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71 new news items in the last 24 hours
18 February 21:02

An Italian court has ended the special administration of the Armani subsidiary, imposed because of the labor practices of its subcontractors in China.

Ana-Maria Tapescu
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International
Foto: pexels.com

Giorgio Armani Operations was placed in receivership for a year in April after an investigation found it had subcontracted work in Italy to Chinese-owned companies that exploited workers. The court said the company had adopted the necessary organizational model and supplier control procedures, quickly resolving relationships with "at-risk suppliers."

Sources

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Un tribunal italian ridică controlul asupra companiei Armani din cauza practicilor de muncă
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Hot News
Casa de modă Giorgio Armani scapă de administrarea specială care i-a pătat reputația - HotNews.ro

ȘTIRI PE ACELEAȘI SUBIECTE

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International
Giuseppe Marsocci, the deputy general director of the Armani Group, will take over the leadership of the fashion house after the death of Giorgio Armani, according to sources.
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Arts & Lifestyle
Lorenzo Bertelli, the heir of Prada, stated that the group is open to new acquisitions, including a possible interest in Armani, but the priority remains the integration of Versace.
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International
The European Commission imposed fines of over 157 million euros on major fashion houses Gucci, Chloé, and Loewe for anti-competitive practices.
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International
The Italian government will impose a tax on postal packages under 150 euros from outside the EU, in order to protect the fashion industry from cheap imports.
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International
Prada has completed the acquisition of Versace from Capri Holdings for 1.3 billion euros, and Donatella Versace has stepped down from her role as creative director.
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International
Italian authorities have seized Campari assets worth 1.3 billion euros, held by the Luxembourg holding Lagfin, accused of tax fraud.
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Giorgio Armani special administration labor practices Italy

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