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REUTERS/Russell Cheyne/File Photo Acquire Licensing RightsSummaryCompanies Saudi Arabia's PIF buys into Rocco Forte hotel groupPlans to help expand luxury hotel groupItalian investor CDPE checks out of chainDec 4 (Reuters) - Saudi Arabia's PIF sovereign wealth fund will buy a 49% stake in luxury hotel group Rocco Forte Hotels and help to support its expansion, the owner of Britain's Balmoral hotel said on Monday. A spokesperson for Rocco Forte Hotels declined to confirm the size of PIF's stake. Rocco Forte Hotels, founded in 1996, operates across Italy, Britain, Germany, Belgium and Russia and has 20 private villas in addition to its hotels. CDPE, which owned a 23% stake in Rocco Forte Hotels, is owned by Italy's state-backed fund CDP. Rocco Forte, which was advised by Rothschild, reported revenues of around 300 million pounds last fiscal year, with a core profit of around 60 million pounds, according to a source.

Persons: Russell Cheyne, Companies Saudi Arabia's PIF, Rocco Forte, CDPE, Olga Polizzi, Forte, Rocco Forte Hotels, Al Nowaiser, PIF, Rothschild, Yadarisa, Elisa Anzolin, Keith Weir, Dhanya Ann Thoppil, Nivedita Bhattacharjee, Alex Richardson Organizations: REUTERS, Companies Saudi Arabia's, Saudi Arabia's, Rocco Forte Hotels, Financial Times, Granada, Thomson Locations: Balmoral, Scotland, Edinburgh, Britain, Saudi, Italy, Germany, Belgium, Russia, Milan, Sardinia, Italy's, SAUDI ARABIA, Saudi Arabia, Bengaluru, London

Even including the sale of Heathrow, this year is the slowest for airport transactions in the past decade, totalling $5.9 billion globally to date, according to Dealogic data. They have hired Mediobanca (MDBI.MI) and Credit Agricole (CAGR.PA) to find a buyer for a sale of their 49% stake in the company, the people said. Heathrow's sale valued the airport at 14.3 times EBITDA, according to JP Morgan analysis published on Wednesday. UK's Esken (ESKN.L), owner of regional Southend Airport, said in June it had started a process for the sale of the airport. On Thursday, Hungary's state-owned Corvinus and Vinci Airports notified the European Commission of a proposed joint takeover of Budapest's airport, according to a document posted on the EU website.

Persons: Andras Kranicz, GIP, Australia's Macquarie, Spain's, Ferrovial, Agata Lyznik, Mediobanca, Gianni, Origoni, Nico Torrisi, Morgan, UK's, France's Vinci, Vinci, Corvinus, Emma, Victoria Farr, Andres Gonzalez, Elisa Anzolin, Joanna Plucinska, Mathieu Rosemain, Anousha Sakoui, Elaine Hardcastle Organizations: LONDON, Heathrow, BNP, Global Infrastructure Partners, AGS Airports, Southampton, Australia's, International, ACI, Airports, Macquarie, Credit Agricole Assurance, 2i, Credit, SAC, Gatwick, Southend Airport, Global Infrastructure Fund, Vinci Airports, European Commission, EU, Thomson Locations: Edinburgh, Italy, FRANKFURT, Spanish, Europe, Aberdeen, Glasgow, Heathrow, France, Hungary's, Budapest's

☆ Gucci employees in Rome go on strike over creative office move
▼ + stars: | 2023-11-27 | by ( ) www.reuters.com time to read: +1 min

A Gucci sign is seen outside a shop in Rome, April 20, 2023. REUTERS/Remo Casilli/File Photo Acquire Licensing RightsMILAN, Nov 27 (Reuters) - A few dozen employees at fashion house Gucci in Rome went on strike on Monday against the company's decision to move its design office from the Italian capital to Milan. Labour union CGIL's regional office said Gucci's decision was not supported by objective reasons, making hard not to think the real goal was to cut staff. The transfer "does not involve any staff reductions", a spokesperson for Gucci told Reuters. Following the departure of creative director Alessandro Michele in 2022, Gucci owner Kering (PRTP.PA) changed the label's top management, as it seeks to reignite sales momentum at its largest brand.

