By  on February 15, 2008

MILAN — IT Holding said Thursday that it has established the Fondazione Gianfranco Ferré.

According to the foundation's general director, Ferré's cousin and longtime collaborator Rita Airaghi, the establishment's aim is to "preserve and diffuse" the late designer's work and is an "homage to his genius." IT Holding chairman Tonino Perna and Alberto Ferré, the designer's brother, hold the position of president and vice president, respectively, of the foundation. "It is important that his message not be lost," said Ferré.

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