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Italië

Prada has high expectations for 2018, despite lower turnover

Fashion company Prada saw its turnover drop by 3.6 % in 2017. However, its forecast for the current fiscal year is high as last year already ended on a better note.

Duvel Moortgat adds Italian brewery
  • Published in Food

Duvel Moortgat increased its minority stake in Italian brewery Birrificio del Ducato to 70 %. The Belgian brewery, known for Vedett, has been part of the brewery near Parma since 2016.

Aldi turns gaze towards Italy
  • Published in Food

Aldi is ready to conquer the Italian market next month: it will instantly open ten new stores in the Southern European country, alongside its first distribution center near Verona.

Lower turnover and new CEO for Geox

Italian shoe brand Geox’ turnover dropped slightly in the past fiscal year. It also replaced former CEO Gregorio Borgo with Matteo Mascazzini, who came from Italian fashion brand Gucci.

Record turnover for Yoox Net-a-Porter in 2017

Online retailer Yoox Net-a-Porter (YNAP) achieved a record turnover in 2017, surpassing two billion euro. That is a growth of more than 10 % compared to the year before, when it just missed that milestone.

Gucci opens restaurant and museum in Florence

Fashion brand Gucci has opened a museum and a restaurant for fifty people in Florence. Three-star chef Massimo Bottura will serve high-quality meals there. A dish will cost between 20 and 30 euro.

Italian Amazon employees are protesting during the holiday season

Employees at Amazon’s distribution center near Piacenza (in Italy) do not want to work overtime for the remainder of the year because they feel the holiday season puts too much pressure on them.

Hat manufacturer Borsalino went bankrupt

Famous Italian hat manufacturer Borsalino is now bankrupt. The Allessandria court disapproved the legendary hat maker’s restructuring plan yesterday.

Gucci investigated for tax avoidance

The Italian police raided Gucci’s offices in Milan and Florence, looking for evidence of tax avoidance. The fashion label admitted there was an investigation and that it is fully cooperating.

Benetton moves back to its roots

Luciano Benetton, founder of the Italian fashion chain, will take back control at the age of 82. He wants to return his company to its former glory: “The decay is unbearable”, he announced in the La Repubblica paper.

Italian Food-focused theme park opens in Bologna
  • Published in Food

Fans of Italian cuisine have to head to Italian Bologna, where Eataly World opened, a theme park focused on Italian pasta, wine, pizza and more.

Italian gelato is European market leader
  • Published in Food

Italian cuisine is revered all across the globe, with people often thinking of pizza and pasta. However, Italians also have an ironclad reputation when it comes to ice cream. This is also reflected in sales, as Italians are the European market leader.

Versace ends fiscal year with a loss

In its past fiscal year, fashion brand Versace still suffered a 7.4 million euro loss despite higher turnover. It managed a 15.3 million euro profit the year before, but higher costs cut into its profit last year.

Algorithm creates new label designs for Nutella
  • Published in Food

Nutella used an algorithm to create seven million new label designs for its packaging. Every label was only used once and consumers who bought one, now own a unique piece.

Strong growth for Italian fashion brand Moncler

Italian fashion brand Moncler performed well in 2017’s first quarter. Its retail sales grew considerably, especially in Europe. It has 191 stores all across the world.

Roberto Cavalli experiences huge turnover drop

Italian fashion label Roberto Cavalli faced the brunt of a huge restructuring program in 2016, which cost a lot of money and resulted in a 55 million euro loss for the year.

Benetton Fashion Company CEO resigns

Marco Airoldi will no longer be Benetton Fashion Company’s CEO after the annual shareholders’ meeting, scheduled for 16 May. He had been CEO since 2014 and led the brand’s restructuring program over the past few years.

Stable results for Italian fashion group OTB

Italian fashion group OTB, which owns brands like Diesel, Viktor&Rolf and Maison Margiela, performed almost identically in 2016 compared to 2015. Its flagship brand Diesel underperformed, but its premium brands were able to offset Diesel's weaker performance.

Glass manufacturer Luxottica merges with lens manufacturer Essilor

Italian glass manufacturer Luxottica, known for brands like Ray-Ban and Oakley, will merge with French lens manufacturer Essilor to create a company with a market value that approaches 50 billion euro.