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Furla USA Bankruptcy Leaves Simon Holding the Bag

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Furla USA will close four stores in shopping malls operated by Simon Property Group—Boston, Miami, Cypress, Tex. and on Long Island in N.Y.
Furla will close four U.S stores in shopping malls operated by Simon Property Group.
CREDIT: Diego Fedele / SOPA Images/Sipa USA via AP

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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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