By  on October 10, 2011

MILAN — The owners of Paris Group, which controls the Gianfranco Ferré brand, were a no-show Monday at a meeting set in Rome by the minister of economic development to request information about the relaunch of the brand, according to an industry source.

Paris Group owners Abdulkader Sankari and his son Ahmed sent their newly appointed lawyer in their stead, an “impolite move that disappointed” the minister, said the source. A second meeting is now scheduled to take place in four weeks, when Paris Group is expected to provide answers to the minister’s questions.

According to sources, the state-appointed administrators who oversaw the sale of Ferré to Dubai-based Paris Group in February requested the meeting to question the management of the firm. Ferré emerged from almost two years of government-backed bankruptcy protection, but sources in Milan say the new owners have not invested in the company. It is understood Ferré could even be put up for sale again, with a new group of investors eyeing the brand, including the Korean E-Land Group and a pool of investors headed by former Ferré chief executive officer Enrico Mambelli.

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