Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2013
Shareholder and financing conflict
The company faced a dispute involving family shareholders, Renova-related investor Venetos and a proposed capital increase. The transaction triggered a mandatory offer for remaining shareholders that reportedly attracted limited acceptance.
2011
Storm resignation and alleged misappropriation
Chairman Michael Storm resigned in December 2011 after allegations that he had misappropriated approximately 1.5 million euros. The company later pursued repayment claims reported at approximately 9 million euros plus interest.
2011
Alleged misappropriation involving former chairman
Michael Storm resigned as president of the board in December 2011 after the discovery of alleged misappropriation of company funds. The company subsequently pursued a repayment claim against him.