Persons: Remo Casilli, Gucci, Alessandro Michele, Kering, Elisa Anzolin, Mark Potter Organizations: REUTERS, Labour, CGIL's, Reuters, Thomson Locations: Rome, Milan

☆ Amazon hit by strikes, protests across Europe during Black Friday trade
▼ + stars: | 2023-11-24 | by ( ) www.reuters.com time to read: +3 min

"Make Amazon Pay", a campaign coordinated by the UNI Global Union, said strikes and protests would take place in more than 30 countries from Black Friday - the day after the U.S. Thanksgiving holiday, when many retailers slash prices to boost sales - through to Monday. In Germany, Amazon's second-biggest market by sales last year, around 250 workers were on strike at a Leipzig warehouse and around 500 at an Amazon warehouse in Rheinberg, trade union Verdi said on Friday. More than 200 workers were striking on Friday at Amazon's warehouse in Coventry, England as part of a long-running dispute over pay. The striking workers were chanting their demand for a pay rise to 15 pounds ($18.69) an hour. Amazon has remained popular in Europe even as rivals like Shein and Temu have seen rapid growth.

Persons: Amazon's, Verdi, Nick Henderson, Amazon, CGIL, CCOO, Helen Reid, James Davey, Phil Noble, Matthias Inverardi, Elisa Anzolin, Corina Pons, Sharon Singleton Organizations: UNI Global Union, U.S, Amazon, Castel, Reuters Graphics, Thomson Locations: Europe, U.S, Germany, Leipzig, Rheinberg, Amazon's, Coventry, England, Castel San Giovanni, France, London, Dusseldorf, Milan, Madrid

☆ Amazon protests in Europe target warehouses, lockers on busy Black Friday
▼ + stars: | 2023-11-24 | by ( ) www.reuters.com time to read: +3 min

On Black Friday, the day after the U.S. Thanksgiving holiday, many retailers slash prices to boost sales. More than 1,000 workers at Amazon's warehouse in Coventry, England, will strike on Friday, according to trade union GMB, as part of a long-running dispute over pay. Many Amazon shoppers use its lockers, which are located in train stations, supermarket car parks, and street corners, to receive their orders. Attac, which calls Black Friday a "celebration of overproduction and overconsumption", said it expects the protest to be wider than last year, when it estimates 100 Amazon lockers across France were targeted. "Make Amazon Pay", a global campaign coordinated by UNI Global Union, said strikes and protests would take place in more than 30 countries from Black Friday through to Monday.

Persons: Pascal, Amazon's, Verdi, CGIL, CCOO, Helen Reid, James Davey, Matthias Inverardi, Elisa Anzolin, Corina Pons, Sharon Singleton Organizations: Workers, U.S, Amazon, GMB, Trade, Amazon's, Castel, UNI Global Union, Thomson Locations: Boves, France, Europe, U.S, Germany, Bad Hersfeld, Dortmund, Koblenz, Leipzig, Amazon's, Coventry , England, London, Castel San Giovanni, Black, Dusseldorf, Milan, Madrid

☆ Amazon hit by strikes, protests across Europe during Black Friday
▼ + stars: | 2023-11-24 | by ( ) www.reuters.com time to read: +4 min

In England, more than 200 workers were striking on Friday at Amazon's warehouse in Coventry as part of a long-running dispute over pay. The striking workers were chanting their demand for a pay rise to 15 pounds ($18.69) an hour. [1/4]People hold a banner during a Black Friday strike outside the Amazon warehouse, in Coventry, Britain November 24, 2023. Spanish union CCOO called for Amazon warehouse and delivery workers to stage a one-hour strike on each shift on "Cyber Monday" next week. Amazon has remained popular in Europe even as rivals like Shein and Temu have seen rapid growth.

Persons: Amazon's, Verdi, Nick Henderson, Phil Noble, Amazon, CGIL, CCOO, Helen Reid, James Davey, Matthias Inverardi, Elisa Anzolin, Corina Pons, Nick Zieminski, Jason Neely Organizations: UNI Global Union, U.S, Amazon, REUTERS, Reuters Graphics, Thomson Locations: Europe, U.S, Germany, Rheinberg, Leipzig, England, Amazon's, Coventry, Britain, Italy, Castel San Giovanni, Spanish, France, London, Dusseldorf, Milan, Madrid

☆ Blackstone, Macquarie deny ASPI sale report, pledge commitment
▼ + stars: | 2023-11-17 | by ( ) www.reuters.com time to read: +2 min

Signage is seen outside the Blackstone Group headquarters in New York City, U.S., January 18, 2023. REUTERS/Jeenah Moon/File Photo/File Photo Acquire Licensing RightsMILAN, Nov 17 (Reuters) - Blackstone and Macquarie on Friday dismissed as "completely false" an Italian newspaper report about possible ownership changes at Autostrade per l'Italia (ASPI), pledging their commitment as investors in the motorway operator. Following the 2022 deal, ASPI is controlled by state-lender CDP with funds Blackstone (BX.N) and Australia's Macquarie (MQG.AX). Under JPMorgan's plan ASTM would transfer its assets to ASPI whose shareholders would be CDP, Gavio group and Blackstone. In denying the report, Macquarie said it was committed to the "ongoing delivery of ASPI's multi-billion euro investment programme".

