After the plan’s announcement, the lingerie label’s employees went on strike. La Perla, owned by Sapinda, a company belonging to controversial German entrepreneur Lars Windhorst, said a huge reorganisation is needed.
Sears’ unsecured creditors have filed an objection to the deal proposed by chairman Eddie Lampert to save the bankrupt retailer, claiming its failure was “precipitated by years of years of misconduct” by the executive.
The outdoor retailer’s CEO Eoin Comerford has responded to the sandstorm kicked up by the recent opening of its Premium Outdoor Store on Walmart’s e-commerce platform as a number of brands pull out of the storefront.
The Italian luxury brand achieved a turnover of 1.3 billion euros for the financial year 2016/2017, quadrupling its net profit, which soared from approximately 18 million in 2015 to 80 million a year later.