The court in Bologna that is handling the insolvency of Bruno Magli has given its owners additional time until the month of November to present a new business plan that will have to be endorsed by its creditors. Meanwhile, Bruno Magli's showroom in Milan has been closed and most of the company's employees have been place on temporary layoffs. Denying a rumor that a U.S. distributor was going to buy the trademark rights, an official of the company says that Da Vinci Invest, the Swiss company that bought Bruno Magli a few months ago, is committed to pursue its activities without any interruptions, injecting new capital if needed for its reorganization.

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