By  on September 15, 2010

MILAN — The sale of the Gianfranco Ferré brand is in its final stages, and is likely to be finalized by or during Milan Fashion Week later this month. The Ferré show is scheduled for Sept. 24.

According to sources, Egyptian tycoon Hamed Eleish and Prodos Capital Management LLC, a New York-based merchant bank, in a group with Samsung, are neck-and-neck in the bidding, which is estimated to total between 8 million and 10 million euros, or $10.2 million and $12.7 million at current exchange rates.

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