Persons: JP Morgan, Italy's, ASPI, Australia's Macquarie, Macquarie, Blackstone, Matteo Salvini, Elisa Anzolin, Giuseppe Fonte, Valentina Za Organizations: Blackstone Group, REUTERS, Blackstone, La Stampa, ASTM, Benetton, Shareholders, Reuters, Thomson Locations: New York City, U.S, Macquarie, Ardian, Milan, Rome

☆ Focus: Giorgio Armani fashions his own legacy with succession plan
▼ + stars: | 2023-11-15 | by ( Elisa Anzolin | ) www.reuters.com time to read: +6 min

[1/5] Giorgio Armani appears at the Emporio Armani Spring/Summer 2024 collection fashion show during Milan Fashion Week in Milan, Italy, September 21, 2023. All are currently board members and, apart from Rosanna, all work for the Armani group. The Armani group has almost 9,000 employees. Any eventual stock market listing requires the favourable vote of the majority of directors "after the fifth year following the entry into force of this statute". The Armani group declined to comment on a potential listing in the mid-term.

Persons: Giorgio Armani, Claudia Greco, Armani, Pantaleo Dell'Orco, Guido Corbetta, Rosanna, Silvana, Roberta, Andrea Camerana, Dell'Orco, women's, Bernard Arnault, Sergio Galeotti, Hans Wilsdorf, Gucci, Corbetta, outlast, Elisa Anzolin, Keith Weir, Alexander Smith Organizations: Milan, REUTERS, Reuters, Milan's Bocconi University, Armani, Entertainment, VIP Relations, Rolex, Kering, Thomson Locations: Milan, Italy, MILAN

☆ Asia helps Moncler sales to meet forecasts in third quarter
▼ + stars: | 2023-10-26 | by ( ) www.reuters.com time to read: +1 min

[1/3] Moncler logo is seen displayed in this illustration taken, May 3, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsMILAN, Oct 26 (Reuters) - Sales at Italian luxury group Moncler (MONC.MI) rose 7% at constant exchange rates in the third quarter, meeting analyst expectations, thanks to growth in Asia and despite a decline in the Americas. Total sales reached 670 million euros ($705 million) in the July-September period, matching an analyst consensus provided by the company. The Moncler brand, which generates the largest part of group revenues, saw sales rise 9% at constant exchange rates, to 561 million euros, boosted by 22% growth in Asia. In the EMEA region, Moncler brand revenues grew 6% at constant exchange rates, "due to a normalisation in local consumption and a slower recovery of tourism flows compared to the first part of the year", the company said in a statement.

Persons: Dado Ruvic, Luciano Santel, Elisa Anzolin, Alvise Armellini, Keith Weir Organizations: REUTERS, Corporate, Thomson Locations: Asia, Americas

☆ Nexi shares fail to open on bid report as CVC declines to comment
▼ + stars: | 2023-10-18 | by ( ) www.reuters.com time to read: +2 min

Bloomberg reported on Tuesday that CVC was in the early stages of considering a possible bid for Nexi, Europe's largest payments company by volume of transactions. Nexi shares have lost 22% this year, adding to a 47% drop in 2022 and stoking speculation about potential takeover interest. By 0730 shares in Nexi were indicated up 16.7% at 6.72 euros a share, not far from a record low of 5.25 euros a share hit earlier this month. The presence of shareholder funds which will eventually need to liquidate their investment and the depressed share price have fuelled persistent speculation about Nexi's future. The government has powers to block any unwanted interest over a company such as Nexi, considered of strategic national interest.

Persons: Alessandro Garofalo, Friedman, Bain, Elisa Anzolin, Giancarlo Navach, Valentina Za, Cristina Carlevaro, Gavin Jones Organizations: REUTERS, CVC Capital Partners, Bloomberg, Nexi, Nets, Thomson Locations: Milan, Italy, Nexi

☆ Moschino names former Gucci designer Renne creative director
▼ + stars: | 2023-10-16 | by ( ) www.reuters.com time to read: +1 min

A model presents a creation from the Moschino Spring/Summer 2024 collection during Fashion Week in Milan, Italy, September 21, 2023. REUTERS/Claudia Greco/File photo Acquire Licensing RightsMILAN, Oct 16 (Reuters) - Italian fashion group Aeffe (AEF.MI) said on Monday that former Gucci's head designer of womenswear Davide Renne would be the new creative director of its Moschino brand starting on Nov. 1. Renne will take the place of Jeremy Scott, who stepped down after a decade as Moschino's creative director, the group said. Renne will make his debut during February's 2024 Milan Fashion Week with the Fall/Winter 24-25 collection. "We are confident that he will play a pivotal role in shaping the future of Moschino," Aeffe executive chairman Massimo Ferretti said in a statement.

