10 Corso Como closed New York, Shanghai and Tokyo — a rival retailer bought in

Carla Sozzani opened 10 Corso Como in Milan in 1991 — part gallery, part bookshop, part café, part store — and it became the template for the concept store, expanding to Tokyo, Seoul, Beijing, Shanghai and New York. The price showed in September 2015: the operating company Dieci srl faced a bankruptcy petition from Italy's tax collector over €4.67M of unpaid taxes. A settlement at the end of the month saved it.

The overseas empire then folded in reverse order: Beijing in 2017, Shanghai in 2019, New York in April 2020 as the pandemic hit. The Milan building itself had been sold to new landlords in 2017, and eviction risk hung over the flagship while the accounts stayed in the red. By 2020 the store that defined independent fashion retail was a single location with 'recurring rumours about its future.'

On September 3, 2020, retailer Tiziana Fausti — chair of the holding company behind her own multi-brand empire — announced a joint venture to take the brand forward; Sozzani stayed as founder and cultural lead, and the plan became '10 Corso Como-the-global-shop' again, this time through department-store partnerships instead of owned flagships.