1929, La crisi mondiale

The Great Depression in 1929 and the loss of bank credit of Credito italiano almost led the Company and Rinaldo Paranzasa's management to a financial breakdown.The company was saved by Mussolini's government and SOFINDIT, the Banca Commerciale Italiana financial company. Panzarasa is replaced by Alfredo Frassati who wouldlead the company for 30 years.

Share on:
short URL: