By  on October 24, 2008

MILAN — San Francisco-based JH Partners has only just acquired full control of Italy’s La Perla Group, but the private equity fund is already cutting jobs.

According to sources, JH Partners, which bought the remaining 30 percent stake in La Perla from founding family member and company chairman Alberto Masotti earlier this month, is seeking to lay off around 400 employees at the innerwear label as part of cost-cutting measures.

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