As previously reported (also see here) Ittierre will be saved thanks to investment company IKF S.p.A. After the Isernia tribunal has given its approval and creditors gave their OK to the save the company from insolvency by its previous owners (Oti srl by Antonio Rosati and Antonio Bianchi), the new company Le Fabbriche Riunite will relaunch Ittierre’s activities by hiring part of the Ittierre company through its previous owner Oti Srl for €300,000. The contract will last for two years until end June 2017.

Involved in the operations are Mario Galetti, president of IKF Advisory S.p.A., Massimo Suppancig, CEO of the new company, and previously operating as top manager for Escada, Hugo Boss, Valextra as well as formerly involved in saving Ittierre when facing an extraordinary administration process phase. Member of the board of directors is also Flavio Sciuccati, senior partner of The European House – Ambrosetti and Director of Global Fashion Unit.

The new company will start working on two licensing agreements and a productive agreement. Aim of the company is to focus on designer brands, premium lines, denim collections and accessories.

Initially they will hire 40 people even if the true development phase will start from 2016 onwards. From next year on also a logistic division could start operating. Therefore they might hire 15 more employees.
The productive hub is the same one previously occupied by the former Ittierre. “IKF has already made a request to hire about 7,000 sq. meters of the total space,” commented Suppancig. “In any case the whole productive process will remain in the Molise region. We will involve local partners and productive specialists of this area that have already worked for Ittierre. The ability of this area’s workers has a special added value: they can produce top quality Made in Italy products at competitive prices.”