United States

Claudia Cristoferi

New investor Del Vecchio challenges Mediobanca's strategy

Oct 09 2019

MILAN Eyewear tycoon Leonardo Del Vecchio on Wednesday urged Mediobanca to build up its investment banking business in a challenge to venerable merchant bank's strategy, nearly a month after he snapped up a 7% stake that stunned corporate Italy.

UPDATE 3-Italy's Bio-on slashes 2019 sales forecast, blames U.S. hedge fund

Oct 01 2019

* Bio-on to unveil new business plan (Adds Quintessential statement, paragraphs 7-8)

Dolce & Gabbana sees sales slowdown in China after ad backlash

Aug 27 2019

MILAN Italian fashion house Dolce & Gabbana expects sales in China to fall in the current fiscal year after a slowdown in 2018-19, in a sign the brand is still struggling to shake off the fallout from a controversial advertising campaign in the country.

Exclusive: Third Point builds stake in Ray-Ban maker EssilorLuxottica - sources

Aug 26 2019

Third Point LLC, the U.S. hedge fund that has pushed for changes at companies ranging from Nestle SA to Campbell Soup Co , has amassed a stake in Ray-Ban maker EssilorLuxottica SA , people familiar with the matter said on Sunday.

Italy's Ferragamo confirms sales recovery with second-quarter figures

Jul 30 2019

MILAN Sales at Italy's luxury group Salvatore Ferragamo rose for the second quarter in a row in the three months to June, driven mainly by consumers in China, confirming a recovery trend in the first part of the year.

Italy's Armani sees first signs of recovery after 2018 sales fall

Jul 26 2019

MILAN Sales at Italian fashion group Giorgio Armani fell for the third year in a row in 2018, although the company said that its restructuring strategy had begun to pay off this year.

Vuitton, Moncler set high bar for luxury goods peers

Jul 24 2019

PARIS/MILAN Jacket maker Moncler joined Louis Vuitton owner LVMH on Wednesday in reporting a pick up in sales growth in the second quarter, as the luxury firms capitalized on strong Chinese demand and investments in marketing and new designs.

Blackstone pursuing RCS owner for up to $600 million over HQ sale: source

May 02 2019

MILAN Blackstone Group is seeking up to $600 million in damages from the chairman and controlling shareholder of Italian publisher RCS Mediagroup over a disputed property sale, a source close to the fund said on Thursday.

Tod's e-commerce surge shows turnaround is working, CEO says

Apr 18 2019

SANT'ELPIDIO A MARE, Italy Turnaround efforts at Italian luxury group Tod's are starting to bear fruit with e-commerce sales growing at a "high-double digit" pace, owner and Chief Executive Diego Della Valle told shareholders on Thursday.

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