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Furla USA Bankruptcy Leaves Simon Holding the Bag

COVID-19 recovery is on the horizon but the pandemic's impact on sustainability, retail, product development and consumer buying patterns means the denim industry must evolve. Join Rivet on April 20th at 11 am ET for the COVID, One Year Later roundtable.

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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