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High life crashing down on R.I. entrepreneur Giovanni Feroce
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| Parent(s) |
Candidate
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| Contributor | RP |
| Last Edited | RP Jan 02, 2018 12:17pm |
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| Category | Profile |
| Author | Amanda Milkovits |
| News Date | Monday, January 1, 2018 06:00:00 PM UTC0:0 |
| Description | Giovanni “John” Feroce, the high-flying entrepreneur now floating his name for governor, is in deep financial trouble.
Feroce bought BENRUS, a military-style watch brand, and promised to create a global billion-dollar fashion brand.
He also launched a semipro basketball team, took over a local advertorial magazine, started an investment firm, bankrolled local musicians, invested in a Florida nightclub, sponsored a golf tournament and was featured in a pitch for a business-reality TV show, calling himself “The Fixer.”
The nightclub went bankrupt, the magazine folded and BENRUS needs new capital. His Newport mansion is leveraged to the hilt, and his few remaining employees are paid only in shares. |
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