GLAS acts as Agent on €152m turnaround plan for Pinko

GLAS is pleased to announce that Cris Conf S.p.A., the company owning Pinko, a leading Italian brand in the entry‑to‑luxury fashion segment, has defined a multi‑year turnaround plan and successfully restructured its debt.

The GLAS team in Italy supported the company and the lenders during the negotiation and execution phases of an agreement worth approximately €152 million. The transaction provided short-term credit facilities and credit lines granted for the issuance of letters of credit in favour of suppliers, backed by a SACE guarantee.

The agreement was reached with a broad banking syndicate comprising all major Italian financial institutions, as well as Cassa Depositi e Prestiti. It will enable Cris Conf to optimise the Group’s financial structure and support its strategic initiatives aimed at strengthening and relaunching the business.

The transaction involved the contribution of leading advisors: AGFM acted as industrial and financial advisor to the Company, in coordination with DC Advisory; Studio Ranalli acted as management advisor, coordinating the Company’s financial restructuring plan; Gianni & Origoni provided legal advice and assistance; and Gatti Pavesi Bianchi Ludovici acted as legal advisor to the lending institutions.

About Cris Conf Group

Headquartered in Fidenza (Parma), the Cris Conf Group is wholly owned by the Negra family and operates globally through a diversified distribution model.

The Group’s turnaround plan is characterized by the full protection of the production supply chain, no write‑offs on existing debt, and the complete safeguarding of all employment levels.

About GLAS

GLAS was established in 2011 and is the premier independent, non-creditor, conflict-free provider of institutional debt administration services covering the global private and public credit markets.

GLAS, which services more than US$850bn of assets under administration, is headquartered in London and has operations in the U.S., France, Germany, Spain, Italy, the UAE, Singapore, Hong Kong and Australia.

For more information, please contact media@glas.agency.