By Giulia Segreti
MILAN (Reuters) One of the worlds most famous hat makers, Borsalino, whose stylish fedoras and straw panamas are popular with movie stars and celebrities, faces liquidation after a rescue plan was rejected by an Italian court on Monday.
A judge in the northern town of Alessandria, where the luxury hat maker was founded 160 years ago, refused a request for court protection from creditors, who are owed some 18 million euros ($21 million), a local trade union leader told Reuters.
Its dramatic if a solution is not found. Borsalino is part of Italian history, and its a big name abroad too, Franco Armosino said.
Borsalino, whose hats have been worn by celebritie…
Read the full article at: http://www.euronews.com/2017/12/18/italian-hat-maker-borsalino-faces-liquidation-after-court-decision