Latest news with #MIMIT
Fashion Network
10-06-2025
- Business
- Fashion Network
La Perla acquired by US billionaire Peter Kern
The new owner of Italian luxury lingerie label La Perla is US billionaire Peter Kern, the former vice-president and CEO of Expedia. The news was reported by Italian daily Il Messaggero, citing sources from Italy's Ministry of Business and Made-in-Italy (MIMIT). The news has been confirmed by other sources close to the matter. Kern lives in Italy with his wife Kirsten, and is nicknamed 'Mr Brunello di Montalcino' for his investments in the wine industry. He has acquired the rights to La Perla's brand name and the label's Bologna production site. The former was the property of UK-based company La Perla Global Management UK, which is being wound up by the court in Italy and went into administration in Britain, while the factory was owned by Bologna-based company La Perla Manufacturing, also in administration. MIMIT Minister Adolfo Urso will give the unions details of the operation, which will save 210 jobs, while a turnaround plan involving 40 new hires has been drawn up. According to Il Messaggero, it was Kirsten who encouraged her husband to buy La Perla. Kern is said to have paid approximately €25 million for the production site, the minimum price having been set at €22 million. A local accountancy firm, Studio Trombone, is advising Kern, and is drawing up a plan to relaunch La Perla, tapping its Bologna factory's lingerie expertise. Il Messaggero has reported that, although some competitors submitted higher bids for La Perla, Kern prevailed because he pledged that manufacturing and product development will remain in Bologna. Kern will assume the role of president of La Perla, while Paolo Vannucchi will be back at the helm as CEO. A few years ago, he had led the label during the final months of Silvio Scaglia's ownership, and the transition to subsequent owner Lars Windhorst.
Fashion Network
10-06-2025
- Business
- Fashion Network
La Perla acquired by US billionaire Peter Kern
The new owner of Italian luxury lingerie label La Perla is US billionaire Peter Kern, the former vice-president and CEO of Expedia. The news was reported by Italian daily Il Messaggero, citing sources from Italy's Ministry of Business and Made-in-Italy (MIMIT). The news has been confirmed by other sources close to the matter. Kern lives in Italy with his wife Kirsten, and is nicknamed 'Mr Brunello di Montalcino' for his investments in the wine industry. He has acquired the rights to La Perla's brand name and the label's Bologna production site. The former was the property of UK-based company La Perla Global Management UK, which is being wound up by the court in Italy and went into administration in Britain, while the factory was owned by Bologna-based company La Perla Manufacturing, also in administration. MIMIT Minister Adolfo Urso will give the unions details of the operation, which will save 210 jobs, while a turnaround plan involving 40 new hires has been drawn up. According to Il Messaggero, it was Kirsten who encouraged her husband to buy La Perla. Kern is said to have paid approximately €25 million for the production site, the minimum price having been set at €22 million. A local accountancy firm, Studio Trombone, is advising Kern, and is drawing up a plan to relaunch La Perla, tapping its Bologna factory's lingerie expertise. Il Messaggero has reported that, although some competitors submitted higher bids for La Perla, Kern prevailed because he pledged that manufacturing and product development will remain in Bologna. Kern will assume the role of president of La Perla, while Paolo Vannucchi will be back at the helm as CEO. A few years ago, he had led the label during the final months of Silvio Scaglia's ownership, and the transition to subsequent owner Lars Windhorst.
Fashion Network
10-06-2025
- Business
- Fashion Network
La Perla acquired by US billionaire Peter Kern
The new owner of Italian luxury lingerie label La Perla is US billionaire Peter Kern, the former vice-president and CEO of Expedia. The news was reported by Italian daily Il Messaggero, citing sources from Italy's Ministry of Business and Made-in-Italy (MIMIT). The news has been confirmed by other sources close to the matter. Kern lives in Italy with his wife Kirsten, and is nicknamed 'Mr Brunello di Montalcino' for his investments in the wine industry. He has acquired the rights to La Perla's brand name and the label's Bologna production site. The former was the property of UK-based company La Perla Global Management UK, which is being wound up by the court in Italy and went into administration in Britain, while the factory was owned by Bologna-based company La Perla Manufacturing, also in administration. MIMIT Minister Adolfo Urso will give the unions details of the operation, which will save 210 jobs, while a turnaround plan involving 40 new hires has been drawn up. According to Il Messaggero, it was Kirsten who encouraged her husband to buy La Perla. Kern is said to have paid approximately €25 million for the production site, the minimum price having been set at €22 million. A local accountancy firm, Studio Trombone, is advising Kern, and is drawing up a plan to relaunch La Perla, tapping its Bologna factory's lingerie expertise. Il Messaggero has reported that, although some competitors submitted higher bids for La Perla, Kern prevailed because he pledged that manufacturing and product development will remain in Bologna. Kern will assume the role of president of La Perla, while Paolo Vannucchi will be back at the helm as CEO. A few years ago, he had led the label during the final months of Silvio Scaglia's ownership, and the transition to subsequent owner Lars Windhorst.
Fashion Network
10-06-2025
- Business
- Fashion Network
La Perla acquired by US billionaire Peter Kern
The new owner of Italian luxury lingerie label La Perla is US billionaire Peter Kern, the former vice-president and CEO of Expedia. The news was reported by Italian daily Il Messaggero, citing sources from Italy's Ministry of Business and Made-in-Italy (MIMIT). The news has been confirmed by other sources close to the matter. Kern lives in Italy with his wife Kirsten, and is nicknamed 'Mr Brunello di Montalcino' for his investments in the wine industry. He has acquired the rights to La Perla's brand name and the label's Bologna production site. The former was the property of UK-based company La Perla Global Management UK, which is being wound up by the court in Italy and went into administration in Britain, while the factory was owned by Bologna-based company La Perla Manufacturing, also in administration. MIMIT Minister Adolfo Urso will give the unions details of the operation, which will save 210 jobs, while a turnaround plan involving 40 new hires has been drawn up. According to Il Messaggero, it was Kirsten who encouraged her husband to buy La Perla. Kern is said to have paid approximately €25 million for the production site, the minimum price having been set at €22 million. A local accountancy firm, Studio Trombone, is advising Kern, and is drawing up a plan to relaunch La Perla, tapping its Bologna factory's lingerie expertise. Il Messaggero has reported that, although some competitors submitted higher bids for La Perla, Kern prevailed because he pledged that manufacturing and product development will remain in Bologna. Kern will assume the role of president of La Perla, while Paolo Vannucchi will be back at the helm as CEO. A few years ago, he had led the label during the final months of Silvio Scaglia's ownership, and the transition to subsequent owner Lars Windhorst.
Fashion Network
28-05-2025
- Business
- Fashion Network
Italian Minister says La Perla has been rescued
Adolfo Urso, Italy's Minister of Business and Made-in-Italy (MIMIT), speaking during the negotiations for the survival of Italian lingerie label La Perla that are being held in Bologna, at the label's Via Mattei factory, has reportedly said: 'La Perla has been rescued. This icon of made-in-Italy style will be relaunched by an investor that will guarantee the continuity of the label, its production site and all jobs.' 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.'
