Fashion
Swinger to make 70 staff redundant, loss of Versace orders proves decisive
Translated by
Nicola Mira
Published
December 9, 2025
There may be trouble ahead for Swinger International. The Bussolengo-based company in the Italian province of Verona, which has been producing jeans (and, for some time now, ready-to-wear) for many major fashion houses since the early 1970s, is about to make almost half of its employees redundant.
It will be a particularly bitter Christmas for the employees of the Veneto-based company which, only two weeks after signing an agreement on extraordinary furlough for eight months covering its entire workforce, on November 25 opened collective redundancy proceedings for 70 of its current 148 employees, as reported in the Economy section of the local daily L’Arena.
Swinger International’s situation has deteriorated in just a few months following, according to union sources, the loss of orders from Versace, a brand officially acquired last week by Prada, which on its own generated about 80% of the company’s turnover (Swinger produced the Versace Jeans Couture line, ed).
On the subject, Prada told FashionNetwork.com that Versace had decided to terminate its licensing relationship with Swinger as early as October 2024, when the brand decided to shut down its second line, Versace Jeans Couture, thus before the start of negotiations between Capri Holdings and the Prada Group for the acquisition of the brand.
Prada also clarified that the decision is not related to any offshoring, as claimed by some sources, but to the choice, dating back to last year, to close the Versace Jeans Couture line.
For its part, Swinger International, contacted by FashionNetwork.com, declined to comment for the time being, while indicating that the company’s owners will communicate their response to this serious situation in the coming days.
It is a real shame for a company founded in the 1970s with a small artisanal production of jeans and then apparel, which over the decades grew to secure licences from international brands (such as Roberto Cavalli, Vivienne Westwood, Missoni, and Fendi), especially in the youth fashion and ready-to-wear segments, and which managed to increase revenues from almost 100 million euros in 2020 to more than 175 million in 2023. In 2011, Swinger International acquired the Genny brand, still in its portfolio, appointing Sara Cavazza Facchini as creative director.
On Tuesday, December 9, the first trade union consultation meeting to handle the redundancies was held at the Confindustria Verona headquarters. Regulations provide for a 45-day period in which the company and workers’ representatives can reach an agreement, and a further 30 days during which the Veneto Region is expected to act as mediator, the Verona daily added, noting that negotiations have so far proved unsuccessful.
The Filctem CGIL union did not sign the agreement. Its representatives say that “their requests, which included, among other things, the inclusion of a safeguard clause regarding the effective date of the redundancies, were not accepted,” reports L’Arena. In their view, moreover, “the conditions imposed by the company are absolutely unacceptable, starting with a wholly inadequate voluntary redundancy incentive.” The union has therefore announced that it will individually assist workers who authorise it to do so.
The current difficulties reportedly began to emerge in May, when Swinger International applied for furlough for 171 employees due to a slowdown in production, but matters accelerated at the end of the summer, when 23 members of the company’s workforce had already resigned.
This article is an automatic translation.
Click here to read the original article.
Copyright © 2025 FashionNetwork.com All rights reserved.
The apparel climate story has moved out of the ESG report and into the cost sheet. In ****–****, climate risk is showing up as cotton quality loss, import dependence, energy volatility, cooling capex, carbon-price exposure and mandatory textile-waste fees. For brands and suppliers, the question is no longer whether climate action is ‘responsible’. It is whether delay will make product margins uncompetitive.
The latest data makes the shift visible. Textile Exchange says global fibre production reached *** million tonnes in **** and could hit *** million tonnes by **** if business continues as usual. Polyester alone now makes up ** per cent of global fibre output, with ** per cent still fossil-based. That scale gives apparel a low-cost material engine, but it also ties the sector to fossil energy, petrochemical volatility and future carbon accounting.
Caprolactam (CPL) prices initially held near $*.**–*.**/kg with minimal movement, while nylon chips saw uptick to ~$*.***/kg (+*.* per cent WoW) driven by short-term restocking. Nylon filament yarn (DTY **D/**F) prices remained stable at ~$*.**–*.**/kg, supported by existing inventory and steady downstream textile operations.
