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The Italian wine giant Zonin 1821 has applied for an out-of-court corporate restructuring procedure in light of debts amounting to 80 million euros. This aims to achieve an economic-financial settlement that eliminates over-indebtedness and restores solvency. The operational business is to continue without interruption.
The strategy is part of a comprehensive restructuring plan led by the new CEO Maurizio Rossetti. He will work together with the Zonin family and the shareholders on a realignment. Planned are, among other things, a revision of the three-year sales strategy focusing on revenue and margins, as well as the streamlining of parts of the production structures. In this context, sales of individual estates could also be examined – in coordination with the Zonin family and the minority shareholders. The portfolio includes seven large wineries in Italy, including in Friuli, Piedmont, Lombardy, Tuscany, Apulia, and Sicily. In March 2026, the company has already parted ways with its Barboursville Vineyards estate in the USA (Virginia), which Gianni Zonin had purchased in the 1970s.
Zonin is one of the significant wine companies in Italy, producing over 50 million bottles annually and active in 140 countries. The agricultural areas of the group cover around 1,500 hectares. About 84 percent of Zonin's revenue is generated abroad. In the coming months, a three-year plan for financial consolidation and operational enhancement is to be developed.
(ru – Image: Zonin)
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