Valentino unit put under court administration in Italy over labour exploitation
MILAN, May 15 (Reuters) - An Italian court on Thursday placed under judicial administration a company owned by fashion group Valentino for subcontracting its production to Chinese-owned firms that exploited workers.
The court in Milan ordered a one-year administration for Valentino Bags Lab Srl, which makes Valentino-branded handbags and travel articles, according to the 30-page ruling seen by Reuters.
The administration will be lifted earlier if the company brings its practices into line with legal requirements.
The court said Valentino Bags Lab "culpably failed" to adequately oversee its suppliers in order to pursue higher profits.
Valentino could not immediately be reached for comment.
French fashion group Kering (PRTP.PA), opens new tab bought a 30% stake of the Italian brand in 2023 from Qatari investment fund Mayhoola, with an option to purchase the whole of its share capital by 2028.
Valentino Bags Lab is the fourth fashion company to be targeted by the same Milan court over similar labour issues since December 2023, following an Italian unit of French luxury giant LVMH's (LVMH.PA), opens new tab Dior, Italy's Armani, and Alviero Martini, an Italian handbag company.
The Milan court lifted the judicial administration it placed on these three companies before the end of the one-year deadline imposed on them.
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Scottish Sun
2 hours ago
- Scottish Sun
Terrifying message sent by ‘Chinese hackers' to M&S boss after crippling cyber attack on British retailer is revealed
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Fashion United
3 hours ago
- Fashion United
Brazil's footwear sector boosts investment to enhance productivity
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This saves our human journalists time they can spend doing research and writing original articles. Articles translated with the help of AI are checked and edited by a human desk editor prior to going online. If you have questions or comments about this process email us at info@
Scottish Sun
3 hours ago
- Scottish Sun
Ange Postecoglou SACKED by Tottenham despite finally ending Spurs' 17-year trophy drought with Europa League triumph
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