The auction for bankrupt Italian fashion house Gianfranco Ferré happened Wednesday with a invite for potential buyers to express their interest. Ferré is the first major label felled by the economic crisis to come out the other end of restructuring.
Ferré, which has been in bankruptcy administration since February 2009, will publish a notice in newspapers Wednesday that potential bidders can conduct due diligence on the company, said Andrea Ciccoli, one of three administrators working on the restructuring. Original article.
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