{"id":161555,"date":"2009-12-10T00:00:00","date_gmt":"2009-12-10T00:00:00","guid":{"rendered":""},"modified":"2009-12-10T00:00:00","modified_gmt":"2009-12-10T00:00:00","slug":"fashion-valley-has-moved-to-ticino","status":"publish","type":"post","link":"https:\/\/www.varesenews.it\/2009\/12\/fashion-valley-has-moved-to-ticino\/161555\/","title":{"rendered":"Fashion Valley has moved to Ticino"},"content":{"rendered":"<p><meta http-equiv=\"Content-Type\" content=\"text\/html; charset=utf-8\" \/><br \/>\n<meta name=\"ProgId\" content=\"Word.Document\" \/><br \/>\n<meta name=\"Generator\" content=\"Microsoft Word 11\" \/><br \/>\n<meta name=\"Originator\" content=\"Microsoft Word 11\" \/>\n<link rel=\"File-List\" href=\"file:\/\/\/C:%5CDOCUME%7E1%5CPPeggy%5CIMPOST%7E1%5CTemp%5Cmsohtml1%5C01%5Cclip_filelist.xml\" \/><!--[if gte mso 9]><xml>\n <w:WordDocument>\n  <w:View>Normal<\/w:View>\n  <w:Zoom>0<\/w:Zoom>\n  <w:HyphenationZone>14<\/w:HyphenationZone>\n  <w:PunctuationKerning\/>\n  <w:ValidateAgainstSchemas\/>\n  <w:SaveIfXMLInvalid>false<\/w:SaveIfXMLInvalid>\n  <w:IgnoreMixedContent>false<\/w:IgnoreMixedContent>\n  <w:AlwaysShowPlaceholderText>false<\/w:AlwaysShowPlaceholderText>\n  <w:Compatibility>\n   <w:BreakWrappedTables\/>\n   <w:SnapToGridInCell\/>\n   <w:WrapTextWithPunct\/>\n   <w:UseAsianBreakRules\/>\n   <w:DontGrowAutofit\/>\n  <\/w:Compatibility>\n  <w:BrowserLevel>MicrosoftInternetExplorer4<\/w:BrowserLevel>\n <\/w:WordDocument>\n<\/xml><![endif]--><!--[if gte mso 9]><xml>\n <w:LatentStyles DefLockedState=\"false\" LatentStyleCount=\"156\">\n <\/w:LatentStyles>\n<\/xml><![endif]--><\/p>\n<style type=\"text\/css\">\n<!--\n \/* Style Definitions *\/\n p.MsoNormal, li.MsoNormal, div.MsoNormal\n\t{mso-style-parent:\"\";\n\tmargin:0cm;\n\tmargin-bottom:.0001pt;\n\tmso-pagination:widow-orphan;\n\tfont-size:12.0pt;\n\tfont-family:\"Times New Roman\";\n\tmso-fareast-font-family:\"Times New Roman\";}\n@page Section1\n\t{size:612.0pt 792.0pt;\n\tmargin:70.85pt 2.0cm 2.0cm 2.0cm;\n\tmso-header-margin:36.0pt;\n\tmso-footer-margin:36.0pt;\n\tmso-paper-source:0;}\ndiv.Section1\n\t{page:Section1;}\n--><\/style>\n<p><!--[if gte mso 10]>\n\n\n<style>\n \/* Style Definitions *\/\n table.MsoNormalTable\n\t{mso-style-name:\"Tabella normale\";\n\tmso-tstyle-rowband-size:0;\n\tmso-tstyle-colband-size:0;\n\tmso-style-noshow:yes;\n\tmso-style-parent:\"\";\n\tmso-padding-alt:0cm 5.4pt 0cm 5.4pt;\n\tmso-para-margin:0cm;\n\tmso-para-margin-bottom:.0001pt;\n\tmso-pagination:widow-orphan;\n\tfont-size:10.0pt;\n\tfont-family:\"Times New Roman\";\n\tmso-ansi-language:#0400;\n\tmso-fareast-language:#0400;\n\tmso-bidi-language:#0400;}\n<\/style>\n\n\n<![endif]--><\/p>\n<p class=\"MsoNormal\"><span style=\"font-family: Arial\" lang=\"EN-GB\">The latest to move to Ticino is the Italian subsidiary of the well-known sports and technical brand <i>The North Face<\/i><span>,<\/span> who have closed down the factory in <strong>Pederobba, near Treviso<\/strong>, where 160 people were employed. These one hundred and sixty employees could not understand why they were being dismissed, given that the company was healthy, with a turnover of more than $2 billion, a slight drop (around 5 %), but with margins constant.<o:p><\/o:p><\/span><\/p>\n<p class=\"MsoNormal\"><span style=\"font-family: Arial\" lang=\"EN-GB\"><o:p><\/o:p><\/span><span style=\"font-family: Arial\" lang=\"EN-GB\">And it was not the crisis that led to the closing down in Veneto: the parent company, the American <strong><i>VF Corporation<\/i><\/strong>, is moving all of its subsidiary offices to Lugano in Switzerland, and has made a drastic offer to all of the employees in Veneto: &ldquo;The VF Corporation will offer real jobs to employees that are willing to move to Lugano soon.&rdquo; This is what was written in the letter to the trade unions.<o:p><\/o:p><\/span><\/p>\n<p class=\"MsoNormal\"><span style=\"font-family: Arial\" lang=\"EN-GB\"><o:p><\/o:p><\/span><span style=\"font-family: Arial\" lang=\"EN-GB\">However, this is neither the first nor the most important textile company that has chosen Ticino, over the last few years: the <strong>Ermenegildo Zegna <\/strong>Group (in the photo, the office in Stabio), <strong>Gucci, Armani and Hugo Boss<\/strong> have already &ldquo;bought houses&rdquo; in the area. The factories in Ticino make high quality products, with innovative fabrics; there are over 40 factories, employing around 2500 people. Zegna alone employs about a thousand people in its Stabio factory, which was converted from an old local shirt factory.<o:p><\/o:p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The latest brand to move there is The North Face, who made a shock announcement a few days ago. However, there are already many international brands in Ticino; for example, Ermenegildo Zegna in Stabio.<\/p>\n","protected":false},"author":10,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[44],"tags":[73935],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Fashion Valley has moved to Ticino<\/title>\n<meta name=\"description\" content=\"The latest brand to move there is The North Face, who made a shock announcement a few days ago. 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