Fashion retailer LuisaViaRoma plans to close its Milan office, affecting 22 employees who will need to relocate to Florence. CEO Tommaso Maria Andorlini stated the restructuring is crucial for efficiency and focus. The company logged sales of 310 million euros in 2024, with a debt of 30 million euros. A capital increase was completed successfully. In light of U.S. market challenges, looming tariffs may impact business, leading to a downturn in 2025. LuisaViaRoma is adapting its brand mix to align with consumer demand for sustainability and social responsibility. LuisaViaRoma CEO emphasizes commitment to ethical, quality products at fair prices. Plans to launch online multistore destination with Camera Buyer Italia and THEBS.com. Founded in 1929 by Luisa Jaquin, success carried on by grandson Andrea Panconesi. Style Capital invests 130 million euros for 40% stake, Panconesi now president, daughter Annagreta creative director.

Read more at Yahoo Finance: LuisaViaRoma’s CEO Discusses Business Retooling Strategy, Milan Unit Closure