Overview

• Fenice Retail Srl entered liquidation after its equity turned negative following €1.21 million in losses over 2023 and 2024, partly driven by the fallout from the 'Pandoro Gate' controversy.
• Fenice Retail Srl closed its Milan and Rome stores at the end of May as part of the wind-down of its retail operations.
• Earlier this year, Ferragni subscribed to a €6.4 million capital increase in Fenice Srl to consolidate her majority stake in the holding company.
• Minority shareholder Pasquale Morgese challenged the lack of financial disclosures and absence of a standalone Retail Srl balance sheet during a March shareholders’ meeting.
• Claudio Calabi has been appointed as liquidator to oversee the orderly wind-down of Fenice Retail Srl.