I had suggested that CCM was a mark of Césare Capello, Milan, based solely on the initials and that Capppello did use the initials CCM on the back of some publications. However a collector has suggested that this was
Chierichetti, another Milan publisher, so I have given CCM its own entry here.
Early CCM cards bear registration details which a good search of the Milan archives, if they exist, would decide.
CCM cards include illustrations of children by A. Bertiglia, some which have been reprinted later, and art noveau style fashions.
The WW1 Bertiglia example also shows the mark of Arca Ltd. This appears, sometimes as Arca Ltd Paris, on other makes of Italian cards and is presumably an agent's mark.
CCM example
This "Art" card with a different CCM logo may be a different publisher.
CCM Arca example