NEW SHOES?: Rumors are percolating that Bally might be getting ready to part company with its creative director, Scott Fellows. A company spokeswoman categorically rejected reports Tuesday that Fellows has already left, saying, "Scott Fellows is still very attached to the project, creatively and on the board." But she added that Bally’s chairman and chief executive officer, Marco Franchini, who joined the Texas Pacific Group-owned company in April, will detail organizational changes in September.

TPG bought the Swiss company Bally in 1999 and set out to reposition the brand as a major luxury label. But Fellows’ collections have received a lukewarm reception from retailers and consumers, and the company is understood to still be losing money. Sources said Tuesday that Bally might replace Fellows from its internal staff but keep him on until the end of the year or beyond to help the transition.

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