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Examples
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The group's other holdings — knitwear brand Malo and Ittierre SpA, the licensing and manufacturing business that produces for labels such as Just Cavalli and John Galliano — are being sold separately.
Prodos Capital, Samsung Make Final Cut for Ferr Christina Passariello 2010
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Ittierre produces Ferr é 's secondary, or less expensive line.
Prodos Capital, Samsung Make Final Cut for Ferr Christina Passariello 2010
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Roberto Cavalli, whose designer is known for his animal print designs, saw turnover fall 22% last year to about 175 million euros ($237.8 million) — hurt by financial woes at Italy's Ittierre — "with a positive EBITDA in excess of 12%," CEO Gianluca Brozzetti said.
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Cavalli's Just Cavalli line is manufactured under license by Ittierre, a unit of fashion group IT Holding, which was put into administration last year and is in the hands of government-appointed commissioners.
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IT Holding also said that another subsidiary, Ittierre, has been sold to the Italian textile group Albisetti.
Business Watch 2010
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Roberto Cavalli, whose designer is known for his animal print designs, saw turnover fall 22% last year to about 175 million euros ($237.8 million) — hurt by financial woes at Italy's Ittierre — "with a positive EBITDA in excess of 12%," CEO Gianluca Brozzetti said.
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Cavalli's Just Cavalli line is manufactured under license by Ittierre, a unit of fashion group IT Holding, which was put into administration last year and is in the hands of government-appointed commissioners.
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Ittierre holds the licenses for such brands as Just Cavalli and John Galliano.
Business Watch 2010
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On Wednesday Ittierre secured a €30 million line of credit from Italian banks including Intesa Sanpaolo SpA and UniCredit SpA, allowing the unit to continue operating under bankruptcy protection, Ittierre said.
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Through its Ittierre licensing unit, IT Holding also made and sold clothing lines for other top Italian designers, such as Roberto Cavall i and Donatella Versace
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