A pillar of the Chiara Ferragni empire is about to fall. The weekly Chi predicted that the Chiara Ferragni brand's flagship store, which opened in via Capelli in 2017, would close in August. The Milanese boutique, located halfway between Piazza Gae Aulenti and Corso Como, houses the brand's various collections, which include clothing, bags, footwear, jewelry, and collaborations. This is yet another piece of news that highlights the critical issues that the influencer is facing as a result of the 'Pandoro Gate'. Before the rumors about the commercial aspect of the Milanese store's closure, there were reports in recent months about Pigna, Safilo, and Pantene breaking off licensing agreements with the influencer. Fabio Maria Damato, Chiara Ferragni's trusted advisor, officially stepped down from the Ferragni group's management a few weeks ago. In a note published in major newspapers, Fenice and Tbc Crew stated that "as of June 16, 2024, Fabio Maria Damato will cease from the function of general manager and director of both companies to pursue other professional opportunities.Change is part of the process of corporate renewal". Damato made his first public statement on the subject in an Instagram post. "Tomorrow will be my last day as general manager of Tbc Crew and the Chiara Ferragni brand, and I'd like to thank all of the professionals who, through their experience and humanity, wanted to support me on this journey. Additionally, Chiara Ferragni, who contacted me over seven years ago to provide assistance in the development of her business project, and who trusted my vision.
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