Trussardi is in crisis. The Italian brand positioned in accessible luxury, which was acquired in 2019 by the Italian asset management company QuattroR securing 60% of the capital, has seen its financial situation worsen in recent weeks. Due to the debts, a crisis recovery procedure was envisaged, as reported by a source familiar with the matter. This procedure, which was introduced very recently in Italian legislation, would allow companies in difficulty (somewhat according to the model of the so-called US Chapter 11) to preserve their operational capacity, using an external expert to repair the company and negotiate with creditors a debt restructuring. According to market sources, the debt is estimated at over 50 million euros. In aid of Trussardi came the Bergamo consulting firm 3X Capital. Its experts are currently managing the label, while the board of directors and CEO Sebastian Suhl have resigned. To keep costs down, employees were placed on layoffs and several stores could be closed, especially those with expiring or unprofitable rents.