An Italian subsidiary of French luxury giant LVMH, Dior Manufactures SRL, on Monday became the third fashion company to be put under administration by a Milan court this year.
Prior to appointing special commissioners to oversee the Milan-based maker of Dior-branded handbags, the court had imposed the same terms on a unit of Italy’s Giorgio Armani group and on leather goods maker Alviero Martini, famous for its geographical map prints.