Losses continue to plague the conglomerate's fashion businesses, including Valentino, GFT, and Fila

-- Unhappy investors led by Fiat Honorary Chairman Gianni Agnelli insist that HdP's management spin off unprofitable units and introduce new rules for corporate governance by Dec. 15

-- Overpaid for fashion icon Valentino in 1998, making it difficult to find a buyer

-- HdP management's main shareholder ally, Mediobanca, is under attack on other fronts and is losing power rapidly

Data: BusinessWeek

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