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Furla USA Bankruptcy Leaves Simon Holding the Bag

Rivet's 2020 Denim Circularity report takes a deep dive into how the global denim industry is plotting its circular future amidst a worldwide pandemic.

The U.S. arm of Italian luxury brand Furla SpA filed a voluntary Chapter 11 petition seeking bankruptcy court protection Friday. According to court papers filed by Furla (U.S.A.) Inc.’s CEO Elena Moncigoli, the Covid-19 pandemic greatly impacted sales in 2020 and weighed on the decision to file for bankruptcy court protection. The brand’s Italian parent,…

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