Frédéric de Narp appointed Chief Executive Officer of iconic Swiss brand Bally

LABELUX Group today announced the appointment of Mr Frédéric de Narp to the position of Chief Executive Officer of the iconic Swiss luxury brand, Bally, effective 4 November 2013. Mr de Narp joins Bally from his position as President and CEO of Harry Winston, Inc., where he led the successful turnaround of the renowned luxury jewellery and timepiece brand.

Prior to his leadership role with Harry Winston, Inc., Mr de Narp spent 18 years with Cartier where he held a series of international luxury retail positions throughout Asia (Tokyo) and Europe (Switzerland, Italy and Greece). In 2005, he moved to New York to oversee Cartier North America, as President and CEO, before joining Harry Winston, Inc. in 2010.

Reinhard Mieck, CEO of LABELUX, parent group of Bally said: "We are delighted Frédéric will be joining Bally at such an exciting time in the brand's development. He is an outstanding luxury leader with proven skills in all the areas that Bally will focus on in the years ahead. We are nearing a successful restructuring, holistic upgrading and repositioning of this fantastic brand and will be ready to roll out the new Bally as early as 2014. The combination of the brand's rich heritage, loyal following, growth potential and Frédéric's leadership will make this the brand to watch in the sector and we warmly welcome him to the Group".

Frédéric de Narp added: "This is a very exciting opportunity for me, and I am thrilled to be joining a brand like Bally, which has such an incredible heritage. I have been extremely impressed by the work that has been taking place behind-the-scenes so far, and by the values of modern craftsmanship and innovation at the heart of the brand. I look forward to learning from and leading Bally's talented teams in the future, and to continue these traditions for customers around the world who love the Bally brand."