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