LuisaViaRoma over-expanded in luxury e-commerce — €30M in debt, 200 jobs at risk

LuisaViaRoma, founded in 1929 as a Florence boutique and later a pioneer in luxury e-commerce, filed for a concordato semplificato (simplified composition with creditors) in March 2026 to avoid liquidation. The company had accumulated €30 million in debt and requested a 60-day window to submit a restructuring plan to the Florence Court. The move followed months of failed out-of-court negotiations with creditors.

The crisis deepened after private equity fund Style Capital, its largest shareholder, exited in December 2025, leaving CEO Tommaso Maria Andorlini in control of 40% of the company. The board approved a €15 million capital increase to reduce debt, but unions called strikes, arguing the process was a disguised liquidation. The company had already cut 20% of its workforce in June 2025 and closed its Milan office in July.

LuisaViaRoma's revenue was €310 million in 2024, but the company was weighed down by the broader luxury e-commerce downturn, rising costs, and the debt burden from its expansion. The court would decide whether to approve the restructuring plan or order judicial liquidation, putting approximately 200 employees' futures in the balance.