By  on September 4, 2013

MILAN — Brunello Cucinelli SpA is launching a tailoring and made-to-measure men’s project and has signed a memorandum of understanding to buy men’s suit producer Sartoria d’Avenza from d’Avenza Fashion SpA for 3.5 million euros, or $4.6 million at current exchange. The division employs 56 workers.

The Italian luxury firm is also planning to purchase the property located in Avenza, near Tuscany’s Carrara, where the business is and will continue to be based. The d’Avenza trademark is not part of the purchase.

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