Daniele Tanto
I'll Lock Up
- Messages
- 4,247
- Location
- Verona - Italia
Hello Stefan, the previous article in English and probably written without knowing the bankruptcy procedure according to Italian law, the real situation in recent months was very confusing about the willingness of agreement between the parties, judges of bankruptcy and Camperio, for a controlled auction to overcome the rocks that are well described in the article I postedIt isn't exactly clear to me what is on auction. From the previous article I gathered it would be the production facility, inventory and the Corso Roma shop. If the brand itself is not on auction what kind of situation would that bring if another interested party would buy the factory? The factory could not produce borsalino hats, because it doesn't own the brand name and the brand could not produce the borsalino quality hats because it wouldn't own the factory. I know that has not stopped other brands putting goods on the market that have nothing to do with the original quality or know how, but still.
Or am I missing something here? What does it mean that the court seized the brand name?
Would have liked to buy the factory, but my piggy bank came up short
Bowen the translation could induce you in a mistake, maybe this is more clearThis i know..the last paragraph of Daniel’s excellent post where “the bank acquisition for 18 million Euros for the Borsalino brand...a brand put under preventive seizure by the court itself” sounds problematic at best and stinks to high heaven. Maybe i missed something but it has the feel of corruption at some level whereby the acquisition of the Brand name and manufacturing plant/equipment and staff has been made null.
"At the center of the judicial affair the acquisition from the Mediocredito bank by Camperio last summer for 18 million euros of the Borsalino brand, The brand was put under preventive seizure by the court itself to avoid the split between the brand and the production facilities"
If it is not clear ask and I will try to solve the problem.