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The Bally Shoe company was founded as "Bally & Co" in 1851 by Carl Franz Bally (1821-1899) and his brother Fritz in the basement of their family home in Schonenwerd in the Canton of Solothurn, Switzerland. In 1854, a shoe factory was set up in the village but Fritz Bally left the fledgling business and Carl Franz Bally carried on under the corporate name "C.F. Bally."

By the 1860s Bally employed more than 500 people. Within another decade it had built an international reputation for quality and design in both men's and women's shoes and expanded operations outside of Switzerland to Buenos Aires, Argentina; Montevideo, Uruguay; and Paris, France.

In North America, Bally has boutiques in Atlanta, Beverly Hills, Boston, Costa Mesa, Honolulu, Houston, Las Vegas, Ledyard, McLean, New York City, and Panama City.

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