By  on January 13, 2012

MILAN — Men’s Fashion Week kicks off in Milan on Saturday, and one storied name is glaringly missing from the schedule: Gianfranco Ferré.

According to sources, this is merely one more sign of how new owner Paris Group has not been developing the brand since buying Ferré last February. So much so that one well-placed industry source said the three state-appointed administrators who oversaw the sale of Ferré have asked the court of Isernia, Italy, to “conservatively sequester” the brand and its assets to avoid its further impoverishment. Paris Group has filed a counter document and a meeting with the administrators is expected at the end of January.

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