By  on January 5, 2009

MILAN — IT Holding SpA said Friday it would explore alternatives to improve its financial situation, after deciding not to extend its exclusive terms with Mensun Ltd., which had expired on Wednesday.

The Italian fashion group said it would continue “to define a possible deal” with Mensun, but that IT Holding’s board also had mandated new chief executive officer Pierantonio Nebuloni “to evaluate other possible actions.”

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