MILAN — Florence and Milan-based Italian union groups are shining the spotlight on the future of the Roberto Cavalli brand and its employees.
On Tuesday, Filctem Cgil and Femca Cisl lamented the fact that almost three months after the deadline set by a Milan judge to approve the so-called process of “composition with creditors,” a ruling has not yet been issued to approve the restructuring plan presented by the company.
The unions emphasized growing “worries and uncertainties over the future of the employees” of Cavalli in Milan and Florence. The approval of the court, in fact, is the necessary condition for the definitive acquisition of the company by Damac and, therefore, “to really understand the true intentions of the new owner. It is incomprehensible and therefore unacceptable that until today it has not been possible to have clarity on the company’s prospects and the fate of the 200 Cavalli employees,” said the unions in a joint statement.
The unions believe the situation is no longer “sustainable” and that, “unless there is an immediate unlocking of the situation,” they will ask for an institutional table “to avoid putting the company’s continuity and the future of the 200 families at risk.”
“We are within the timing foreseen
On Tuesday, Filctem Cgil and Femca Cisl lamented the fact that almost three months after the deadline set by a Milan judge to approve the so-called process of “composition with creditors,” a ruling has not yet been issued to approve the restructuring plan presented by the company.
The unions emphasized growing “worries and uncertainties over the future of the employees” of Cavalli in Milan and Florence. The approval of the court, in fact, is the necessary condition for the definitive acquisition of the company by Damac and, therefore, “to really understand the true intentions of the new owner. It is incomprehensible and therefore unacceptable that until today it has not been possible to have clarity on the company’s prospects and the fate of the 200 Cavalli employees,” said the unions in a joint statement.
The unions believe the situation is no longer “sustainable” and that, “unless there is an immediate unlocking of the situation,” they will ask for an institutional table “to avoid putting the company’s continuity and the future of the 200 families at risk.”
“We are within the timing foreseen