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Bally Hunts for New CEO

Marco Franchini departs after seven years.

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Harf added that Bally’s goal was to grow into a large and profitable luxury house and that management would focus on optimizing the retail network.

“We will continue with a multichannel strategy of owned retail, franchises, shop-in-shops and wholesale distribution,” he said.

As reported, Bally also launched

its first online store this spring through a partnership with Milan-based Yoox.com.

Franchini said last year that he expected the label to close fiscal 2008 with sales of around 500 million Swiss francs, or $462.7 million at average exchange for the period.

Bally registered revenues of 400 million Swiss francs, or $337.1 million, in 2007. — With contributions from Elisa Anniss

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