By  on July 7, 2010

MILAN — The state-appointed administrators of IT Holding SpA have extended the deadline to submit binding offers for the purchase of the Gianfranco Ferré fashion house until Aug. 2.

The offers, which should include business plans to continue the company’s activities, were originally to be presented to commissioners Stanislao Chimenti, Andrea Ciccoli and Roberto Spada no later than July 6. Sources say the deadline for Ferré, controlled by IT Holding, was extended given the interest generated by the publication of sale regulations indicating terms and conditions and published in several newspapers last month. It appears several foreign bidders are looking at the dossier and are asking for additional time.

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