Things at Gianfranco Ferré Are Looking Dicey Again

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A look from Gianfranco Ferre's spring 2012 collection. Photo: Imaxtree

After Gianfranco Ferré's death and his company's subsequent bankruptcy, the label was bought by Dubai-based retailer Paris Group this past March and plotted its comeback. However, this really doesn't seem to be working out. From The Wall Street Journal: “According to a source close to the situation, Paris Group has fired three executives, including the chief executive, and the business seems to be evaporating.” [WSJ]