MILAN — LuisaViaRoma’s attempts at extra-judicial negotiations with financial creditors over the past few months have reached their tipping point.
On Tuesday, the beleaguered fashion e-tailer filed for a court-mediated procedure called “Concordato Semplificiato” under Italian liquidation law, paperwork reviewed by WWD revealed. The company has to provide the Florence Court with a business plan and has asked for a 60-day period to file it, subject to the court’s approval.
Once submitted, the court has to decide whether to ratify the plan and the procedure, which would resolve the crisis. Otherwise, the company would be placed into judicial liquidation.
In August, the company resorted to protection…