A fashion company blames the weather for its financial mess
A licensee files for protection, citing external factors and a plan to shed parts of its business.
The story
A fashion licensee, Gilmar, files for restructuring in Italy, citing financial difficulties and external factors like the pandemic and energy costs.
Source: wwd.com
Our reading
A fashion company is restructuring, claiming external factors caused its financial issues, while planning to shed parts of its business. It’s like a person blaming the weather for their bad hair day, then deciding to cut their hair short and sell the rest of their wardrobe.
The company wants to keep some jobs but not others, as if it’s trying to be both a compassionate employer and a ruthless capitalist, but not sure which role to play.
It’s a delicate balance, like trying to keep a pet but not the mess, or a relationship but not the emotional labor.
