What: Italian retailer Coin secures EUR 21.2 million capital increase from multiple investors while preserving 1,390 jobs through government-supported restructuring plan.

Why it is important: The combination of private investment and government support shows how retail restructuring increasingly requires collaboration between multiple stakeholders to ensure sustainable outcomes.

Coin has secured firm commitments for a EUR 21.2 million capital increase from multiple investors, including MIA, Sagitta (managing the UTP Restructuring Corporate fund), and existing shareholders Red Navy Joral Investment and Hi-Dec Edizioni. The restructuring plan, announced during a crisis meeting at the Ministry of Enterprises and Made in Italy, ensures business continuity while protecting 1,390 jobs. The investment is contingent upon the Venice court's approval of a debt restructuring agreement with extended maturities, expected in the first half of 2025. The plan includes negotiations with creditors for debt redefinition and operational continuity. Company leadership, including Board Chairman Andrea Gabola and CEO Matteo Cosmi, emphasized the plan's solidity and their commitment to preserving the century-old brand's value through long-term vision.

IADS Notes: Coin's announcement of a EUR 21.2 million capital increase and preservation of 1,390 jobs represents a significant milestone in Italian retail restructuring. This development follows the company's December 2024 implementation of a comprehensive restructuring plan that addressed EUR 80 million in debt while managing the impact on 1,331 workers. The strategy's viability is supported by Coin's demonstrated resilience in August 2024, when it maintained operations with EUR 280 million in sales and EUR 15 million in net profits while pursuing legal restructuring procedures. These figures suggest that Coin's current approach of combining financial restructuring with workforce preservation builds on lessons learned from earlier transformation efforts, indicating a balanced approach to retail recovery.

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