Government-appointed advisers have accepted an offer for the Gianfranco Ferre fashion group from the Dubai-based Paris Group.
A statement confirming the sale by the bankrupt holding company that controls Ferre did not cite terms or the price of the transaction. IT Holding said Tuesday that the offer needs approval of the Economic Development Ministry and unions.
Media reports have put the price at €100 million ($136.35 million) over three years.
No comments:
Post a Comment