La Perla and Mimì: Agreement Reached Between the Procedures for a Single Buyer for All Assets
On January 14, 2025, the Italian government announced that an agreement had been reached between the Milan and Bologna bankruptcy courts for the sale of all the assets of La Perla and Mimì, two iconic Italian lingerie brands. The agreement will allow for a single buyer to acquire both companies, ensuring their continuity and preserving the jobs of their employees.
Background
La Perla, founded in 1954, is a global luxury lingerie and beachwear brand renowned for its exquisite craftsmanship and innovative designs. Mimì, established in 1945, is an Italian lingerie and swimwear brand specializing in timeless, elegant pieces. Both companies have faced financial difficulties in recent years, leading to the initiation of bankruptcy proceedings in 2021 and 2022, respectively.
Negotiations and Agreement
Following the bankruptcy declarations, the Milan and Bologna courts appointed bankruptcy administrators to oversee the sale of the assets. After months of negotiations and due diligence, the courts reached an agreement that will allow for the sale of both La Perla and Mimì to a single buyer.
The agreement ensures that the buyer will acquire all the assets of both companies, including their brands, intellectual property, inventory, and distribution networks. The buyer will also assume responsibility for the maintenance of employment levels and will guarantee the preservation of the companies’ production facilities in Italy.
Potential Buyers
Several potential buyers have expressed interest in acquiring La Perla and Mimì, including private equity funds, investment groups, and fashion conglomerates. However, the identities of the bidders have not been officially disclosed.
Impact and Significance
The agreement reached between the courts is a significant development for La Perla and Mimì. It provides a clear path forward for the two companies and ensures their continued existence under new ownership. The sale will also preserve jobs and contribute to the preservation of Italian craftsmanship and manufacturing.
The outcome of the bidding process will be closely watched by the fashion industry and the wider business community. The successful sale of La Perla and Mimì will demonstrate the resilience of the Italian luxury sector and its ability to overcome challenges.
La Perla, Mimit: raggiunto accordo tra le procedure, un solo acquirente per tutti gli asset
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