LA PERLA

Year:
2012 

Type of intervention:
Operational debt restructuring

The company: Established in Bologna in 1954 as a corsetry company, La Perla is nowadays a successful global brand for the production of luxury underwear and lingerie. Over the years, La Perla has entered the sectors of bathing suits, sleep wear, shoes and bags and prêt-à-porter.

Why
we
intervened

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We supported the company management in the restructuring process of the operational debt (non-financial). The task concerned numerous negotiations with all the principal suppliers of the company, in order to be able to reach best supply conditions and financial delays.

How
we
intervened

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– Check and cross-examination of the main debt positions of suppliers;
– Assistance to the negotiations with suppliers, both in person and on the phone;
– Definition of settlement agreements.

The outcome

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The operation was successful. The company had a net financial benefit of over 5 million Euro. We carried on tough negotiations with over 100 suppliers and encountered many difficulties in the relationships, due to the luck of trust born with La Perla management team.