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Peter Kern Acquires La Perla for €25 Million, Secures Bologna Factory and 210 Jobs

He pledged to preserve made-in-Italy manufacturing in Bologna after finalizing the rescue.

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Overview

  • La Perla was declared insolvent in February 2024 and placed under government-led administration before today’s sale.
  • Kern’s €25 million bid prevailed over higher offers by guaranteeing continuity of the brand and its Bologna production site.
  • The acquisition ensures ongoing employment for 210 workers and includes plans to hire around 40 new staff.
  • Former CEO Paolo Vannucchi is set to return to lead La Perla under its new ownership.
  • Employees celebrated outside the plant as minister Adolfo Urso announced the deal at a MIMIT meeting.