SWITZERLAND: Bally Parts Company With Creative Director
Swiss fashion and footwear chain Bally International AG has parted company with its creative director Scott Fellows. The 37-year-old is believed to have left the Cassano-based firm as part of its restructuring drive which includes major store closures after huge losses. Earlier this year, Bally named a former top executive of Gucci's European unit, Marco Franchini, as its new CEO in a bid to revive its flagging fortunes.