By  on May 19, 2009

MILAN — Italy’s Ittierre SpA took another step toward recovery on Monday, after the administrators for the fashion company named Massimo Suppancig as managing director.

Suppancig, 49, led the turnaround of high-end accessories firm Valextra SpA, serving as chief executive officer from 2003 to 2007. He has also held senior roles at Hugo Boss AG and Escada AG.

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