In October, Roberto Cavalli CEO Gian Giacomo Ferraris revealed plans was to reduce the workforce by 30 per cent. Following yesterday’s conference at the Ministry of Labour and Social Policy in Florence, an agreement has been reached to terminate a total of 50 contracts, compared with the 77 that were expected – 15 of which are voluntary.
As a part of the restructuring plans, which also saw the departure of creative director Peter Dundas, Ferraris revealed that he was planning to close company’s corporate and design offices in Milan, move all functions to its headquarters in Florence, and shut or relocate stores in underperforming areas.
Roberto Cavalli
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