* Binding offers for Ferre due by July 6
* Ittierre auction also starts, offers by Aug. 2
(Adds details, sale of Sardina real estate)
MILAN, June 16 The auction of Italian fashion
house Gianfranco Ferre, one of Milan's top designer names, was
launched on Wednesday by the special commissioners running
parent company IT Holding ITH.MI.
A call for bids comes the day before the third anniversary
of the death of Gianfranco Ferre, known for his signature
"architectural" style in suits and jackets and his trademark
IT Holding went into administration in February 2009 after
running out of cash.
In a notice published in newspapers, the three overseers set
a July 6 deadline to submit binding offers for Ferre and an Aug.
2 deadline for binding offers for Ittierre, the IT Holding unit
which makes and distributes clothes for lines such as Just
Cavalli and Galliano.
The commissioners also put up for sale a property in Porto
Cervo, a seaside vacation spot on the exclusive Emerald Coast in
Sardinia, calling for binding offers to be submitted by July 6.
They are also seeking to sell cashmere brand Malo.
Investment bank Mediobanca (MDBI.MI) is advising on the
Several fashion houses, such as Christian Lacroix in France
and Mariella Burani Fashion Group MBFG.MI in Italy, fell into
financial difficulties last year as the global crisis sapped
demand for expensive clothes and accessories.
(Reporting by Danilo Masoni; Editing by Greg Mahlich)