>> Owner: Ungaro Not for Sale— Despite reports yesterday that Asim Abdullah, owner of Emanuel Ungaro, is looking for a buyer, Abdullah says not so. “It’s absolutely not true. The company is not for sale. We are not entertaining any conversations with anyone about the sale of the company." The brand recently terminated its lease on its Madison Avenue store in New York, trading for a smaller boutique to open next month. Abdullah acknowledged that his goal is to make the brand "sustainable" by 2011. [WWD]
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