Skip Nav
Winter Fashion
Found: The Perfect Lingerie For Your Zodiac Sign
Gigi Hadid
The Message on Gigi Hadid's Sweater Is All. About. Gigi — and We Like It
Fashion News
Thanks to Mansur Gavriel, Your Shoe Closet Is Now Complete

Samsung's Deal to Buy Gianfranco Ferre May Fall Through

Samsung's Deal to Buy Gianfranco Ferre May Fall Through

>> Samsung and US private equity firm Prodos joined forces to bid on the bankrupt Gianfranco Ferre in September — and last month, Italy’s minister of economic development approved the offer — but a source told WWD that Samsung is now having “second thoughts at the altar.” Furthermore: “Samsung is not giving the administrators the guarantees they had requested, such as keeping the company’s employees or on long-term projects. Now it’s up to the administrators again, and they are evaluating how to proceed.” Originally, Prodos had committed to keeping all of the company's 150 employees, whereas it was more unclear whether Ferre's current designers, Tommaso Aquilano and Roberto Rimondi, would stay on. Now, the source suggests the holdup is contingent on the fact that Samsung, Prodos, and the administrators "may have agreed on strategies, but not on the operative decisions, such as the choice of a chief executive or of a creative designer.” [WWD]

Around The Web
Ferre Reportedly Considered Hiring John Galliano
Fall 2011 Milan Fashion Week: Gianfranco Ferre
Backstage Photos from Milan Fashion Week Spring 2011: Marni, Missoni, Emilio Pucci, Roberto Cavalli, Jil Sander, Giorgio Armani
Prodos Makes Bid for Gianfranco Ferre; Brand Designers Tommaso Aquilano and Roberto Rimondi May Not Stay Under New Owners

POPSUGAR, the #1 independent media and technology company for women. Where more than 75 million women go for original, inspirational content that feeds their passions and interests.

Join The Conversation
Latest Fashion