Aldo Brué has relinquished the European license for Bruno Magli, after deliveries of the last autumn/winter collection. The Italian company had obtained the license two years ago from Neuberger Berman, with the right to sell the products also in Asia. As previously reported (Shoe Intelligence Vol. 20 n°19+20 of Oct. 20, 2018), Aldo Brué filed for bankruptcy proceedings a few months ago. The three young investors who acquired the company in 2013, including the chief executive, Stefano Luzi, have formed a new company, Fastema, to take over its business and brand rights, after negotiating a settlement with the creditors. They are studying a plan to restructure the production.

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