Minelli Faces Receivership in 2024
French shoe brand Minelli has entered receivership as of 2024. The renowned footwear label has faced mounting financial challenges in recent years, leading to this significant development. Receivership typically signals a period of legal protection as the company attempts to reorganize and address its debts. 
Plans for Recovery
Minelli’s management has initiated a safeguard procedure in hopes of saving the company and protecting jobs. This move follows a period of substantial losses that have affected the brand’s stability. The safeguard procedure aims to restructure the business and develop a viable recovery plan.
Minelli remains a beloved name in European fashion, known for its stylish and quality shoes. Customers and industry watchers are eager to see how the brand navigates this challenging period. For now, operations continue as usual while restructuring efforts are underway.
Sources:
FashionUnited: Shoe brand Minelli placed into receivership
