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Bally sold: Oerlikon-Buehrle Holding AG of Zurich said it was selling its ailing Bally shoe and fashion unit to U.S.-based Texas Pacific Group as a key step in a restructuring program. No price was disclosed, but OBH Chief Executive Willy Kissling said it was below Bally’s book value–which also was not disclosed. Analysts valued the long-awaited deal at between $195 million and $260 million. For Texas Pacific–which owns Ducati motorcycles, Del Monte foods and J Crew fashions–the acquisition means a new jewel and a pricey bid to bring Bally back to its glory days.
