally is in receivership, with debts of approximately €20 million. Founded in Schönenwerd in 1851, the company produced high-quality handmade shoes, later expanding into bags and clothing, entering the exclusive luxury goods segment. Today, the company is facing a crisis that could lead to its collapse, reports Laconceria.it.

After alarming news about the closure of the Bally Studio in Florence and the layoff of 65 employees at the brand's headquarters in SwitzerlandIn March 2025, the brand's creative director, Simone Bellotti, left for Jil Sander. Then came a change in CEO: Mario Grauso, the former chief creative officer of the Swiss brand, took over the position vacated by Ennio Fontana.

In May 2026, Bally suspended production in Switzerland, leading to the layoffs of the last 27 employees remaining at its Caslano headquarters. And in June 2026, reports emerged that the brand was also cutting salaries among its retail staff due to store closures.

Swiss luxury brand Bally is in receivership, with debts of approximately €20 million. Founded in Schönenwerd in 1851, the company produced high-quality handmade shoes, later…
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