Kiko UK Limited (Appellant/Claimant) v Pianoforte Holding SpA (Respondent/Defendant)
Tuesday 24 February 2026
By Appellant’s Notice filed on 11 July 2025 Appellant appeals the decision of the High Court delivered on 20 June 2025.
Kiko UK Ltd was the former tenant of 48 Oxford Street under a 2016 lease. In 2019 it assigned the lease to Jamino Ltd, giving an Authorised Guarantee Agreement (AGA), while Jamino’s parent, Pianoforte Holdings S.p.A., provided a Parent Company Guarantee (PCG). When Jamino stopped paying rent, Kiko paid the landlord under the AGA and sought reimbursement from Pianoforte.
A 2022 settlement agreement included a conditional £170,492.18 discount, but Pianoforte failed to comply with the payment schedule, forfeiting the reduction. In 2024 Jamino entered liquidation and disclaimed the lease, requiring Kiko to take a new lease.