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<strong>IT</strong> HOLDING S.p.A. Notes to the consolidated financial statements for the year ended December 31, 2002<br />
Consolidated companies Registered office Share capital % of direct % of indirect<br />
Pettoranello di<br />
(In Euros unless<br />
otherwise<br />
indicated)<br />
ownership ownership<br />
GIGLI S.p.A............................................ Molise (IS)—I 520,000 100.00%<br />
V2I HOLDING S.A. ............................... Luxembourg—L 3,235,090 100.00%<br />
EUROHOLDING FASHION S.A.......... Luxembourg—L CHF 150,000 80.00%<br />
INTERSTYLE HOLDING S.A.............. Luxembourg—L CHF 2,600,000 80.00%<br />
MODA BRAND HOLDING S.A........... Luxembourg—L CHF 300,000 80.00%<br />
GF MONTAIGNE S.a.s.......................... Paris—F 1,933,750 100.00%<br />
ALLISON S.p.A...................................... Padova—I<br />
Los Angeles—<br />
1,702,800 100.00%<br />
ALLISON EYEWEAR Inc.....................<br />
CA—U<strong>SA</strong> USD 375,000 86.66%<br />
ALLISON CANADA Inc. ......................<br />
DESIL S.p.A. ..........................................<br />
North York—<br />
Ontario—<br />
CANADA<br />
Domegge di Cadore<br />
CAD 95,000 80.00%<br />
(BL)—I 490,400 100.00%<br />
BIEMME S.r.l. ........................................<br />
Valdobbiadene<br />
(TV)—I 115,200 66.66%<br />
FINANCIÈRE MELAPR HOLDING S.A. Luxembourg—L 13,720,000 99.99%<br />
GIANFRANCO FERRÉ S.p.A. ............. Milan—I 6,750,000 100.00%<br />
NUOVA ANDREA FASHION S.p.A. .. Milan—I 1,800,000 100.00%<br />
GF MANUFACTURING S.r.l. .............. Milan—I 100,000 100.00%<br />
MADEFERRÉ S.r.l................................. Milan—I 10,200 100.00%<br />
FERRÉ FINANCE S.A........................... Luxembourg—L 125,000 100.00%<br />
Changes which occurred in the consolidation area with respect to December 31, 2001 are the following:<br />
Increases:<br />
acquisition of 100% of Paris-based DJL ONE S.A.S. from third parties. The newly acquired company then changed<br />
its name to GF MONTAIGNE S.A.S. It is the tenant under a rental contract for a boutique in Avenue Montaigne,<br />
Paris, which was opened in January 2003 and will be used to sell “Ferré” collections. acquisition of 66.66% of<br />
BIEMME S.r.l., with registered office in Valdobbiadene (TV), from third parties. This company is specialized in<br />
galvanic production and dyeing. acquisition of 80% of EYEWEAR CONNECTION Inc., based in North York<br />
Ontario, from third parties. This company then changed its name to ALLISON CANADA Inc. consolidation of <strong>IT</strong><br />
HOLDING U<strong>SA</strong> Inc.. This company was set up by <strong>IT</strong> FINANCE AND TRADING B.V. through the transfer of <strong>IT</strong><br />
U<strong>SA</strong> Inc. shares. partial spin-off of M.A.C. U<strong>SA</strong> Inc. to the following US-based companies:<br />
• MAC SOHO Llc., headquartered in New York—NY—U<strong>SA</strong>;<br />
• MAC MADISON Llc., headquartered in New York—NY—U<strong>SA</strong>;<br />
• MAC COLORADO Llc., headquartered in Denver—CO—U<strong>SA</strong>;<br />
• MAC BAL HARBOUR Llc., headquartered in Tallahassee—FL—U<strong>SA</strong>;<br />
• MAC PALM BEACH Llc., headquartered in Tallahassee—FL—U<strong>SA</strong>;<br />
• MAC CHICAGO Llc., headquartered in Springfield—IL—U<strong>SA</strong>;<br />
• MAC CLINTON Llc., headquartered in Hartford—CT—U<strong>SA</strong>;<br />
MAC WOODBURY Llc., headquartered in New York—NY—U<strong>SA</strong>. The consolidation of GENTRYPORTOFINO<br />
S.p.A., active in the design, production and marketing of apparel and knitwear collections as well as general<br />
“Gentryportofino” brand products. consolidation of FERRÉ FINANCE S.A., based in Luxembourg. This<br />
company was acquired from third parties to be used as a special purpose vehicle to tap the Euromarket with a<br />
F- 98
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