Chiara Ferragni’s Fenice posts a small loss in 2025 despite revenue growth and a recent capital increase, while a legal dispute with partner Morgese remains unresolved
Executive summary: Fenice, the company controlled by influencer Chiara Ferragni, recorded a small loss for FY‑2025 despite higher revenues and a recent capital increase following the dismissal of a legal case. The result signals that revenue growth alone may not guarantee profitability for influencer‑driven brands, and the continuing dispute with partner Morgese could affect strategic decisions and investor confidence.
Who is involved: Chiara Ferragni (founder and controlling shareholder), Fenice (her corporate vehicle), and co‑shareholder Morgese.
Likely next: The parties may seek a settlement or renegotiate their shareholder agreement, while Fenice will likely release quarterly updates to show whether the loss was a one‑off.
The article reports that Ferragni’s holding company Fenice closed 2025 with a modest negative result, even though turnover rose and the firm received a cash infusion after being cleared in a legal matter. The ongoing disagreement with co‑shareholder Morgese over governance and future direction is highlighted as the main lingering issue. No new developments beyond the financial summary and the dispute are mentioned.
Timeline
- — Chiara Ferragni chiude il 2025 con un mini rosso: fatturato in salita e contenziosi in chiusura (la Repubblica — Economia)
Analysis — what this means
Likely next events
- Potential settlement or renegotiation with Morgese
- Release of Q1 2026 financial results
Sectors affected
- Fashion & luxury
- Influencer marketing
- Beauty and cosmetics
Historical parallels
- Kylie Jenner’s Kylie Cosmetics faced profitability pressure after legal issues in 2023
- Other influencer brands have needed capital injections post‑controversy to stabilize finances
Key entities
Sources
- Chiara Ferragni chiude il 2025 con un mini rosso: fatturato in salita e contenziosi in chiusura — la Repubblica — Economia