Italian Court Accepts Corneliani’s Composition With Creditors Request

A Mantua, Italy, court has accepted Corneliani’s request for a composition with creditors, which is seen as “a fundamental step in the turnaround and relaunch” of the storied men’s wear firm, the company said Tuesday. Chief executive officer Giorgio Brandazza said the restructuring plan presented by Corneliani and supported by

Brioni Reveals New Industrial Plan, Job Cuts

MILAN — Only a week ago, Brioni unveiled a capsule collection designed in collaboration with Brad Pitt, but much less glitzy news was made public on Tuesday. Reflecting the struggles faced by the formal men’s wear segment, accelerated by the impact of the COVID-19 pandemic, Brioni presented an industrial plan