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CERRUTI SUITOR: Chinese men’s wear giant Trinity Group is working on a deal to acquire Paris-based fashion house Cerruti, WWD has learned. According to market sources, Trinity — which holds the license to distribute Cerruti 1881 men’s wear in Greater China — is in talks to purchase the group from U.S. private equity firm MatlinPatterson.
Asked to comment on the speculation, Sunny Wong, Trinity’s group managing director, replied, “Trinity is always looking for new opportunities and alliances to improve shareholders value.”
Officials at MatlinPatterson did not respond to requests for comment, while a spokeswoman for Cerruti said she could neither confirm nor deny any imminent transaction.
Trinity Group was listed on the Hong Kong Stock Exchange in November 2009. It is a member of the Li & Fung Group, which acquired the company in 2006.