Legendary fashion group Krizia sold to Chinese firm
Latest of Italian companies to be snapped up by foreign buyers24 February, 20:16
Three bidders reportedly have their sights on a minority stake in fashion house Versace.
And the list of Italian clothing and accessories brands now controlled by foreign luxury groups, especially from across the Alps, is lengthy.
A statement notes that the contract between Krizia and Shenzen Marisfrolg Fashion will be finalized by April but that no other details of the transaction will be released for the time being.