10 Corso Como May Be Unable To Repay Bankruptcy Due To Its Huge Debts.

The latest news from Milan is that the concept retailer 10 Corso Como may be facing a financial crisis. According to media reports, the store created by Carla Sozzani has owed 4 million 670 thousand euros ($5 million 270 thousand) to the Italy tax office Equitalia.

Citing WWD news from the US media, although Sozzani's lawyers think that 10 Corso Como has already applied for installments, Equitalia feels that businesses may not be able to do so and apply to the Milan court for bankruptcy. According to L Espresso electronic magazine, it is expected to open the first round of hearings this Wednesday. The magazine also pointed out that 10 Corso Como had asked the Italy Tax Commission to extend the repayment period. The Committee has not yet made a decision on this issue.

As of press release, 10 Corso Como Retailer Executives did not comment on the matter.

10 Corso Como was founded in 1990 by the founder and publisher of Carla Sozzani in Milan, Italy. It is the first fashion design concept store in the world. It includes elements of art, fashion, music, design and food, and is designed for multiple areas.

The Sozzani family has two daughters, the elder sister is called Franca Sozzani (left), and the younger sister is called Carla Sozzani. Two Aozzani, two kinds of Italy, but they represent Italy, which is different from Italy. Sister Franca, editor in chief of the Italy edition of VOGUE, is simple and elegant, and takes charge of the most thoughtful VOGUE. Sister Carla is dignified and steady, approachable, and feels more like an art collector. The wavy curls of two people have become Icon classics.

Carla Sozzani is known as "visionary" and "the most innovative European art gallery founder". Born in Mantova, northern Italy, after graduating from Milan's University of Milan, she has worked in Italy's major fashion magazines and has been the editor in chief of the Italy edition. In 1987, he founded the Italy version of ELLE and edited it. In the meantime, she worked with a number of top photographers and artists including Bruce Weber (Bruce Webb), Paolo Roversi (Paul Rovers), and Sarah Moon (Sarah Moen).

10 Corso Como has worked with many world famous brands to create joint brand products. It is regarded as the epitome of design and fashion style. Its cooperative brands include Comme des Garons, Moncler, Swarovski, Paul Smith, Maison Martin Margiela and Charles Philip, which are only a small part of it.

The 10 Corso Como from Milan, founded in 1990, has been expanding its Asian market in the past decade. Wakubo Rei and Samsung have joined the Japanese and Korean markets in September 2013. In September 2013, they opened up China's first store in Shanghai with the HSK group, and according to the brand, they will not open new stores in China after the opening of the store. It is not known whether the financial crisis has an impact on two domestic shops.

At present, the profit model of the global buyer's shop is a hot topic in the industry. The mode of the buyer's shop is to make a high price by virtue of the scarcity of its commodity, so as to earn the difference. Although the profit is diversified, the profit situation is very ordinary. The bankruptcy or sale of many independent buyer shops basically announced that the global independent buyer shop industry is facing severe challenges. Lane Crawford, 10 Corso Como, Maria Luisa and other stores from Milan, Paris and other places in 2013 quickly stationed in China and expand, I.T has been in the country since 2002, the layout of 295 stores, but the performance of these buyers shop is not satisfactory.

How long can boutique stores last? The London fashion boutique retailer Browns, founded in 1970, failed to support it. In May this year, Browns was bought by Farfetch, a British electricity supplier. In the past 5 years, European and American boutiques of buyers industry One by one, Browns's hands changing from family management is also expected.

Some industry analysts say that Fashion business The rapid development of the retail industry is challenging the development mode of the retail industry. The future retail shopping mode will be unprecedented. The new retail mode will combine the physical shopping experience with the powerful high-end technology perfectly. The traditional buyer shop mode is outdated.