Bally is closing one of its production facilities in Italy
Swiss luxury shoe and bag brand Bally is in deep crisis. A month ago, it announced a restructuring at the brand's headquarters in Switzerland and the dismissal of 65 employees. Today, the Swiss brand announced its intention to close the Bally Studio branch in Florence, Italy, writes la Conceria.
Brand owner, American investment fund Regent LP, is going to close Bally Studio, a company in Lastra a Signa (Florence) that creates prototypes of the brand's products and launches them into production. It coordinates the production of clothes, bags and small leather goods for the Swiss brand. The company employs 55 people.
“We are faced with the first brand that, in the face of the crisis in the leather goods sector, has decided to disappear, leaving 55 people without any security,” write the unions, who are challenging the decision and the way in which it was taken (source La Nazione).
In addition, at the end of November, news came of another closure, decided upon by the owners of Bally: on January 15, the Bally Foundation in Switzerland, founded in 2006 and designed to maintain contact with the creative community outside of fashion, organizing collaborations, exhibitions with artists and creative associations, will cease its activities.
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