<\/p>\n
\n\tMILAN \u2014 Valentino said Tuesday it has welcomed the \u201cearly conclusion\u201d of the judicial administration imposed since May 2025 on its subsidiary Valentino Bags Lab Srl for its alleged negligence in properly auditing its supply chain partners.<\/p>\n
\n\tThe measure was originally supposed to be lifted after 12 months, next May.<\/p>\n
\n\tValentino said in a statement the decision to revoke the judicial administration was taken because the subsidiary \u2014 a unit of the fashion company dedicated to the manufacturing of leather goods and accessories \u2014 \u201censured full cooperation with the court-appointed judicial administrator, actively contributing to a constructive dialogue that accelerated and strengthened an improvement process already initiated in previous years.\u201d<\/p>\n
\n\tMilan judges Orsola De Cristofaro, Maria Rispoli and Lucia Spagnuolo Vigorita lifted the measure, touting Valentino Bags Lab\u2019s full cooperation and compliance with court-mandated procedures to enhance its auditing system and cut ties with unsuitable subcontractors.<\/p>\n
\n\t\u201cThe company seized the opportunity to strengthen its internal control systems as well as establish a new management and organizational model aimed at promoting transparency and compliance with the law,\u201d the ruling reads.<\/p>\n
\n\t\u201cThis cooperation is part of Valentino\u2019s broader commitment to transparency, supply chain integrity and respect for workers and consumers,\u201d the Roman couture house said. \u201cThe work carried out \u2014 through strengthened governance safeguards and a more targeted supplier?qualification process \u2014 has further enhanced internal systems for supply chain control and monitoring, consolidating standards already in evolution. The conclusion of the measure allows Valentino Bags Lab Srl to fully resume the functioning of its corporate oversight bodies, within an ordinary governance framework, while benefiting from the progress achieved,\u201d it said.<\/p>\n
\n\tValentino has been the majority shareholder in Valentino Bags Lab Srl since 2014 when it acquired a 51 percent stake in manufacturer Pelletterie Sant\u2019Agostino and renamed it. The latter\u2019s former owners retained a 49 percent stake in the company.<\/p>\n
\n\tLast year, Milan prosecutor Paolo Storari launched an investigation into alleged worker exploitation and sweatshop schemes at Valentino Bags Lab\u2019s subcontractors. Prosecutors also argued that the Valentino manufacturing subsidiary was negligent in properly auditing its supply chain partners and requested the judicial administration procedure to correct and enhance audits and oversight through court-mandated procedures.<\/p>\n
\t\t\t\t\tBackstage at the Valentino fall 2026.<\/p>\n
\t\t\t\t\t\t\t\t\tGiovanni Giannoni\/WWD<\/p>\n
\n\tOver the past two years supply chain scandals have rocked the luxury fashion industry in Italy, shaking both its reputation and business practices.<\/p>\n
\n\tInvestigations by a Milan court that uncovered ties of luxury brands such as Tod\u2019s, Loro Piana, Dior and Giorgio Armani, among others, to subcontractors allegedly involved in sweatshop schemes have raised concerns about the industry\u2019s ability to manage its supply chains effectively.<\/p>\n
\n\tLike Valentino, all the above brands have been put under judicial administration to correct and enhance audits and oversight through court-mandated procedures, with the exception of Tod\u2019s, which obtained that the judicial administration procedure be handled by an Ancona, Italy, court, which has yet to rule.<\/p>\n
\n\tSimultaneously, the maker of Gommino loafers and three of its managers are being investigated by prosecutors over suspected labor abuses and accused of allegedly ignoring the findings of inspections by local authorities into the company\u2019s subcontractors.<\/p>\n
\n\tDior\u2019s and Giorgio Armani\u2019s probes have been fully resolved, and the judicial oversight has been lifted, as is Valentino\u2019s per Tuesday\u2019s ruling.<\/p>\n
\n\tLast month Paul & Shark and Aspesi were also investigated for alleged negligence in auditing their suppliers, with prosecutors requesting they be placed under judicial administration. However, a Milan judge ruled against the prosecutors\u2019 move, arguing that the legal grounds for the requested measure were not met as there is no proof that Paul & Shark\u2019s chief executive officer Andrea Dini and Aspesi\u2019s board member Francesco Umile Chiappetta acted \u201cin concert\u201d in committing the offense.<\/p>\n
\n\tMeanwhile, last fall some 13 fashion companies fell under the scrutiny of the same Milan prosecutors and were asked to provide documents on governance and supply chain audits for preliminary probes.<\/p>\n
\n\tThe names involved included Prada, Versace, Gucci, Dolce & Gabbana, Ferragamo, Missoni, Givenchy Italia, Yves Saint Laurent Manifatture, Alexander McQueen Italia, Adidas Italy, Off-White Operating, Coccinelle and Pinko. None of these have been put under judicial administration.<\/p>\n
#Valentino #Subsidiary #Cleared #Judicial #Administration #Labor #Abuse<\/p>\n","protected":false},"excerpt":{"rendered":"
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