Italy: Fashion co. Valentino "culpably failed" to oversee suppliers for higher profits, court finds, after supply chain workers, incl. migrants, subjected to rights abuse; incl. co. comment
“Valentino unit put under court administration over labour exploitation”
…An Italian court has placed a unit of fashion brand Valentino under judicial administration for a year after uncovering worker abuse inside its supply chain…
Valentino Bags Lab Srl is the fourth fashion company to be targeted by the same Milan court for similar labour issues since 2023… [read more here].
The court found that Valentino Bags Lab, which makes Valentino-branded handbags and travel articles, subcontracted production to Chinese-owned firms in Italy that exploited workers…
The Milan court found it "culpably failed" to adequately oversee its suppliers in order to pursue higher profits.
The court will now appoint an external administrator to verify the company meets all the judges' demands that it implement effective tools to control its supply chain.
Valentino said in a statement it would cooperate with the authorities to better understand what prompted the measures…
Valentino is majority-owned by Qatari investment fund Mayhoola. French fashion group Kering… bought a 30% stake in the Italian brand in 2023, with an option to purchase the entire share capital by 2028.
Kering did not respond to Reuters' requests for comment. Mayhoola could not immediately be reached for comment.
They identified 67 workers, nine of whom had no employment contract. Three were irregular immigrants…