MILAN — Ittierre SpA will produce and distribute a young ready-to-wear and accessories line for Costume National called CNC Costume National, starting with next fall’s collection, under a renewable five-year licensing agreement. The line will be designed by Ennio Capasa, who also designs the signature line.

In a phone interview Monday, Angelo Giallorenzo, sales and marketing manager of Ittierre, said the line will be positioned about 20 to 30 percent below Costume National and said he expected sales of $141.6 million (converted from 120 million euros at current exchange) in the first five years.

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