Tommy Hilfiger grants Ittierre the permission to manage his runway shows for clothing collections
In a recent press release, Antonio Bianchi, President and CEO of Ittierre, announced the Italian fashion company's expansion with the acquisition of five new licenses this year. One of these licenses is for Balmain's second line, adding the luxury French brand to Ittierre's growing portfolio.
The acquisition of Ittierre was prompted by the crisis at IT Holding group, leading to a change of ownership last year. According to available information, Albisetti took over Ittierre following the crisis. Since the acquisition, Ittierre has been actively expanding its reach in the fashion industry.
As of the statement, Ittierre currently manages a portfolio of ten companies, with Balmain being the latest addition. The expansion of Ittierre's portfolio marks a significant step forward for the company, as it continues to establish itself as a key player in the fashion industry.
The acquisition of Balmain's second line is a strategic move for Ittierre, as the brand is known for its luxurious and sophisticated designs. This move is expected to strengthen Ittierre's position in the market, providing it with an opportunity to cater to a more upscale clientele.
In conclusion, Ittierre's acquisition of Balmain's second line is a testament to the company's growth and ambition in the fashion industry. With a strong portfolio of ten companies and a strategic acquisition under its belt, Ittierre is poised to make a significant impact in the world of fashion.
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