The U.S. subsidiary of Italian luxury-goods company Furla SpA has filed for bankruptcy due to the impact of the Covid-19 pandemic on its brick-and-mortar and wholesale businesses.
Furla (USA) Inc. filed for chapter 11 protection Friday in the U.S. Bankruptcy Court in New York, planning to use the process to get rid of leases and debt, while focusing on a reorganization strategy of investing in e-commerce and wholesale.
The…
This post first appeared on wsj.com
