Gianfranco Ferre and Malo could be up for sale as financially-strapped owner IT Holding seeks a way out of special administration. A source close to the matter told the company was likely to refocus on production licences through its Ittierre unit.
U.S. lawmakers introduced a bill Wednesday to allow duty-free import of goods made in special zones in Afghanistan and Pakistan in an effort to combat extremism there through investment and job creation.
Italian eyewear production has fallen more than 10 percent during the first quarter, following a decline which started with weakening demand last year, the head of industry body Anfao said on Thursday.
U.S. shoe and clothing maker Kenneth Cole Productions Inc posted a wider fourth-quarter loss, weighed down by margin pressures, and suspended its quarterly dividend to conserve cash in an uncertain economic environment.