By  on May 27, 2009

MILAN — Gianfranco Ferré is to launch jewelry under license with Damiani, further signaling that Ferré owner IT Holding SpA, which is in government-backed administration, is returning to health.

“This is a project which pleases us greatly for two reasons,” said Andrea Ciccoli, one of IT Holding’s three commissioners, at Ferré’s headquarters here Tuesday. “Firstly, it is born out of a strong creative idea and therefore a strong managerial team behind Ferré.…Secondly, it falls within a program of rebooting and relaunching the Ferré group, which, with this partnership with the Damiani group, continues to show itself to be a brand with an important history and a big future.”

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