By
Ansa
Translated by
Nicola Mira
Published
May 5, 2016
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Braccialini decides on €10 million share capital increase

By
Ansa
Translated by
Nicola Mira
Published
May 5, 2016

On 4th May, the Braccialini shareholders' general meeting decided to authorise the board of directors to issue a share capital increase of up to €10 million. According to a communiqué by the Florentine leather goods manufacturer, the board will determine how to carry out the operation.

A Braccialini store


The share capital increase is instrumental for Braccialini's relaunch. 170 Braccialini employees have been temporarily laid off (on a rotating basis) and are drawing on the wage guarantee fund. The workers went on strike on 4th May, actually asking for the company's recapitalisation.

 

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