×
538
Fashion Jobs
HAYS RECRUIMENT
Merchandising Manager - Growing Jewellery Brand
Permanent · LONDON
FOUR SEASONS RECRUITMENT
Ecommerce Manager
Permanent · LONDON
FOUR SEASONS RECRUITMENT
Sales Supervisor
Permanent · LONDON
TOO FACED
Too Faced Business Manager, Boots - Oxford
Permanent · OXFORD
TOO FACED
Too Faced Business Manager - Boots, Leeds Trinity
Permanent · LEEDS
FOUR SEASONS RECRUITMENT
Merchandising Manager
Permanent · LONDON
360 RESOURCING
Account Manager
Permanent · LONDON
BIMBA Y LOLA
Sales Assistant Brompton Road
Permanent · LONDON
BIMBA Y LOLA
Part Time Sales Assistant Brompton Road
Permanent · LONDON
BIMBA Y LOLA
Sales Assistant Richmond
Permanent · LONDON
HAYS RETAIL
Retail Operations Manager
Permanent · LONDON
NEXT RETAIL LTD
Home Design Consultant
Permanent · CAMBERLEY
NEXT RETAIL LTD
Warehouse Administrator
Permanent · DONCASTER
HAYS RECRUIMENT
E-Commerce Manager
Permanent · LONDON
HAYS RECRUIMENT
Eyewear Account Manager South London
Permanent · LONDON
NEXT RETAIL LTD
Home Design Consultant
Permanent · CARDIFF
NEXT RETAIL LTD
Sales Coordinator - Permanent
Permanent · LONDON
360 RESOURCING
Head Office Recruitment Consultant - Fashion Retail
Permanent · LONDON
360 RESOURCING
Temps Controller / Temps Recruitment Consultant - Fashion Retail
Permanent · LONDON
OUTSIDE THE BOX RECRUITMENT
Production Manager-Shoes & Slg-Luxury- London Salary up to £70k
Permanent · LONDON
DEPLOY LONDON
International Sales & Marketing Manager
Permanent · LONDON
FOUR SEASONS RECRUITMENT
Digital Marketing Manager
Permanent · LONDON
Advertisements

One foreigner among 8 bids for Malo cashmere

By
Reuters
Published
today Apr 27, 2010
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

MILAN, April 26 (Reuters) - Italian cashmere brand Malo has attracted eight bids, seven of which are home-grown, a source with knowledge of the situation said, after the fashion line was put on offer by administrators of parent IT Holding (ITH.MI).


Malo

Among bidders to lodge non-binding offers on Monday 26 April was one foreign group, the source said, adding that one bid came from a private equity group, but did not say if this was Italian. Another source close to the situation said a consortium of more than 100 industrial creditors might join the private equity group in its bid.

A spokesman for IT Holding was not immediately reachable for comment.

Government-appointed commissioners are auctioning off Malo and IT Holding's other units, fashion brand Gianfranco Ferre and production unit Ittierre, which makes and distributes clothes for lines such as Just Cavalli and Galliano.

Bidders for Malo will have until May 27 to conduct due diligence. They will then decide whether to make a binding offer or pull out by June 3.

The Malo auction will be followed by that of Ferre, whose sale has received the green light by the industry ministry. The sale process is expected to kick off in the next few weeks.

Several fashion houses like Christian Lacroix in France and Mariella Burani Fashion Group (MBFG.MI) in Italy fell into financial difficulties last year, as the global crisis sapped demand for expensive clothes and accessories. (Reporting by Cristina Carlevaro, writing by Antonella Ciancio; Editing by Jon Loades-Carter)

© Thomson Reuters 2020 All rights reserved.