To avoid Burlington Coat Factory reallocating its headquarters out of Burlington County, the New Jersey Economic Development Authority has approved giving the Burlington Coat Factory more than $41 million in tax credits over the next 10 years. The company plans to use the credit as capital to build an 180,000-square-foot corporate headquarters on 50 acres of undeveloped land in Florence that would accommodate 626 existing jobs and an additional 120 full-time positions. In return for the tax credits, the Burlington Coat Factory will agree to keep its corporate headquarters in New Jersey for 15 years rather than move to
Versace opened its first boutique in Milan dedicated to Young Versace, the company’s kid's line, which made its debut at international children’s wear exhibition Pitti Immagine Bimbo in Florence last June. The line includes clothes and accessories for both girls and boys from infancy to age 12.