Italian luxury accessories brand Furla is negotiating a debt restructuring plan as it faces significant financial challenges, including a debt load of 154 million euros ($169.4 million) and recent losses of 27 million euros ($29.7 million). This follows the company’s American division filing for Chapter 11 bankruptcy in 2020. Despite a 2022 revenue of 186 million euros ($204.6 million), Furla struggles to compete amid fierce market pressures from both high-end and fast-fashion brands. The appointment of Giorgio Presca as CEO in September 2022 aims to guide Furla through these difficulties. The outcome of the debt talks will be closely observed, potentially influencing the broader luxury sector and highlighting the challenges for mid-tier brands amid increasing industry consolidation and competition.