The Court of Bologna has approved a proposed composition with creditors for Bruno Magli, the struggling Italian footwear brand currently owned by Swiss independent asset management firm Da Vinci Invest AG. A spokeswoman for Bruno Magli said the court announced its decision Nov. 25 and employees are now waiting to see which investment group will acquire the brand; leading candidates are said to be the Carlyle Group and Neuberger Berman, with creditors voting on the proposals next March.

Bruno Magli, founded in Bologna in 1936, is known for its upscale artisanal men’s and women’s shoes and assorted leather accessories.

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