FRANCE: Bally To Close A Dozen Shoe Stores
Swiss shoe manufacturer Bally is to sell 12 of its 22 French stores and has already received several offers, it announced on Friday.
The company added that it expected the sales to be completed by the end of the autumn-winter season.
Following the company's acquisition in 1999 by Texas Pacific Group, Bally has sold more than half its European chain, with 18 stores sold off in 2000 alone.
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