Dissatisfied With Layoffs, The "La Perla" Collective Strike

Last week, Italy luxury underwear brand La Perla announced the launch of a restructuring plan to lay off 1/4 of the news. Since La Perla did not mention any layoffs in the announcement, the decision immediately triggered a 16 hour strike.

In July 1st, the trade union that launched strike protests said that all employees of La Perla headquarters in Bologna participated in the strike and protest, and protested the group's decision.

In July 2nd, La Perla group held a crisis meeting with the local government and discussed the reorganization of the group.

La Perla was founded in 1954 and is headquartered in Bologna, Italy. After rapid development, the brand declined gradually in 2007 due to market competition, rising production costs and poor management.

In February 2018, Holland private equity fund Sapinda acquired La Perla parent La Perla Global Management (UK) Limited 100% stake in the news. In early February of the same year, La Perla was reported to the court by the landlord because of declining performance and unable to pay high rent. (see historical report: Hongkong flagship store arrears rent 9 million 200 thousand Hong Kong dollars, Italy luxury underwear brand La Perla was brought to court by owner)

Sapinda's co-founder and CEO, German entrepreneur Lars Windhorst, was once trapped in the vortex of bankruptcy, fraud charges and civil action. Recently, he became a hot topic again because of the massive outflow of funds from Asset Management Co H2O Asset Management.

Sapinda Holding B.V. officially changed its name to Tennor Holding B.V. in May this year. Lars Windhorst became the chairman of the Advisory Board.