* IT in nonbinding accord with Mensun
* Names Pierantonio Nebuloni chief executive (Adds details throughout, background)
MILAN, Dec 11 (Reuters) - Italian fashion group IT Holding
IT, the group behind brands that include Gianfranco Ferre,
named Pierantonio Nebuloni, a founder of the Management &
Capitali SpA
Perna updated the board on progress of talks with Mensun on Thursday.
IT Holding mandated Perna last week to continue exclusive talks with Mensun, a company represented by Chinese businessman Billy Ngok, until the end of the year.
Ngok is chairman of Hembly International Holdings Ltd <3989.HK>. (Reporting by Ian Simpson)