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The company relaunch is on its way, composition with creditors concluder

On Tuesday 8th March, the Court of Como made it official that Canepa SPA composition with creditors was
concluded. The Company regains a situation of full normality and ordinary activity with immediate effect.
The relaunch of the historical textile manufacturing company of the Como district is fastly proceeding, substained
by the 18 million euroes invested last November by Muzinich&Co. SGR, with AZ ELTIF Capital Solutions
fund (a partnership between Muzinich & Co and Azimut), by Invitalia (through the fund for the safeguard
of employment levels and the firms’ activity, in compliance with Art.43 of the Relaunch Decree) and by Michele
Canepa, who still remains the majority shareholder with his 40%.
“The Company is already at a stage of full recovery, that was undertaken last November together with the entry
of new shareholders”, states the Managing Director, Mrs. Virginia Filippi. “We have reinforced the management
team with a new Marketing Director and a new Supply Chain Director, having both a proven experience
in the field. We have altready participated to the main expositions of the textile sector, Milano Unica and Première
Vision, where we met our customers again, at our fair booth, and made the change of gear clear. There
is a great interest in our collections, even on behalf of many new companies, with the increasing demand of
fabrics for neckties – one of Canepa’s outstanding expertise, renowned for the production of fine tailormade
neckties - that are starring again on the runaways and in the collections of accessories of important maisons”.
The textiles manufacturing company in San Fermo della Battaglia, situated in the heart of the Como district, is
ready to take its credibility back and win back its institutional customers – international fashion brands – who
could not work with companies such as Canepa, because of its economical situation.
Today the Company is stronger than ever, has no debts, is optimizing its productive and weaving capacity, is
investing in new developping strategies and is at a new start as for creative energy in the production of fabric
collections: fashion, home and final products such as neckties, scarves and men swimwear.
The coming edition of PROPOSTE – home textile exposition, taking place at Villa Erba in Cernobbio, from
22 to 26 April 2022 - Canepa will present its new collection, moving from a new boost, in line with the new
Company strategy and aiming to make its role and presence stronger on the home decor and contract, for
hotellerie and yacht sector.
Financial empowerment and capital increase will let possible the realization of a strategy of investments in
favor of sustainability, enhancing one of the points of strength of the Company and of digital innovation.