“These kinds of acquisitions would consolidate the perimeter of our supply chain and our Made in Italy platform from the very top, and make us more competitive in luxury textiles,” chief executive officer Gildo Zegna said in an interview in Milan. The billionaire is expected to remain CEO in the interim but may eventually cede the role in the longer term, a person familiar with the matter said. Revlon attorney Paul Basta told US Bankruptcy Judge David Jones in Manhattan that the company is ready to move onto the next stage of its bankruptcy after stabilising its relationship with vendors and completing a long-term business plan. TODAY’S MUST READCatchy phrases — like quiet quitting, quiet firing and labour hoarding — to describe how people behave at work is the latest indication of the challenging climate for fashion firms and their employees. As part of our vision for the future, we …
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