We inform you that on this website we use our own and third-party cookies to collect information about its use, improve our services and, where appropriate, display advertising by analyzing your browsing habits. You can expressly accept its use by pressing the "ACCEPT" button or configure and select the cookies you want to accept or reject in the settings. You can also get more information about our cookie policy here.

The global fashion business journal

Jul 18, 20249:46pm

Italia Independent proposes cash call of up to 7.8 million euros after remodeling its helm

The board of directors proposes cash call of up to 7.8 million euros, to support 2019-2023 development plan.

Nov 15, 2019 — 4:18pm

Italia Independent proposes cash call of up to 7.8 million euros after remodeling its helm



Italia Independent, more buzz to grow. The board of directors of the fashion company, chaired by Lapo Elkann, has approved a capital injection of 7.8 million euros, which aims to develop the company’s new plan until 2023.


The group’s strategy is to “rationalize the corporate structure through the creation of a new business model with the aim of increasing competitiveness and reducing costs.” The plan estimates that the company will increase its revenues to 42 million in the next four years by developing a new product line and strategic partnerships. In addition, the company plans to expand into new markets and open new sales channels "with the financial support of the company's main shareholders."


This deal happens after the group rearranged its helm. In early October, Mario Pietribiasi left its role of chief executive officer after only six months in office. A few weeks later, Marco Cordeddu, former Fiat, joined the company. The group ended the first half of its fiscal year with losses of 12.1 million euros and revenues of 4.2 million euros, 64.6% less than the same period last year.

Participation rules



Validation policy for comments: 

MDS does not perform prior verification for the publication of comments. However, to prevent anonymous comments from affecting the rights of third parties without the ability to reply, all comments require a valid email address, which won’t be visible or shared.
Enter your name and email address to be able to comment on this news: once you click on the link you will find within your verification email, your comment will be published.

0 comments — Be the first to comment