The historic Italian brand Gas Jeans and the Grotto Spa have a new owner - Milano 1984 S.p.A., the company led by managing director and entrepreneur Andrea Citterio and participated by his investment holding company and Bordin Holding referable to Fortunato Bordin.
The final adjudication was issued by the Court of Vicenza, after the company had to face a series of difficulties.
With the purchase of the Grotto S.p.A. business complex, the instrumental properties, the Gas Jeans brand and its 140 employees enter the legal perimeter of Milano 1984 S.p.A., which becomes the definitive owner of these assets, effectively shielding the families from the risk of bankruptcy.
Citterio's idea is based on a structured plan to recover and relaunch the Gas brand identity, which includes a significant and timely transformation of the business model with the goals of enhancing the company's know-how and consistently developing international markets.
The relaunch of the historic brand, which will also include its launch in the American market, will be managed by Andrea Citterio alongside a series of already selected apex managers, as well as Fortunato Bordin, an Italian-Canadian entrepreneur, accompanied in his expansion project by his son Andrew Bordin, who operates through an important corporate group overseas.