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Endgame
Troubled trunkmaker Pinel & Pinel takes family shareholder to court

LogoSubscribers only By Philippe Vasset
2 min read Lire en français

Pinel & Pinel's coffers are running on empty and in need of a financial injection.
Pinel & Pinel's coffers are running on empty and in need of a financial injection. © Photomontage by Glitz - Sources: Pinel & Pinel, Rafael Garcin (Unsplash)

In dire straits after its conviction for free-riding off Rolex, the luxury leather goods manufacturer has taken action against the family office that holds 49% of the group to force it to refinance. But the Gaspard family, which has already invested €31m without any return, is refusing to do so.

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