Italy's top men's tailor Brioni cutting jobs amid slowing demand
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Paris
BRIONI, the Italian maker of US$7,525 wool and silk suits that are favoured by the likes of US Republican presidential candidate Donald Trump, is cutting jobs to adapt to slowing demand, another sign of distress from the beleaguered luxury industry.
"Production capacity needs to be adapted to the current market needs," Brioni's Paris-based parent Kering SA said in a statement, without disclosing the scale of the job cuts, which unions have said may total 400. The goal "is to rebalance Brioni's business perspectives and in the long term preserve jobs and local production".
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