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La Perla news and archive

Jobs saved, factory reopened: Inside the cross-border deal that saved La Perla

Italian luxury brand La Perla is settling into its new ownership structure following a lengthy sale proceedings coordinated between UK and Italian officials, utilising a landmark cross-border insolvency protocol. With this, the lingerie brand’s joint liquidators Andrew Watling and Duncan Beat, managing directors of advisory firm Quantuma, have...

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La Perla facing the abyss: Insight into the lingerie brand's takeover and ongoing administration

La Perla, the iconic Italian luxury lingerie brand, was facing a critical period. Years of economic difficulties had undermined its foundations and although a recent business move offered a potential turning point, recovery was not guaranteed. In summary • US businessman Peter Kern acquired La Perla’s key assets, including its production plant...

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La Perla saved: Former Expedia CEO Peter Kern is the new owner

The name of the new owner who acquired the La Perla brand and production site has finally been revealed, saving 210 jobs and creating forty new positions. Peter Kern, former chief executive officer of Expedia and wine investor, purchased La Perla. The name of the new owner was revealed by the Roman newspaper, Il Messaggero, citing sources from...

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New investor found for La Perla: Production and jobs secured

The wait is over for La Perla. As the Italian Ministry of Enterprise and Made in Italy (Mimit) announced today, an industrial investor has been found for the Italian lingerie label. This investor is expected to secure production and jobs, leading the heritage brand into a new future. The new industrial player, along with the associated...

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Oniverse (formerly Calzedonia) Targets La Perla to Strengthen Brand Portfolio

The Italian group Oniverse, formerly known as Calzedonia and owner of intimate apparel brands such as Intimissimi and Falconeri, has revived its interest in acquiring La Perla, one of the world's most iconic luxury lingerie brands. According to the Italian newspaper Il Sole 24 Ore, Sandro Veronesi, the group's leader, has already initiated key...

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La Perla manufacturing arm declared insolvent

There continues to be rumblings surrounding lingerie brand La Perla. The Bologna court has declared La Perla Manufacturing Srl insolvent, several Italian media outlets have reported. This branch of the La Perla Group is responsible for manufacturing the brand. The branch is now in receivership. So it is not (yet) about the entire company behind...

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La Perla seamstresses protest in front of the European Parliament

La Perla workers are reportedly demanding new legislation in Italy that would protect them from financial speculation. As such, seamstresses of the lingerie brand were positioned in front of the European Parliament in Brussels on Wednesday, according to WWD. This is not the first time La Perla workers have protested. This time, however, they...

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La Perla understood to have paid off majority of outstanding debts

Lingerie brand La Perla was faced with a spot of trouble earlier this week when it was revealed the label was facing a series of winding-up petitions filed by creditors. Now, however, it appears that the Italian firm has settled most of its issues, reportedly having raised new funds and paid the majority of its outstanding debts in the UK. A...

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La Perla reveals new fragrances, body care products, and makeup

Italian-based lingerie brand, La Perla has revealed it will launch beauty products including a range of fragrances, body care, and makeup. The announcement follows the company’s establishment of a subsidiary dedicated to the beauty business in October 2019, called La Perla Beauty. La Perla and Revlon also ended their partnership in 2020. La...

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La Perla in talks to avoid layoffs

Things are not looking good at Italy-based lingerie brand La Perla. The company is currently in talks to permit the suspension of 126 jobs according to the Italian Ministry of Economic Development. “The company and the unions will meet again on Friday to continue discussions and agree on the next steps to quickly find a safeguarding solution,”...

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La Perla to list shares for a public offering in Paris

Luxury brand La Perla, which is known for its lingerie, nightwear, beachwear, and accessories, has announced that it will be listing its shares on the next Euronext Growth Market, which is operated by Euronext Paris. Trading for shares of the brand is set to begin on Sept. 6, 2019. According to the announcement, there will be no capital raised...

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All La Perla employees strike against job cuts

Employees of the luxury lingerie label La Perla have gone on strike in protest of the company’s potential plans to cut at least 100 roles from its headquarters in Bologna, according to Fashion Network. Currently, the label has 430 employees — this cut would affect about one quarter of the brand. At the threat of these job cuts, unions...