Beales Liquors and Cinemas has confirmed it has been liquidated after two department stores went under.
The company said it was liquidating its portfolio of stores in Rome.
It said the sale of the department stores has been suspended as of the evening.
It confirmed that the liquidation is being done on behalf of the owner and it will be handled by the company’s legal counsel.
The liquidation comes as the city is on the brink of a major earthquake.
It comes after Beales was among the worst-hit of the Italian stores that closed in the country, with more than 400 stores in the city having been shuttered.