Influencer Chiara Ferragni Fined Over Misleading Charity Cake Campaign
Ferragni Apologizes and Pledges Donation, Plans to Challenge Fine
- Italian influencer Chiara Ferragni and Italian pastry brand Balocco have been fined over a misleading charity cake campaign.
- Ferragni, who has almost 30 million Instagram followers, advertised a limited edition cake last Christmas, suggesting the proceeds would go to charity.
- The Italian Competition Authority found that consumers were misled into believing the higher cost of the cake would result in a donation to the Regina Margherita Hospital in Turin, Italy.
- Ferragni's companies received over 1 million euros from the deal, and the only donation was 50,000 euros from Balocco.
- Ferragni has apologized and pledged to donate 1 million euros to the hospital, but plans to challenge the fine.