With the judicial liquidation it turned out that several illustrious Italian names had bet on the success of the brand. The convocation of the creditors for the examination of the liabilities is scheduled for 21 June
While the expected bankruptcy procedure is activated, more data arrives regarding the bankruptcy of Domino’s Pizza in Italy. In fact, the company’s shareholders include several illustrious Italian names including Luigi Berlusconi, the youngest son of Silvio Berlusconi, Piero Coin, son of Vittorio Coin, former owner of the Veneto department stores of the same name sold some time ago to a private equity and also Raffaele Vitale, the nephew of the banker Guido Roberto Vitale. There had been talk of the end of Domino’s Pizza in Italy at the end of the summer, but the news had almost fallen by the wayside. However, the closure of the brand had immediate repercussions among those who applauded its closure claiming that it was a sort of victory for artisan pizzerias and those who thought of all the people fired. Now the bankruptcy procedure has been activated for the 20 Italian branches of the brand (the premises were present in Milan, Turin, Rome, Bologna, Bergamo and in the Veneto region), managed by the concessionaire ePizza Spa.
The convocation of creditors is scheduled for 21 June
The reasons given for the closure were the fact that the Covid-19 pandemic and the subsequent and prolonged restrictions seriously damaged ePizza. ePizza’s latest 2021 balance sheet is clear: the turnover had reached 10.5 million euros, while the debt was around 20 million euros, of which 5.3 million to the banks. With the judicial liquidation and from here it turned out that several illustrious Italian names had bet on the success of Domino in Italy. Among them, precisely, the names of Luigi Berlusconi, Piero Coin and Raffaele Vitale stand out. The liquidation procedure, initiated by Luca Giani, judge of the court of Milan, sees Danilo Cannella as curator. The convocation of the creditors for the examination of the liabilities is scheduled for 21 June.