The famous Mas, the Statuto department store, a symbol of the Esquilino building, is now on sale. According to the online advertisement, the property, six storeys and 6 thousand Sq m, is worth 17 million and it needs renovation work. But the story of Mas is priceless. It opened at the beginning of the last century as a luxury department store; then, thanks to the intuition of its founder and owner Giovanni Pezone, recently passed away, became the forerunner of the outlets, as well as a cult symbol for the Rome vintage. The decline started a few years ago with the transfers to a company to another, the troubles with the justice of the widow of Pezone and the mortgages with Bnl. A couple of months ago the store closed down for good and now the final conclusion with the sale of the building.
Source: la Repubblica
Translator: Cristina Ambrosi