Overview

• Chiara Ferragni has acquired a 99% ownership stake in Fenice Srl, the company managing her brand, through a self-financed €6.43 million recapitalization.
• The investment addresses approximately €10 million in cumulative losses caused by the fallout from the 'pandoro gate' scandal, which severely impacted revenues in 2024.
• Former major shareholders Paolo Barletta and Pasquale Morgese saw their stakes diluted, with Morgese retaining a 0.2% share that could enable legal challenges.
• Veteran turnaround manager Claudio Calabi leads Fenice Srl, overseeing cost-cutting measures, including staff reductions and office relocations to Ferragni's Sisterhood holding company.
• Ferragni faces an ongoing fraud trial related to allegations from the 'pandoro gate' scandal, with proceedings scheduled to begin on September 23, 2025.