Italian Cashmere Brand Malo Makes a Comeback With Sustainability Using Outstanding Craftsmanship and Increased Sustainable Investment

3月 17, 2023

Malo is a long-established Italian cashmere brand founded in 1972 by brothers Giacomo Canessa and Alfredo Canessa. After several changes in ownership and nearly 30 years of development, the company faced a bankruptcy crisis in the second decade of this century but made a comeback in 2018 through a “regeneration.”
Starting in 2017, Malo experienced a series of operational difficulties, and its factory was temporarily included in a liquidation plan by the Florence court. In 2018, the company was acquired for about 10 million euros by Italian financial company Finplace Due, l …