Ferr

Ferr é was part of Italian fashion group IT Holding SpA until it declared bankruptcy last year.

Prodos Capital, Samsung Make Final Cut for Ferr Christina Passariello 2010

Five bidders made offers for Ferr é since the auction process launched in June.

Prodos Capital, Samsung Make Final Cut for Ferr Christina Passariello 2010

Prodos manager Doug Song attended Ferr é 's fashion show Friday in Milan.

Prodos Capital, Samsung Make Final Cut for Ferr Christina Passariello 2010

With Ferr é, Samsung could help with finding franchise partners in its home market of South Korea.

Prodos Capital, Samsung Make Final Cut for Ferr Christina Passariello 2010

Ferr é has struggled since the death of its namesake designer three years ago.

Prodos Capital, Samsung Make Final Cut for Ferr Christina Passariello 2010

Prodos, wanting to avoid loading Ferr é down with too much debt, brought Samsung in to cover the major cash costs.

Prodos Capital, Samsung Make Final Cut for Ferr Christina Passariello 2010

*** Fashion Prodos Capital Management, a U.S. private-equity firm, and South Korea's Samsung have emerged as the final bidder to buy Italian fashion house Gianfranco Ferr é, which has been in bankruptcy protection, according to people close to the situation.

Business Watch 2010

Ittierre produces Ferr é 's secondary, or less expensive line.

Prodos Capital, Samsung Make Final Cut for Ferr Christina Passariello 2010

The bid, which must be approved by the Italian government, could make Ferr é the first major fashion label felled by the economic crisis to come out the other end of restructuring.

Prodos Capital, Samsung Make Final Cut for Ferr Christina Passariello 2010

Ferr é 's bankruptcy administrators have selected a joint bid of less than € 15 million ($20.2 million) by Prodos and Samsung as the most solid potential deal, according to people familiar with the matter.

Prodos Capital, Samsung Make Final Cut for Ferr Christina Passariello 2010