High-end Italian leather upholstery manufacturer Chateau d’Ax Italia has reportedly filed a pre-bankruptcy agreement as it seeks to improve logistics and production.
The 70-year-old company Italian company is looking for agreements with creditors as it reorganises.
Director of Operations at the company’s North American site, Joseph Filloy has iterated that the U.S. entity is and has been financially independent of its Italian parent company for years.
According to Italian news reports, Chateau d’Ax Italia intends to continue in business, and that its filing with the court represents an attempt to relaunch and strengthen rather than to liquidate the business
