MILAN — Times may be tough, but Salvatore Ferragamo is not cutting back on its retail rollout and new store concept developed by interior designer Michael Gabellini.

Investing at around $70 million over a four-year period through 2002, the Florentine luxury goods house is opening 10 boutiques this year, including Amsterdam, Osaka, Japan, Cannes, France, and Kuala Lumpur, Malaysia, as well as in The Americana shopping center in Manhasset, Long Island, which is set to open Aug. 10. And the Ferragamos will fly to Moscow on Sept. 5 to inaugurate the company’s first boutique there, located on the tony Stoleshnikov Pereulok Street.

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