Gian Giacomo Ferraris joined the brand in 2016 from Versace and will leave at the end of the year.

The unions see the company’s plan to move its headquarters from Tuscany as a mass layoff strategy and a loss of resources in the territory.

The company’s strategic plan is to continue to pursue “a mainly commercial vocation” claimed to fit with a move to Milan, while the unions lament the closure of the Tuscan complex.

Unions claim the decision to move 170 employees to Milan is a strategy of “lay offs masked by a proposal of a mass transfer.”

The procedure is expected from Sept. 1, according to the unions.

The decision means 170 employees would need to move to Milan and unions view this as “an impoverishment of the Tuscan territory.”

Questions swirl over the industrial plan and the future of the Italian brand after the acquisition by Dubai-based Damac Properties.

The news comes not long after the jewelry company was acquired by LVMH in a blockbuster $16.2 billion deal.

The founder and chairman of Dubai-based Damac Properties, Hussain Sajwani, confirmed the purchase of 100 percent of the Italian fashion house through his private investment company Vision Investments.

The two Florence-based companies team up for Kenya’s reforestation.

The transfer of shares to Dubai-based Vision Investment will take place 15 days after the judge’s approval.

A judge has not yet approved the restructuring plan, necessary to finalize the sale of the company to Damac, but ceo Gian Giacomo Ferraris says he is expecting a response shortly.

The Florence-based fashion company is waiting for a Milan Court judge ruling.

The death of brick-and-mortar is definitely trending. But is it true?

A Milan judge this fall will rule on the industrial plan and agreement with creditors presented by the company, which is expected to continue to be helmed by chief executive officer Gian Giacomo Ferraris under the new owner, Vision Investment Co. controlled by Dubai-based Damac Properties Group.