A court in Venice has confirmed the agreement to restructure the debt of the Italian department store operator Coin Spa after negotiations. The decision now enables new investors to be started: inside. These are ready to support the renovation project with a capital increase of a total of 33.2 million euros.
Since the beginning of crisis management in June 2024, the company has had negotiations with its creditors: on the inside, according to a statement. “These were concluded in April 2025 with the signing of over 380 agreements to restructure the liabilities in accordance with Art. 57 and 61 CCI,” said Coin. “In addition, there is the tax and social security agreement in accordance with Art. 63 CCI, which was achieved with the Italian tax authority and the social security officer inps.”
Capital increase for a total of 33.2 million euros
“We are satisfied with the result of the final approval of the debt reimbursement agreement. This milestone is a crucial moment for coin and the result of the extraordinary work of a closed and determined team,” emphasized Andrea Gabola, the president of Coin, and Managing Director Matteo Cosmi in a joint statement. “The agreement underlines the solid relationships with all stakeholders: inside. It enables us to initiate a new phase of consolidating and developing the company.”
The regulations made are based on a five -year plan. This provides for measures to revive the business and to optimize operating costs. The aim is to consolidate and strengthen the results of the company by developing a sustainable model.
The regulation and the restructuring agreements that were largely approved by the creditors: the company enable the company to reorganize its debt, to stabilize the financial situation and to strengthen equity.
The measures are supported by a capital increase of a total of 33.2 million euros. Mia SRL, the Holding Society of the Exelite Group, and the National Development Agency Invitalia are participating in this, among other things, the IMPRESE funded by the Ministry of Companies and Made in Italy.
In addition, the Financial company Generalfinance SPA has promised additional funds of 15 million euros in order to strengthen the operational circuit assets.
This article was used with digital tools translated.
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