Moreno Giuriato, President of Italservices
03 Aug. 2011
NOLITA AND RA-RE BECOME PART OF ITALSERVICESItalian jeanswear specialist Italservices SpA has just signed an agreement of company rental with Flash & Partners to produce and sell the brands Nolita, Nolita Pocket, Ra-Re and Ra-Re Kid. Due to Flash & Partners’ suffering from the recent international market crisis, Italservices Spa takes over selling and producing collections for spring/summer 2012, while Italservices will guarantee the jobs of 40 Flash & Partners’ employees.
Moreno Giuriato, President of Italservices, commented: “Following our clear objective growth, we registered about €85 million in 2010, 18% more than in 2009 and we expect a further 20% growth for 2011. Our objective is to become a landmark in the Veneto region for casualwear thanks to our brands’ synergies and productive structure flexibility.”
With the new acquisition, Italservices SpA is now having eleven brands in their portfolio: Met, Chino & Friends, Cycle, Heavy Project, JFour, J Color, Tramarossa and Nolita, Nolita Pocket, Ra-Re e Ra-Re Kid.
Maria Cristina Pavarini
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