Gianfranco Ferré Now Officially for Sale

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Gianfranco Ferré, fall 2010. Photo: Imaxtree

Bidding on the fashion house that went bankrupt in February of last year opens today and closes July 6. Administrators hope to complete the sale by August. If all goes accordingly, Ferré would be the only major label to overcome the fiscal assaults of the recession in such a restructuring plan. Four parties, including South Korea–based Samsung Group and an Italian private-equity operation, are said to have expressed interest in buying the label. [WSJ]