When did Caroggio and Saccani relinquish their ownership interest in 60UP to Amorino USA?

According to Amorino's 2025 Franchise Disclosure Document, Caroggio and Saccani relinquished their ownership interest in 60UP to Amorino USA on May 12, 2021. Subsequently, Amorino USA transferred 100% ownership of 60 UP to a franchisee. Additionally, FilloGigi1 LLC, Caroggio and Saccani's company, relinquished its management of the store owned by 60 UP on the same date. This indicates a complete transfer of ownership and management responsibilities related to 60UP from Caroggio and Saccani to Amorino USA and then to a franchisee.

Prior to this, CPGF Holdings owned 100% of 60 UP, LLC until March 2020. 60UP itself owned and operated a traditional Amorino store at 60 University Place, New York, until May 12, 2021. The relinquishment of ownership by Caroggio and Saccani and the subsequent transfer to a franchisee mark a significant change in the operational structure of this particular Amorino store.

For a prospective franchisee, this information provides insight into the ownership and management transitions within the Amorino franchise system. It demonstrates how Amorino USA handles company-owned stores and the process of transferring them to franchisees. Understanding these transitions can be valuable for anyone considering investing in an Amorino franchise, as it sheds light on the potential for acquiring existing stores and the support provided during such transitions.