Gatti sells Orwell

Massimo Gatti is to sell his cashmere business, Orwell, to fashion group Mariella Burani. According to just-style.com, the Italian entrepreneur has signed a letter of intent concerning the sale. In turn, Gatti will buy a stake in Mariella Burani through his financial business, Sunrise.

Italian designer, Olmes Carretti, recently joined Orwell as creative director of the brand's first men's wear range. The new line was is part of the company's re-launch and global expansion plan.