
Italian Minister says La Perla has been rescued
Urso went on to say: 'I'm here with you because this was a battle for Italian industry and we've fought it together, never giving up. Thanks to the exceptional efforts of the commissioners, the Italian and English liquidators, and MIMIT's staff, we've found an industrial solution for one of the most significant corporate crises in [Italy's] fashion sector, among the most complex ever faced by the Ministry. We've had to deal with multiple administrative procedures in different countries, of a seemingly impossible legal complexity. We've achieved a great success through teamwork.'
The Minister concluded by saying that 'we are ready to assign La Perla to the single entity which has bid for the brand name and the production site, and will safeguard all the jobs, having presented a concrete plan for the industrial relaunch of this long-established Italian fashion icon. We wanted this decisive moment to take place here, at [La Perla's] factory in Bologna, in the presence of the trade unions, the workers and the local authorities, because I owed it to the workers I met at the start of this dispute, when they urged me not to give up. The story of a great symbol of Italian style began in this factory, and here we're able to gauge the resilience of the Italian fashion system, one that amazes and fascinates the world.'

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Fashion Network
12 hours ago
- Fashion Network
Canali launches its first hospitality concept in Hong Kong
Italian menswear brand Canali opens its first luxury hospitality concept at Hong Kong's Harbour City Gateway Arcade. The new Locanda Canali dining venue, adjacent to the brand's new boutique, expands the company's lifestyle offering, strengthening its presence in the Greater Bay Area. The space integrates fashion and gastronomy with an immersive experience that reflects the brand's values: craftsmanship, tradition, and contemporary Italian elegance. The menu, curated by Chef Caprioli and his team, offers an interpretation of traditional Italian dishes, with a focus on Milanese cuisine, from artisanal espresso coffee and pastries by day to a gourmet experience in the evening. The interior design uses materials such as Gris du Marais and Calacatta Cloudy checkerboard marble from the floors to the bar counter and tables. The ambiance is complemented by draped wall panels, champagne-toned seating, and custom-made decorative elements, including artwork in homage to Milan. "The opening of Locanda Canali represents a strategic step in our lifestyle journey. This concept enriches our customers' experience by integrating hospitality into our identity. We strongly believe in the cultural vitality and economic prominence of Hong Kong and the Greater Bay Area and are pleased to continue our development in this dynamic region," said Stefano Canali, chairman and CEO of the Canali Group. This article is an automatic translation. Click here to read the original article.


Fashion Network
12 hours ago
- Fashion Network
Canali launches its first hospitality concept in Hong Kong
Italian menswear brand Canali opens its first luxury hospitality concept at Hong Kong's Harbour City Gateway Arcade. The new Locanda Canali dining venue, adjacent to the brand's new boutique, expands the company's lifestyle offering, strengthening its presence in the Greater Bay Area. The space integrates fashion and gastronomy with an immersive experience that reflects the brand's values: craftsmanship, tradition, and contemporary Italian elegance. The menu, curated by Chef Caprioli and his team, offers an interpretation of traditional Italian dishes, with a focus on Milanese cuisine, from artisanal espresso coffee and pastries by day to a gourmet experience in the evening. The interior design uses materials such as Gris du Marais and Calacatta Cloudy checkerboard marble from the floors to the bar counter and tables. The ambiance is complemented by draped wall panels, champagne-toned seating, and custom-made decorative elements, including artwork in homage to Milan. "The opening of Locanda Canali represents a strategic step in our lifestyle journey. This concept enriches our customers' experience by integrating hospitality into our identity. We strongly believe in the cultural vitality and economic prominence of Hong Kong and the Greater Bay Area and are pleased to continue our development in this dynamic region," said Stefano Canali, chairman and CEO of the Canali Group.


Fashion Network
17 hours ago
- Fashion Network
LVMH's Loro Piana placed under court administration in Italy over labor exploitation
An Italian court has placed LVMH group's high-end Italian cashmere firm Loro Piana under judicial administration for one year after allegedly uncovering labor exploitation within its supply chain, marking the latest in a series of cases that have damaged the reputation of Italy's luxury sector. Loro Piana SpA is the fifth fashion company to be targeted by the same Milan court for similar labor violations since 2023, according to a 26-page ruling reviewed by Reuters on Monday. Units of fashion brands Valentino, LVMH's Dior, Italy's Armani, and Italian handbag company Alviero Martini have also been placed under administration. The court found that Loro Piana, known for its luxury cashmere garments, subcontracted production through two front companies with no actual manufacturing capacity to Chinese-owned workshops in Italy, which reportedly exploited workers. According to the ruling, Loro Piana 'culpably failed' to properly monitor its suppliers in order to pursue higher profits. The Milan court also appointed an external administrator to ensure the company implements effective tools to monitor its supply chain and meet judicial requirements. Loro Piana declined to comment. LVMH was not immediately available for comment. The court stated that the administration period may end earlier if the brand aligns its practices with legal standards, as previously seen with Dior, Armani, and Alviero Martini. LVMH, the world's largest luxury group, acquired 80% of Loro Piana in July 2013, with the remaining 20% retained by the Italian family that founded the company. In their ruling, Milan judges emphasized that despite widespread reporting of previous violations, 'this production chain, headed by Loro Piana, has continued to operate until now.' The court also highlighted that the issues persisted even after representatives of Italy's fashion industry signed an agreement with political and legal authorities in May to combat worker exploitation. The owners of the contracting and subcontracting firms are currently under investigation by Milan prosecutors for labor exploitation and employing undocumented workers. Loro Piana SpA itself is not under criminal investigation. Prosecutors in the case described the violations as part of a 'generalized and consolidated manufacturing method' across Italy's fashion industry. Italy is home to thousands of small manufacturers, which collectively account for an estimated 50%–55% of global luxury goods production, according to consulting firm Bain.