According to paperwork reviewed by WWD, the brand’s Swiss legal entity Bally Schuhfabriken GmbH has been placed under a court-mediated restructuring procedure in Switzerland, called “moratoria concordataria.” The spokesperson added that Bally “was already a deeply distressed business when Regent acquired it after its prior owner had tried for years to sell it. Swiss newspaper “La Regione” has alleged that Regent has also attempted to transfer the Bally trademark to American company Aare LLC. On these allegations the Regent spokesperson told WWD that “certain matters connected to the restructuring are before the Swiss courts, and it would be improper to characterize pending proceedings. “Regent owns the Bally group, so any offer to acquire it, or the brand, would have to come to Regent.