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BasicNet Plans to Relocate Woolrich Corporate Employees to Turin, Trade Unions Push Back
Yahoo Finance· 2025-12-05 18:29
MILAN — Less than a month after BasicNet acquired Woolrich from Luxembourg-based fund L-Gam in a deal that valued the storied outerwear player at 90 million euros, the new owner is facing a dispute with trade unions. The latter are claiming that the company has decided to shut corporate operations in Bologna and Milan, where Woolrich employs 109 and 30 workers, respectively, leaving them with no other option than accept a relocation to the BasicNet headquarters in Turin to avoid being laid off. More from W ...