Wolford: Ralf Polito to succeed Paul Kotrba as director of operations
Cassidy STEPHENS
Ralf Polito, aged 47 was appointed by the Wolford
Ralf Polito succeeds Paul Kotrba, who stepped in as interim COO in August, following the departure of Andrew Thorndike
Ralf Polito previously worked for Austrian high-end shirt brand EternaTriumphHugo Boss
In the first half of the year, Wolford improved its revenue by 29.4% to 54.3 million euros, while its earnings before interest and taxes (EBIT), fell by 14.4%, generating a loss of 16.9 million euros due to “high inflation-related costs.” Nevertheless, the company has “made progress in brand positioning” and expects “a stabilization of the positive sales trend for the whole year.”
After collaborating with Alberta FerrettiGCDSa capsule collection with the Italian luxury shoe brand Sergio Rossi.
