Emanuel Ungaro sold to internet tycoon
By Carl Mortished, International Business Editor
THE frills and flounces of couture are to embrace the button-down world of Silicon Valley with the sale of Emanuel Ungaro, the Paris fashion house, to the internet tycoon, Asim Abdullah.
The luxury label, best known for its brightly hued floral designs, is being sold by Salvatore Ferragamo, the Italian footwear firm, for an undisclosed price. Ungaro’s resident designer, Vincent Darre, will be dumped in favour of a designer with fresh vision, whose identity has not yet been decided on.
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