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​Portobello, new partner and composition hearing set for October 28

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​Portobello, new partner and composition hearing set for October 28
Italian retailer Portobello will appear before the Court of Rome on 28 October 2026 to present measures intended to keep its restructuring plan on track. The hearing follows the judicial liquidation of Costruire Sostenibile, the plan’s principal proposed financier, and the loss of Portobello’s stake in Eprice IT.

Portobello says a new partner in Porto Italia, which operates the leased retail businesses, is already supporting working capital with approximately €2.5 million of merchandise. A separate creditor petition seeking Porto Italia’s liquidation has been withdrawn following resolution of the dispute.

The restructuring envisages at least €15 million in external financing and continued trading through Porto Italia. Four stores currently operate, with five further openings planned by year-end. Portobello aims to preserve the plan’s viability and protect creditors’ interests ahead of voting scheduled for 16–23 November.

More on this story at MarketScreener
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