The Italian Ministry for Business (Mimit) has stated that “16 expressions of interest have been received by the set deadline, coming from the same number of industrial and financial entities in response to the notice of joint sale of the La Perla Group’s assets.” Mimit added that “given the growing interest [in La Perla], especially as the deadline approached, the liquidators have asked Mimit to authorise the extension of the deadline for the expressions of interest’s submission by a couple of weeks, in order to ensure maximum participation in the procedure.”

“Once the applications will have been assessed, the subjects that have expressed an interest will be able to access and analyse the company data and the terms of the tender bid, in compliance with the confidentiality clause, and subsequently make a binding purchase offer,” said Mimit.

The joint sale notice for the La Perla group’s assets, which include the label’s trademark and the production plant, “is indeed an unprecedented case,” underlined Mimit, saying that “for the first time, under Mimit’s direction, we have managed to harmonise different bankruptcy procedures, some of them for liquidation purposes, of which one in the UK and another in Italy, aimed at finding an industrial solution, with the goal of ensuring a response for the future of the group that will also recognise the value of the skills of the [La Perla] workers.”

Mimit Minister Adolfo Urso said that the operation is “a great success and a decisive step toward the possible rebirth of La Perla, a long-standing symbol of Italian style. Thanks to unprecedented teamwork, we are turning a crisis into a new manufacturing opportunity, broadcasting an important signal to the entire fashion industry.”