243
Fashion Jobs
L'OREAL GROUP
Head of Advocacy & Influence - l’Oréal Dermatological Beauty - Copenhagen
Permanent · COPENHAGEN
ESTÉE LAUDER COMPANIES
District Manager (Funen/Jutland)
Permanent · AARHUS
ESTÉE LAUDER COMPANIES
Handelselev Med Speciale i Digital Handel - E-Commerce
Permanent · COPENHAGEN
ZIZZI
Online Buyer Til Fashion
Permanent · BILLUND
SAMSOE
Logistik Koordinator
Permanent · GLOSTRUP
ONLY
Business Controller
Permanent · BRANDE
ONLY
International Sales Manager
Permanent · BRANDE
JACK & JONES
Konstruktører, Jack & Jones og Jjxx
Permanent · BRANDE
BEST SELLER
Environmental Programme Coordinator
Permanent · KØBENHAVN K
BEST SELLER
Product Owner - Data-Driven Solutions & ai
Permanent · AARHUS
SELECTED FEMME/HOMME
Sales Representative
Permanent · BRANDE
L'OREAL GROUP
Key Account Relationship Specialist
Permanent · COPENHAGEN
SAMSOE
Business Controller (Sql And Data Analytics Specialist)
Permanent · COPENHAGEN
ACE & TATE
Optometrist Copenhagen i NY Østergade
Permanent · COPENHAGEN
VERO MODA
Business Controller
Permanent · AARHUS
VERO MODA
Buyer | Curve
Permanent · AARHUS
ONLY
Demand Planner
Permanent · BRANDE
L'OREAL GROUP
Supply Chain Graduate - l’Oréal Luxe Product Division - Copenhagen
Permanent · COPENHAGEN
KERING EYEWEAR
Kering Eyewear - Lindberg Junior Trade Marketing Manager
Permanent · AARHUS
ESPRIT
Area Manager Multilabel Nordic Women
Permanent · COPENHAGEN
ZIZZI
IT Operations Manager
Permanent · BILLUND
TJX EUROPE
Buying Coordinator
Permanent · COPENHAGEN
By
Reuters
Published
Mar 17, 2016
Download
Download the article
Print
Text size

Italian court approves rescue of hat maker Borsalino

By
Reuters
Published
Mar 17, 2016

Hat maker Borsalino, known for its fedoras worn for decades by actors and celebrities from Humphrey Bogart to Rihanna, will be rescued following a decision by an Italian court, which on Wednesday gave the green light to its industrial relaunch.


Judges in the northern city of Alessandria, where the company was founded in 1857, ruled in favour of a rescue plan from Italian businessman Philippe Camperio, co-founder of private equity firm Quest Partners.

Camperio will become the new majority stakeholder of the once family-owned Borsalino through Haeres Equita, a private equity investment company.

His plan is expected to save the jobs of its 110 workers and settle outstanding debts with creditors, including banks, suppliers and Italy's tax authorities.

The financial terms of the transaction were not disclosed.

Despite a strong brand, the company has lost millions of euros in the last years, returning to profit only in the first months of 2015.

Current Chief Executive Marco Moccia has led the company since the former majority owner Marco Marenco was stripped of his powers in 2008 and then arrested in April 2015 over alleged bankruptcy and fraud.

Like many small family-owned fashion companies, Borsalino has lacked the funds and management skills to survive the country's triple dip recession.

With revenues of 15.5 million euros in 2015, Borsalino is expecting 17 million euros of revenue this year, a company statement said on Wednesday, adding that it sells about 165,000 items a year in 50 countries.

 

© Thomson Reuters 2024 All rights reserved.