Italian fashion influencer and businesswoman Chiara Ferragni on Wednesday was acquitted of fraud by a criminal court in Milan over a charity Christmas cake and a chocolate Easter egg she endorsed at the end of a fast-track trial.

The case regarded alleged misleading advertising linked to the sales of a Balocco 'Pink Christmas' Pandoro and Dolci Preziosi Easter eggs in 2021 and 2022.

Consumers were allegedly led to believe they would contribute to charitable causes by buying the products when, in fact, the financial contributions to them had already been made and did not depend on the sales of the items.

"We are all moved," said a visibly emotional Ferragni, a 38-year-old who has millions of followers on social media, outside the courtroom after the verdict.

"I thank everyone - my lawyers and my followers.