Company bankruptcy totals 6,500 in last 6 months

Many historic Italian brands shuttered

Company bankruptcy totals 6,500 in last 6 months

(ANSA) – Milan, August 23 – The number of Italian companies that have closed down operations and gone bankrupt in the first half of the year has risen 5.9% to 6,500, according to a new report released on Friday by the Monza and Brianza Chamber of Commerce. The economic crisis has also taken a toll on longstanding Italian companies, with 9,000 businesses with more than 50 years of operations having shut down in the 2008-2012 period.

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