The filing in New York only pertains to the American operations of the Italian accessories company, which sees a return to business in the U.S. with a stronger and leaner structure.
The Italian accessories company has been streamlining its distribution globally and raising its positioning.
The watch group also continues to focus on its fashion brands’ licenses with the addition of Missoni and Furla, said Paolo Marai, president and ceo of the Luxury Division.
The founder, chairman and ceo of the publicly listed Tamburi Investment Partners, or TIP SpA, believes in long-term projects and the Bourse as “the only intelligent way to grow a company,” while revealing his dream of Giorgio Armani opening up his group to an investor.
According to PwC, 90 percent of the county’s Millennial and Gen Z customers would pay a premium price to purchase ethical products.
The Italian accessories company has bought back its business in China and in Australia and invested in technology and production.
The Rome-based company was followed by Furla, Stone Island, Golden Goose and Giorgio Armani.