By the second week (April * to April **), benzene stabilised, but caprolactam began to weaken to ~$*.**–*.**/kg (−*.* per cent WoW), signalling the start of broader chain pressure. Nylon chips responded with a mild correction to ~$*.***/kg (−* per cent WoW), while filament yarn prices continued to hold steady due to inventory buffers and ongoing execution of prior textile orders. In the third week (Apr **–**), caprolactam stable to ~$*.*/kg, and chips followed to ~$*.***/kg (Stable WoW).
Total registered FDI, including newly registered and adjusted capital, along with foreign investors’ contributions and share purchases, reached $18.24 billion as of April 27, up 32 per cent year on year (YoY), according to the Ministry of Finance’s National Statistics Office (NSO).
Vietnam attracted $18.24 billion in FDI in January–April 2026, up 32 per cent, driven by manufacturing and processing.
Realised FDI hit a five-year high, signalling continued capacity expansion.
Trade surged to $344.17 billion, supported by strong US demand and rising imports from Asia, highlighting deeper global supply chain integration and export momentum.
A total of 1,249 new projects were licensed with combined registered capital of $12.15 billion, reflecting a 3.7 per cent annual increase in project numbers and a 2.2-fold rise in value. Manufacturing and processing dominated, attracting $8.12 billion, or 66.8 per cent of total newly registered capital.
Realised FDI in the January–April period was estimated at $7.40 billion, up 9.8 per cent YoY and marking the highest level for the period in the past five years. Of this, the manufacturing and processing sector disbursed $6.12 billion, accounting for 82.7 per cent. Meanwhile, 316 existing projects registered additional capital of $3.13 billion, representing a sharp 51 per cent decline compared to the same period last year. Combining newly registered and adjusted capital, total FDI into manufacturing and processing reached $10.49 billion, or 68.6 per cent of the total.
Foreign investors carried out 976 capital contribution and share purchase transactions worth $2.96 billion, up 61.9 per cent YoY. Among these, 325 deals increased enterprises’ charter capital by $445.13 million, while 651 share acquisitions without capital increases totalled $2.51 billion. Wholesale and retail trade led these investments, capturing $1.89 billion, or 63.9 per cent.
Among 53 countries and territories with newly licensed projects, Singapore was the largest investor with $6.05 billion, accounting for 49.8 per cent of the total. It was followed by the Republic of Korea with $4.08 billion (33.6 per cent), China with $524.1 million (4.3 per cent), Japan with $462 million (3.8 per cent), Hong Kong (China) with $329.2 million (2.7 per cent), and the Netherlands with $318.5 million (2.6 per cent).
On the trade front, Vietnam’s total trade with the rest of the world was estimated at $344.17 billion in the first four months of 2026, a significant increase from $277.21 billion in the same period last year, the NSO said. In April alone, trade volume reached an estimated $94.32 billion, rising 8 per cent from March and 26.7 per cent YoY.
The United States remained the largest importer of Vietnamese goods, with imports valued at $53.9 billion, while China continued as the top supplier with $69 billion. Imports from traditional markets also surged, with South Korea and ASEAN recording growth rates of 57.8 per cent and 44.3 per cent, respectively.
Fibre2Fashion News Desk (MS)
AS-level Business Studies paper allegedly leaked online
Italy’s Meloni warns over AI deepfakes after false photos circulate
Oprah’s Book Club: Author Douglas Stuart reads “John of John” excerpt
-
Tech1 week agoA Brain Implant for Depression Is About to Be Tested in Humans
-
Sports1 week agoPro wrestling star Steph De Lander reveals how colleague’s advice helped lead her to title triumph at ACW
-
Tech1 week agoAlmost 90% of women leave tech industry within 10 years | Computer Weekly
-
Business1 week ago‘I had £20,000 stolen and had to fight a 13-month fraud reporting rule to get it back’
-
Entertainment1 week agoNorway joins Type 26 Frigate Programme to boost NATO naval power
-
Entertainment1 week agoMelania Trump says ABC should ‘take a stand’ on late-night host Kimmel
-
Tech1 week agoThis Ambitious Laptop Doesn’t Leave Much Room for Your Hands
-
Business6 days agoPSX plunges over 4,800 points | The Express Tribune