The BORSALINO BROTHERHOOD

65 Classic said:

I found this one on ebay. Waiting for its arrival in the meantime here are some previews...
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I'll add more pics once it arrives.

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Daniele Tanto said:

From "Il sole 24" the most authoritative Italian economic newspaper. The news was published yesterday

"This morning the bankruptcy sentence for the Borsalino di Spinetta Marengo arrived. The decision of the Court was expected for months by the 135 employees, the trade unions and the entire territory of Alessandria after the stop to the preventive arrangement procedure a year ago and the reopening of the process with a new industrial plan presented by Philippe Camperio's Haeres Equita , holder of a company leasing contract for the Alessandria company. Borsalino's board of directors, after the crack linked to the events of the Marenco financier two and a half years ago, had asked the Court of Alessandria for a prior arrangement for the company.

In recent months the activity of the plant near Alessandria has continued regularly, volumes have grown with a forecast of turnover for this year exceeding 17 million euros. But the fate of this productive reality remained pending, awaiting the decision of the judge.
For the second time, the Court rejected the request for an agreement for Borsalino: last December, in fact, the negative opinion of the section and the reconfiguration of the process with a new business plan presented last spring, today came the second ruling that clears the road to the arrangement procedure and defines the bankruptcy for the company that boasts 160 years of history and a brand known all over the world. At this point a phase of profound uncertainty began for the Borsalino, with the trade unions - which are currently meeting with the company employees - who called for an urgent meeting of the two bankruptcy curators, Stefano Ambrosini and Paola Barisone. The bankruptcy sentence may not automatically interrupt the company lease contract, even if a tender phase could open at the same time as the contract was granted.

"We have made a garrison and an assembly with the workers, there is great concern for their future, although in this company you work normally and daily", summarizes Maria Iennaco who follows the story for the CGIL. "We asked the two curators appointed by the procedure to meet urgently and we heard Camperio's consultant, who will meet on Thursday, especially to define the position on the continuation of the lease." One thing is certain: workers' representatives and local institutions ask that the court's decision does not have a negative impact on the company's production continuity. "The company must not stop, the whole territory must make sure that the brand remains linked to the Spinetta Marengo factory" adds Iennaco.

The Borsalino brand was taken over by Philippe Camperio last summer directly from Mediocredito, Intesa Sanpaolo Group, a company initially included in the list of creditors"

Everyone can draw their own conclusions.
I will keep you informed

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steur said:

It was a sad day this monday for the brotherhood. Borsalino was declared bankrupt:

https://www.ctvnews.ca/lifestyle/borsalino-italy-s-hatmaker-to-the-stars-declared-bankrupt-1.3726374

Or this one
http://www.ansa.it/english/news/lif...upt_233b8a79-9787-4b56-b191-353be2935927.html

After a 160 years of hatmaking is was bad management and the machinations of investment companies that got the company on its knees. I do hope that the production side of the business will continue for now, not only for the jobs of the workers, but also because once the knowledge is gone it will be gone forever. And while we already lamented the loss of the quality of the older borsalino hats they still produced some very fine hats indeed to this very day.

Would anyone like to say a few words?

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65 Classic said:

It finally made it from Italy to the US. I was expecting a stiff coarse felt but it is thin and incredibly soft and malleable! No damage. The size is about 6 3/8 or 6 1/2.

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Impressive piece of Borsalino history. Should come back to life nicely.

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Redfokker said:

Much to my wallet's dismay.

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mayserwegener said:

I think the worry (of the court) is the factory and the workers. It's definitely a bad / sad situation.

