Time to Pull a Rabbit out of the Hat

According to Reuters, Borsalino, the famous hat maker especially popular in the frum black hat community, is facing liquidation. The courts have rejected a plan to save the company so a new plan must be devised or their doors will shut.
A new generation of black hat wearers might soon be raised without ever knowing Borsalino. I guess it is not so bad - today's generation of hat wearers do not know the Stetson (with the feather) of my bar mitzva and high school years and seem to survive just fine.
Speaking of Borsalino, I remember reading in one of the frum magazines the story of how Borsalino was founded and it had something to do with the blessing of the Pope and a promise to donate a small percentage of profits to the Vatican that continues to be paid to this day... if one of the readers can point me in the direction of this story and a source for it, if true, that would be wonderful. If true, perhaps it is not the worst thing in the world for Borsalino to close its doors.
Will they pull a rabbit out of one of their hats and find a savior for the company?
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