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“It was a great break. We took decisions that weren’t easy to do before,’’ said Philippe Camperio, Haeres Equita’s principal behind Borsalino’s relaunch.

By the time the Swiss-Italian private equity firm Haeres Equita was approached about investing in 2015, the company had been mismanaged and bled dry by the previous owner.

“What surprised me at the time is that Borsalino was profitable,” said Philippe Camperio, Haeres Equita’s principal.

Haeres Equity, which also owns the Fogal brand of Swiss hosiery, is looking for other investments in Italian fashion, if possible another “sleeping beauty like Borsalino,” Camperio said.

In Scotland, any property left intestate is dealt with by the National Ultimus Haeres Unit.