Mobilgirgi Artwork valuations, appraisals and auction estimates

Mobilgirgi was a furniture manufacturing company based in Cantù. Founded in the sixties, the company experienced significant development thanks to quite innovative products and above all to an aggressive commercial policy, with huge advertising investments; the company became known outside of Lombardy especially when, in 1975, it became the main sponsor of Pallacanestro Varese, taking up the legacy of the Borghi family's Ignis. Read the full biography

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Mobilgirgi Biography

Mobilgirgi was a furniture manufacturing company based in Cantù. Founded in the sixties, the company experienced significant development thanks to quite innovative products and above all to an aggressive commercial policy, with huge advertising investments; the company became known outside of Lombardy especially when, in 1975, it became the main sponsor of Pallacanestro Varese, taking up the legacy of the Borghi family's Ignis. The sponsorship lasted until 1978, but even afterwards Mobilgirgi maintained its commitment to basketball and sponsored Juvecaserta Basket for a few years. The company's situation remained flourishing until the mid-nineties, when a progressive decline began: wrong strategic choices, a product perhaps no longer in line with market demands, put Mobilgirgi in crisis: the peak of the difficulties came reached at the end of 2002, when the approximately 100 workers who were still employed in the company did not receive their salaries for approximately three months[1]. Having found a buffer solution[2], the difficulties for the company continued in 2003, when the crisis became irreversible, so much so that in October the Court of Como declared its bankruptcy. The legal case linked to the bankruptcy of the company, which had led to the indictment for fraudulent bankruptcy of the six members of the board of directors (Giampaolo, Ottavio, Antonella, Isabella, Massimiliano and Katia Girgi), accused of having diverted funds from the company since 90s, was definitively closed in March 2006: the first three agreed to a sentence of between one year and one year and two months of imprisonment with the granting of parole, also based on the compensation paid, while the other three members of the family were acquitted[3]. Currently the area once occupied by Mobilgirgi has been taken over by an industry from a different sector, Euroscatola.

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