South Korean Samsung to buy the house of GIANFRANCO FERRE

Italian media is reporting today, that the Gianfranco Ferre brand might be sold to South Korean SAMSUNG, which has expressed a formal interest. Samsung would acquire Ferre through one of its investment arms Pcm – Prodos Capital Management. A Russian investment fund is also said to have expressed an interest.

The Ferre brand is owned by IT Ittiere Holding, an Italian holding company which filed for bankruptcy at the beginning of this year. IT Ittiere is mostly known for its licencing deal, producing the diffusion lines of Roberto Cavalli, Gianni Versace. IT Ittirere also owns the Gianfranco Ferre and Malo brands.