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On November 6, 2020 (the "Petition Date"), Furla (U.S.A.), Inc. (the "Debtor") filed a petition to reorganize its business under Chapter 11 (Subchapter V) of the United States Bankruptcy Code, joining many other well-known brands and retailers that have chosen to restructure as a result of the ongoing COVID-19 pandemic. The bankruptcy case is pending before the Honorable Judge Shelley C. Chapman in the United States Bankruptcy Court for the Southern District of New York (the "Bankruptcy Court").

 

The decision to file was made as a part of the brand’s reorganization strategy to optimize operations in the United States. Restructuring the company’s business will allow Furla to concentrate on the core values of the brand and invest in areas of growth like e-commerce and wholesale to achieve meaningful, long-term success. The brand’s heritage, impeccable Italian craftsmanship, and core business model are strong. By staying true to the company’s values and maintaining a strong connection to its customers, Furla anticipates future growth in the Americas through a revised and modernized business model. Furla is confident that this decision will have no impact whatsoever on our very valued and loyal customers and we look forward to seeing you in our stores and online at www.furla.com.

 

Debtor

Case No. Debtor Name
20-12604 Furla (U.S.A.), Inc.

Dates

Petition Date November 06, 2020

Effective Date February 12, 2021

Final Decree December 28, 2021

Professionals

Subchapter V Trustee LINDENWOOD ASSOCIATES LLC

Office of the U.S. Trustee UNITED STATES DEPARTMENT OF JUSTICE

Debtor's Counsel MORRISON COHEN LLP

Debtor’s Financial Advisor RYNIKER CONSULTANTS LLC

Court Information

United States Bankruptcy Court

Southern District of New York

One Bowling Green

New York, NY 10004-1408