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Ferragni’s Former Partner Goes Public With Allegations of Profit-First Strategy and Push for His Shares

His televised account underscores a broader governance fight at Fenice Srl already playing out in court.

Overview

  • Pasquale Morgese, who held 27.5% of Fenice Srl, broke his silence in a Rai 3 FarWest interview, accusing Chiara Ferragni of shifting the company’s focus to immediate revenue over product, brand identity and customer experience.
  • He claims Ferragni asked him to transfer his shares to her for free, says he refused and sought at least his investment back, and recalls their relationship fracturing after that exchange.
  • Morgese alleges that manager Fabio Maria D’Amato drove a “revenue machine” approach and that restructuring expert Claudio Calabi appeared to prioritize Ferragni’s interests, assertions presented as his account.
  • He says the so‑called ‘Pandoro‑gate’ sparked a collapse in sales and trust among consumers and partners, as prosecutors have requested a one‑year, eight‑month sentence for Ferragni for aggravated fraud in that case.
  • Fenice Srl later approved a €6 million capital increase subscribed only by Ferragni, while Morgese and other shareholders declined to add funds, and Morgese has formally contested the company’s 2023 financial statements since June.