Shop Around the Clock: Nino Cerruti has found his buyer. A spokesman for the designer confirmed on Thursday that Cerruti had sold a majority stake — 51 percent — of his clothing company to Fin.part, the public Italian company with holdings that include the fashion house Maska, the luxury home linens company Frette and the sportswear labels Henry Cotton’s and Moncler. It also produces Cerruti Jeans under license.
Sales of all products, including licensed goods, sold under the Cerruti 1881 label, were $250 million last year.
“The main reason for this choice was that there would be a strategic continuity for the house and also a management continuity,” said a spokesman for Cerruti.
And while on the subject of mergers and acquisitions, it looks as if Gianfranco Ferre has found a purchaser, too, and it’s the clothing manufacturer Ittierre. The sale would cap more than two years of haggling over the company, with the designer’s former partner, Franco Mattioli, wanting to sell, while Ferre wanted to hang on to his shares. It was unclear at press time what percentage of the company was actually sold. Ittierre’s parent, Gruppo Tonino Perna, already held a 21 percent stake in Ferre, which it bought last December.
Designing Women: Princess Marie-Chantal of Greece is following in the footsteps of her sister, Alexandra Miller Von Furstenberg, by taking up a career in fashion design. Marie-Chantal said she is launching her own line of children’s wear for newborn infants to 12-year-olds next week at the International Kids Fashion Show at the Jacob K. Javits Convention Center in New York.
The line is called “marie-chantal” — no caps — and consists of looks like cute capri pants and sleeveless linen tops with rickrack trim, in pastel green, pink, lavender and turquoise, with items priced to retail from $45 to $210.
Marie-Chantal, who studied at the Fashion Institute of Technology for a semester, has a daughter, two sons and a deep love for fashion, so she figured this would be a good entry into design.
“It was a number of things,” she said. “I have so many kids, my sisters have so many kids, and we’re not happy with what’s out there for children. It’s either too dressy or too trendy.”
Alexandra, of course, has been the creative director of Diane Von Furstenberg since 1997. So, what happens to the third Miller sister, Pia Getty?
“Pia’s helping me,” Marie-Chantal said. “I can’t really give her a title at the moment, but she’s been doing things like researching manufacturers in Madagascar for making smocks. She’s been a great help in finding who can make our cashmeres for the fall. She’s our little researcher.”