Zeis Excelsa asks for creditors protection. Still owns a minorty in Dirk Bikkembergs brand

Zeis Excelsa, the Italian company owner of well know shoes brands such as  Dirk Bikkembergs, Cult, Docksteps and Virtus,  was admitted by the Fermo Court to a reserve preventive bankruptcy arrangement procedure which implieas protection from creditors and was allowed time till next August 6th to prepare an arrangement proposal in order to reach either a definitive bankruptcy settlement or a debt restructuring agreement (see here the Court's decree). The company is now controlled by the Pizzuti family and used to be partly owned by the Fondo Italiano d'Investimento (FII)  together with other Italian SMEs that were sold by the FII to the US asset manager Neuberger Berman  and then, for a minority stake, to the Milan- listed veich