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Gianfranco Ferré Receives New Offer From Paris Group

Gianfranco Ferré Might Have Another Savior

>> After a failed transaction with Samsung, Gianfranco Ferré might have another savior on the horizon. A Milan-based source revealed that Paris Group, a Dubai-based fashion distributor and franchisee in the Middle East, has submitted an offer for the bankrupt brand: “This is a real offer, they are very keen,” said the source. Paris Group, founded by Abdulkader Sankari, operates more than 250 stores in the United Arab Emirates, Kuwait, and Saudi Arabia for brands such as Versace, Cerruti, and Ferré.

Image Source: WireImage
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