By  on September 24, 2010

MILAN — After 19 months of government-backed bankruptcy protection, the Gianfranco Ferré brand has a new owner.

According to sources, Prodos Capital Management LLC, a New York-based merchant bank, in a group with Samsung, has submitted a bid that has won over the state-appointed commissioners of the brand. However, the minister of economic development, held at interim by Italy’s Prime Minister, Silvio Berlusconi, will have the final say on the sale. The Ferré show is being held here today.

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