By  on June 25, 2018

MILAN — The future of hat maker Borsalino lies in the public auction that has been scheduled for July 12. To be held at the court of Alessandria, the Italian city where the company is based, the auction’s deadline has been set for 4 p.m. The binding offers for the insolvent company will start from a minimum amount of 6.4 million euros.

Private equity group Haeres Equita, which in 2016 took control of the luxury firm and last July acquired the right to use the Borsalino label from bank Mediocredito for a sum of 18 million euros, will bid more than 7.8 million euros, WWD has learned.

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