Tomorrow
is today's business
20 Mar 2025
Company bankruptcies in Italy - Reporting March 2025
In 2024, there has been a sharp increase in insolvency proceedings (+112%) as well as a significant rise in requests for access to out-of-court restructuring procedures (+35%). This upward trend affects all geographical areas and, though to varying degrees, all economic sectors. Industry, construction, and both wholesale and retail trade have recorded the largest increases, both in the number and size of the companies involved. More and more large companies — those with a turnover exceeding €50 million and over 250 employees — are initiating insolvency proceedings or implementing the measures provided by the new Italian Code of Business Crisis and Insolvency (CCII). Well-known names are no exception: among the most notable cases so far, Trussardi resorted to out-of-court restructuring to overcome its crisis, selling its brand to the Piedmont-based Miroglio group. AU Group’s quarterly report analyzes and presents the figures and trends for 2024 and anticipates that Italy will continue to face a generally high level of insolvency risk in 2025.