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 celebrities such as Humphrey Bogart in Casablanca and singer Rihanna, ran into financial …
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