Paul & Shark's, Aspesi's Judicial Administration Procedures Rejected by Judge [Yahoo! Finance]
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Source: Yahoo! Finance
SpA under judicial administration for their alleged negligence in auditing their suppliers. Judge Roberto Crepaldi ruled against the prosecutors' move, arguing that the legal grounds for the requested measure were not met as there is no proof that Paul & Shark 's chief executive officer Andrea Dini and Aspesi's board member Francesco Umile Chiappetta acted “in concert” in committing the offense. More from WWD China Remains the Dominant U.S. Shoe Supplier, But the Gap With Other Countries Is Narrowing Paul & Shark, Aspesi Placed Under Judicial Administration Over Alleged Worker Exploitation Amid Challenges, High-end Furniture Firm Natuzzi Battles With Italian Trade Unions Over 400 Jobs The development comes as part of a labor abuse case filed earlier this month by Milan prosecutors Daniela Bartolucci and Paolo Storari, who reportedly found that both companies subcontracted part of their manufacturing to Chinese-owned firms Gmax 365 Srl and M&G Confezioni Srl. Both are based
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