Gianfranco Ferre has a wrong time in hot water. But if all goes well for the future looks bright fashion house now, because Gianfranco Ferre sold.
The Italian fashion house Gianfranco Ferre was founded in 1978. After some very rosy year, the label went into decline. Therefore, the fashion house in 2009 under the supervision of the Italian government issued and then a few months later offered for sale.
There is now a buyer for Gianfranco Ferre found. The fashion house was bought by the Paris Group from Dubai. How the Paris Group has paid for the label has not been officially announced, but according to WWD, the acquisition around 9.4 million euros.
Paris Group will hold a Feb. 25, the day the new fashion collection at the Milan Fashion Week showcases the leadership of Gianfranco Ferre. I wonder what the future holds for the brand, but the Paris Group has grand plans to Gianfranco Ferre is clear. For the next three years if they invest 130 million euros in the fashion house.