Chiara Ferragni’s Company Faces Legal Battles and Financial Challenges
Fashion entrepreneur Chiara Ferragni and her company, Fenice, are embroiled in a series of legal disputes. These conflicts involve significant financial claims and challenges to business decisions, casting a shadow over the influencer’s brand and its financial stability.
Safilo Lawsuit and Contractual Disputes
A legal battle has ignited between Chiara Ferragni’s Fenice company and Safilo. Safilo initiated a compensation claim of €5.9 million against Ferragni’s company. The eyewear company terminated its licensing agreement with Ferragni in December 2023 following the “Pandoro Gate” controversy.
In response, Fenice contested the withdrawal’s legitimacy and is seeking €3.65 million from Safilo for “due amounts.” Furthermore, mediation proceedings involve the clothing line licensee, Swinger International, which is seeking compensation. There was also a withdrawal from the pharmaceutical house, Angelini, from the perfume line contract. There was also a renegotiation with the partner of the Bambino line, Monnalisa Spa.
Morgese Challenges Budget and Recapitalization
Another significant development involves a challenge to Fenice’s budget. Shareholder Pasquale Morgese is contesting resolutions on accounts and recapitalization. Morgese is disputing the risk fund’s amount and the potential disputes. The legal action aims to cancel the assembly resolutions of Fenice Srl on accounts and recapitalization.
The core of the dispute lies in the financial figures. Morgese’s lawyers suggest the income statement was drawn up to manipulate shareholders. The goal was to make the company’s situation appear worse than it was. At the heart of the disagreement is the amount of the financial “red” and the recapitalization.
The Legal Battle’s Details
The issues with Safilo began in December 2023. The group communicated its unilateral withdrawal from agreements. This followed an intervention concerning the Pandoro case. Safilo filed a suit in May 2024, seeking €5.9 million in compensation. Fenice and Sisterhood, Ferragni’s holding company, contest the withdrawal’s legitimacy.
Fenice is also pursuing the termination of the contract and compensation for damages. The estimated risk of failure for the company is around €1.8 million. Safilo, when contacted, declined to comment on the matter.
According to a report by Statista, the global luxury goods market is expected to reach $448.7 billion in 2024 (Statista). This places the current disputes within a broader financial context.
Morgese’s Concerns
Pasquale Morgese challenged decisions from the last assembly in front of the Court of Milan. He requested that the court invalidate these decisions. Morgese’s lawyers claimed a fictitious loss was generated. They also alleged that the company’s capital was reset.
This legal turmoil highlights the financial pressures facing Chiara Ferragni’s business ventures.
