Brazzale Raises €10 Million Against Aging Cheese Under New Italian Law
Updated
Updated · Bloomberg · Jul 7
Brazzale Raises €10 Million Against Aging Cheese Under New Italian Law
1 articles · Updated · Bloomberg · Jul 7
Summary
Brazzale SpA secured a €10 million loan from Cassa Depositi e Prestiti and Cherry Bank, using cheese still maturing in its warehouses as collateral.
The financing was enabled by a recent Italian legal change designed to help food and wine producers unlock credit against products that are still aging.
Founded in 1784, the family-owned dairy is Italy’s oldest, making the deal an early test of whether inventory-backed lending can broaden funding access across the sector.