The encyclopedia · Finance & Accounting · Financial decision · 2025
Battistoni took €5.69M of debt to the court — and asked to keep trading
Rome's Via Condotti shirtmaker, chaired by financier Alessandro Barnaba, opened a continuation concordato in Nov 2025: €5.69M owed, €1.2M offered.
Battistoni · 2025-11-18
What happened
Battistoni is one of Rome's historic names in high-end men's dress: shirts, ties and quality sartoria sold from its shop on Via dei Condotti, a few streets from the Spanish Steps. The company is controlled and chaired by the financier Alessandro Barnaba.
By the autumn of 2025 the balance sheet could no longer be carried by the till. In mid-November the company asked the Rome civil court for a concordato preventivo in continuità aziendale — the Italian procedure that lets a debtor restructure its debts while continuing to operate. On 18 November 2025 Milano Finanza reported that the court's 14th section had declared the procedure open, with Francesco Cottone as reporting judge.
The arithmetic filed with the court was stark: €5.69 million of liabilities on one side, and on the other a proposal to put €1.2 million at the disposal of creditors, paid over five years. Roughly a fifth of what is owed, spread over the length of a lease.
That ratio is the case. A continuation concordato is not a liquidation with a sign still on the door; it is a formal bet, submitted to a court, that the business will earn more in future than its past cost — and that creditors will accept the difference rather than force a sale of shirts and silence on Via dei Condotti.
Why it happened
- €5.69 million of liabilities against a business whose entire offer to creditors was €1.2 million over five years — the gap had grown beyond what trading could quietly absorb
- The chosen instrument — concordato in continuità — says the owners judged the name and the shop worth more in operation than in liquidation, and were willing to argue that before a court
- The procedure places the company under judicial supervision with a court-appointed commissioner: management keeps trading, but every step answers to the file it submitted
- Five years is the horizon the plan asked creditors to accept — a timescale that only works if the Via dei Condotti boutique keeps generating through all of it
The lesson
A continuation concordato is a court filing that says: the name is worth more open than closed. Battistoni offered creditors €1.2 million against €5.69 million owed — and asked for five years.
Aftermath
With the procedure declared open, Battistoni continued trading on Via dei Condotti under the court's supervision, its restructuring governed by the plan filed with the 14th section. For creditors the choice was formalised: accept a fifth of what they were owed across five years, or push for another outcome. The maison's independence, at least for the length of the plan, stayed in its chairman's hands.
Sources
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