{"id":1032,"date":"2025-09-30T04:49:41","date_gmt":"2025-09-30T08:49:41","guid":{"rendered":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/?p=1032"},"modified":"2025-09-30T04:49:42","modified_gmt":"2025-09-30T08:49:42","slug":"italy-stock-exchange-regulator-investigates-luxury-goods-manufacturer","status":"publish","type":"post","link":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/2025\/09\/30\/italy-stock-exchange-regulator-investigates-luxury-goods-manufacturer\/","title":{"rendered":"Italy &#8211; stock exchange regulator investigates luxury goods manufacturer"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">It has been reported (<a href=\"https:\/\/www.ft.com\/content\/19a39961-7e48-4cd5-976a-2fbb3d1ca026\">here<\/a>, behind a paywall), that CONSOB (the Italian stock exchange regulator) has been investigating comments made by luxury goods manufacturer Brunello Cucinelli in relation to the company&#8217;s compliance with the EU&#8217;s Russian sanctions.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Last week several short sellers of Brunello Cucinelli stock issued reports alleging that the company&#8217;s stores remained open in Russia and continued to sell prohibited luxury goods. Despite denials from the company, these reports led to a sharp reduction in the price of the shares and <a href=\"https:\/\/www.reuters.com\/business\/retail-consumer\/brunello-cucinelli-shares-suspended-trade-pending-company-statement-italian-2025-09-25\/\">trading in the stock was suspended<\/a>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The CONSOB investigation is primarily focussed on the question of whether the company has misled the market in its public comments and denials.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It has been reported (here, behind a paywall), that CONSOB (the Italian stock exchange regulator) has been investigating comments made by luxury goods manufacturer Brunello Cucinelli in relation to the company&#8217;s compliance with the EU&#8217;s Russian sanctions. Last week several short sellers of Brunello Cucinelli stock issued reports alleging that the company&#8217;s stores remained open &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/2025\/09\/30\/italy-stock-exchange-regulator-investigates-luxury-goods-manufacturer\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Italy &#8211; stock exchange regulator investigates luxury goods manufacturer&#8221;<\/span><\/a><\/p>\n","protected":false},"author":656,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[95,80],"tags":[42,18,34],"ppma_author":[7],"class_list":["post-1032","post","type-post","status-publish","format-standard","hentry","category-95","category-consumer-products-and-services","tag-italy","tag-russia","tag-trade-sanctions"],"authors":[{"term_id":7,"user_id":656,"is_guest":0,"slug":"mhandley","display_name":"Mark Handley","avatar_url":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-content\/uploads\/sites\/65\/2023\/09\/handleymark-100x100.jpg","author_category":"","last_name":"Handley","first_name":"Mark","job_title":"","user_url":"https:\/\/www.duanemorris.com\/attorneys\/markhandley.html","description":"<a href=\"https:\/\/www.duanemorris.com\/attorneys\/markhandley.html\">Read Mark's bio.<\/a>"}],"_links":{"self":[{"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/posts\/1032","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/users\/656"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/comments?post=1032"}],"version-history":[{"count":0,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/posts\/1032\/revisions"}],"wp:attachment":[{"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/media?parent=1032"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/categories?post=1032"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/tags?post=1032"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/ppma_author?post=1032"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}