only 1200 euros in his bank account

1200 euro in everything. This is the figure found by the Financial Police on current accounts Italians of Lapo Elkann within the scope of huge seizure 74 million for fraud against the three Elkann brothers (John, Ginevra and Lapo himself), the accountant Gianluca Ferrero and the Swiss notary Urs Robert Von Gruningen, ordered by the Turin Prosecutor’s Office. After the eyewear company closed Italian Independentin fact, for the scion of the house Lambs business would be particularly bad.


Lapo Elkann and his account in the red after the closure of Italian Independent

That of Italian Independent, a company founded in 2007 and closed definitively due to financial fiasco in January this year, was not the only failure for Lapo Elkann.

As reported by Openin recent times also the Laps to goanother of its currently active companies, was forced to devalue the eyewear company for approx 2 million euroswith liquidity falling below 165 thousand euros.

Photo source: IPA

Presentation of Italian Independent for the first launch of the collection which marked the new direction of the brand

Again according to what was reported by the online newspaper founded by Enrico Mentana and directed by Franco Bechis, over the last year Lapo would therefore have gone to negative by almost one million euros.

The liquidation of Italian Independent

After 17 years of activity, the shareholders’ meeting had resolved the dissolution and liquidation of the eyewear company founded in 2007, which it hadn’t closed a profit since 2016.

The sale of the brand in September 2023 for 1 million euros was of no avail M Group by Alessandro Lanaroa maneuver that had brought the company back into the positive.

The liquidation represented the natural epilogue of the entrepreneurial adventure of Gianni Agnelli’s nephew, which cost him over 40 million euros in total.

The new resources

But it doesn’t end here. Even the L Holdinganother Lapo company registered in Turin, holds 23% of YoungTimers AG (based in Switzerland, in Basel).

It is an active reality in the financial sector and in car trade from collectionwhich he would have recorded losses for approx 726 thousand euros and a vertical collapse on the Swiss stock exchange.

The same company, as reported by the Corriere della Serawould have pledged 10 million of those shares to Deutsche Bank in exchange for a 2 million euro credit line. It would be about new resources put in place to continue new entrepreneurial adventures.



lapo-elkann-conto-rosso-italian-independent

Photo source: IPA

Source: notizie.virgilio.it