All-New Cerruti
Italian fashion house Cerruti was sold to private equity firm MatlinPatterson by Fin. part, which shuttered last year. MatlinPatterson promoted attorney Philippe Cleach to chief executive officer and named Canadian designer Nicolas Andreas Taralis to head up the company’s design department. Fin.part had acquired a controlling stake in Cerruti in 2000 from designer Nino Cerruti. During its ownership, Fin.part brought in several new designers for the line, including Los Angeles–based David Cardona.
