WWD has reported that CEO of Piazza Sempione, Enrico Morra, has confirmed that the company is in negotiations with a potential investor to sell its assests.
Since their financial crisis in 2011, Piazza Sempione has been controlled by Luxemburg-based holding company, owned by L Capital, the private equity arm of LVMH Moët Hennessy Louis Vuitton. Founders Marisa Guerrizio, husband Roberto Monti and Morra all invested in the company in 2009 and still have their shares.
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