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mayserwegener said:

Super! Thank you for the detailed photos. My guess is that it's from about the same time period (same paper label) as my three Echter Borsalinos that are date stamped 1929 (see link below). The hand written size would be in the far lower right corner of the paper label but I can't make it out. Can you make out the word directly to the left?

http://germanaustrianhats.invisionz...c/50-borsalino-german-market/page-2#entry1198

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Daniele Tanto said:

I also think it is essential to keep the factory and the workplaces alive, also because, by dispersing the know-how and the quality of work that derives from tradition, it would be a mortal sin. A definitive blow, after the closure of the Cervo hat factory, to Italian mastery in building hats.
I am sure, however, that someone will try, taking advantage of the opportunity, to acquire the Borsalino brand. Despite the marketing policy, personal opinion, has very little attention to the traditional market and oriented to the "new" use of the hat, in Spineta Marengo they still build unparalleled hats, not all, of course.

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besdor said:

While I dont think the factory will close , the present ownership has actualy hurt the company quite a lot. Since the present CEO has taken over , the number of stores that have sold Borsalino hats in Europe and the USA have gone down especialy in the USA. The new ownership is preferring to attend to the higher end of the market that are not true hat wearers but occiaonal hat buyers who might wear a hat once in a while. The classic hat stores are not their true market anymore.

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mayserwegener said:

I wonder if Cervo will liquidate? That would something to keep an eye on.

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Sloan1874 said:

http://www.telegraph.co.uk/business/2017/12/19/indiana-jones-italian-hatmaker-borsalino-goes-bust/

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Daniele Tanto said:

COURT OF BIELLA - Bankruptcy Section
NOTICE OF SALE OF COMPANY / MOVABLE PROPERTY / PROPERTY ASSETS N. 5/2017 - JUDICIARY COMMISSIONER Dr. CRISTINA BRACCO
The Judicial Commissioner of the Concordat no. 5/2017, declared by the Court of Biella,
he announced that
the Court has ordered, pursuant to art. 163 bis of the Law, the opening of a competitive procedure, concerning the sale to the highest bidder, in a single lot or under the conditions specified in the Decree in several lots, of the business plan owned by Cappellificio Cervo Srl in liquidation, as follows:
LOTTO UNICO - Business compendium including all assets including the warehouse excluding debts and credits
minimum bid (already including the minimum increase pursuant to Article 163 bis of the Law) € 550,000
It is possible to present offers on the single lots that make up the single lot defined as follows: lot 1 - Real estate sites in Sagliano Micca (BI)
NCEU fg 20 mappale 219 sub 1 D / 1 annuity euro 7.310 - land fg 20 cadastral map 456
minimum bid (already including the minimum increase referred to in Article 163 bis of Law) € 165,000 lot 2 - machinery, plant and equipment
minimum bid (already including the minimum increase referred to in Article 163 bis of the Law) € 110,000 lot 3 - Trademarks: Cappellificio Cervo, Barbisio, Bantam, Bantam Gold
minimum bid (already inclusive of the minimum increase referred to in Article 163 bis of the Law) € 220,000 lot 4 - warehouse stocks
minimum bid (already including the minimum increase referred to in Article 163 bis of the Law) € 55,000
The offers on the individual lots will be taken into consideration only if at least one bid has been submitted for each lot, even by different subjects.
The offers, in a sealed envelope according to the modalities specified in the call for tenders, must be submitted to the Bankruptcy Registry of the Court of Biella by 11.00 am of the day 8/1/2018
Hearing established for the examination and the deliberation on the offer and / or the competition between the multiple bidders for the day 9/1/2018 at 11 am at the Court of Biella
The documentation relating to the goods for sale, the notice of sale, the offer form and the confidentiality agreement can be requested from the Judicial Commissioner Dott.ssa Cristina Bracco, with a studio in Biella (BI), Via Ravetti n. 2 / A, tel. 015 - 30479, by pec at cp5.2017biella@pecconcordati.it or info@garbacciobracco.net
These are the prices for the Cappellificio Cervo, if you are interested

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Rogera said:

Truly sad news

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65 Classic said:

It finally made it from Italy to the US. I was expecting a stiff coarse felt but it is thin and incredibly soft and malleable! No damage. The size is about 6 3/8 or 6 1/2.

View attachment 98739 View attachment 98740 View attachment 98741
View attachment 98757
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