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Italian hat maker Borsalino faces liquidation after court decision – Reuters

MILAN (Reuters) – One of the worlds most famous hat makers, Borsalino, whose stylish fedoras and straw panamas are popular with movie stars and celebrities, faces liquidation after a rescue plan was rejected by an Italian court on Monday.

A judge in the northern town of Alessandria, where the luxury hat maker was founded 160 years ago, refused a request for court protection from creditors, who are owed some 18 million euros ($21 million), a local trade union leader told Reuters.

Its dramatic if a solution is not found. Borsalino is part of Italian history, and its a big name abroad too, Franco Armosino said.

Borsalino, whose hats have been worn by celebrities such as Humphrey Bogart in Casablanca and singer Rihanna, ran into financial …

Read the full article at: https://uk.reuters.com/article/uk-italy-borsalino-court/italian-hat-maker-borsalino-faces-liquidation-after-court-decision-idUKKBN1EC2IV

Category: LiquidationBy Insolvency GuardianDecember 18, 2017

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Italian hat maker Borsalino faces liquidation after court decision – Reuters

MILAN, Dec 18 (Reuters) – One of the worlds most famous hat makers, Borsalino, whose stylish fedoras and straw panamas are popular with movie stars and celebrities, faces liquidation after a rescue plan was rejected by an Italian court on Monday.

A judge in the northern town of Alessandria, where the luxury hat maker was founded 160 years ago, refused a request for court protection from creditors, who are owed some 18 million euros ($21 million), a local trade union leader told Reuters.

Its dramatic if a solution is not found. Borsalino is part of Italian history, and its a big name abroad too, Franco Armosino said.

Borsalino, whose hats have been worn by celebrities such as Humphrey Bogart in Casablanca and singer Rihanna, ran into fina…

Read the full article at: https://www.reuters.com/article/italy-borsalino-court/italian-hat-maker-borsalino-faces-liquidation-after-court-decision-idUSL8N1OI396

Category: LiquidationBy Insolvency GuardianDecember 18, 2017

Post navigation

PreviousPrevious post:Sears Canada demise named Canadian Press business story of 2017 – CBC.caNextNext post:Bankrupt Cancer Clinic Chain’s Insurer to Cover Breach Fine – BankInfoSecurity.com

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May 10, 2025
Scottish Institute goes into liquidation
May 10, 2025
Silver Airways Nears Liquidation, But Gets Lifeline Through June
May 10, 2025
Aussie brides await delivery of gowns as luxury bridal brand enters administration – Braidwood Times
May 10, 2025
Popular surf shop liquidated – Geelong Advertiser
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