Moreschi could once again produce in Vigevano, but not in its old location. New details are emerging about the 1.8 million euro bid that has been submitted to take over the brand and stock (raw materials and finished products). An offer that gives the whole town hope.
A South African lender for Moreschi
The proposal to buy Moreschi came from an Italian company that is in the business of marketing footwear and that would, it seems, now also like to produce it. Behind the operation there allegedly is a South African financier. The bid was placed via public auction, which will remain open until March 30, 2025. The €1.738 million proposal values the Moreschi brand at €600,000. The remainder consists of the valuation of material (leather, in particular), footwear (including the approximately 2,000 pairs seized in November 2024), the rent of the store on Via Manzoni in Milan, and the machinery and furnishings of the factory, Informatore Vigevanese reports. The minimum valuation for the Moreschi brand, which was presented by bankruptcy trustees, amounted to 2.2 million euro. The amount then collapsed due to the brand's inactivity on the market.
Return to Vigevano
The hopeful element is that the receiver Paolo Gorgoni, in his presentation of the offer to the Court of Pavia, writes how "during the technical due diligence, the exponents (of the bidding party) expressed (verbally) their intention to restart industrial production at a different site in the Vigevano area". The initial production would be too small to be carried out inside the large industrial building, abandoned since last summer. The owner, company Cotto Srl of Milan, is allegeldy looking for companies interested in occupying it.
Images from Moreschi
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