Persons: Claudia Greco, womenswear Davide Renne, Jeremy Scott, Massimo Ferretti, Alberta Ferretti, Lorenzo Serafini, Elisa Anzolin, Bernadette Baum Organizations: REUTERS, February's, Alberta, Thomson Locations: Milan, Italy, Aeffe

Research shows women in richer economies are more likely to have children if they work. Prime Minister Giorgia Meloni - Italy's first female premier - has said women are "an untapped resource" that lessens the need for immigrant labour. Yet her conservative government's 2024 budget, to be presented on Monday, is not expected to include measures to drive change. According to a government report relating to 2021, nearly one in five Italian women aged under 50 left their job after having their first child. SPANISH SUCCESSMeloni's government could learn from Spain, whose female activity rate lagged Italy's in the early 1990s but is now above the EU average.

Persons: Guzzo, Vittoria, Claudia Greco, Elena, Claudia Goldin, Giorgia Meloni, Claudia Olivetti, Enza Guzzo, Gian Carlo Blangiardo, Blangiardo, Giancarlo Giorgetti, Olivetti, Paola Profeta, Katharine Neiss, Valentina Za, Elisa Anzolin, Giuseppe Fonte, Catherine Evans Organizations: REUTERS, European Union, Reuters, Research, Dartmouth College, ISTAT, Bank of, EU, France's, Milan's Bocconi University, AXA Research, Treasury, Thomson Locations: Arese, Italy, MILAN, Bank of Italy, Rome, Barcelona, Spain, Milan

☆ Italy's Intesa Sanpaolo says it will invest in SpaceX
▼ + stars: | 2023-10-06 | by ( ) www.reuters.com time to read: 1 min

[1/2] The logo of bank Intesa Sanpaolo is seen in Milan, Italy, January 18, 2016. REUTERS/Stefano Rellandini/File Photo Acquire Licensing RightsMILAN, Oct 6 (Reuters) - Italy's biggest bank Intesa Sanpaolo (ISP.MI) said on Friday it had decided to invest in US billionaire Elon Musk's space company SpaceX. Intesa Sanpaolo recognizes "the aerospace sector as having a particularly important role in the development of world economies and has therefore decided to invest in a player that has demonstrated a cutting-edge vision of the near future", the bank said in a statement. The size of the investment was not disclosed. Reporting by Elisa Anzolin, editing by Alvise ArmelliniOur Standards: The Thomson Reuters Trust Principles.

Persons: Stefano Rellandini, Elon, Intesa Sanpaolo, Elisa Anzolin, Alvise Organizations: REUTERS, SpaceX, Thomson Locations: Milan, Italy

☆ Italy's IP and Macquarie create JV to install EV charging stations
▼ + stars: | 2023-10-05 | by ( ) www.reuters.com time to read: 1 min

MILAN, Oct 5 (Reuters) - Italian petrol pumps group IP and Macquarie Capital (MBLCF.UL) said on Thursday they would create a joint venture to install charging stations for electric vehicles (EV) in 510 IP service areas across Italy. The stations will allow EV users to recharge their vehicles in about 15 minutes, the two companies said in a statement. Mediobanca acted as the sole advisor for the deal, the statement added. Reporting by Elisa Anzolin, editing by Alvise ArmelliniOur Standards: The Thomson Reuters Trust Principles.

Persons: Mediobanca, Elisa Anzolin, Alvise Organizations: MILAN, Macquarie Capital, EV, Thomson Locations: Italy

☆ Prada and Axiom Space collaborate to design NASA's lunar spacesuits
▼ + stars: | 2023-10-04 | by ( ) www.reuters.com time to read: 1 min

Prada signage is seen at their store at the Woodbury Common Premium Outlets in Central Valley, New York, U.S., February 15, 2022. REUTERS/Andrew Kelly/File photo Acquire Licensing RightsMILAN, Oct 4 (Reuters) - Italian luxury group Prada (1913.F) and Texas-based startup Axiom Space will collaborate to design NASA's lunar spacesuits for the Artemis III mission planned for 2025, the two companies said on Wednesday. Prada's engineers will work alongside the Axiom Space systems team throughout the design process, developing solutions for materials and design features to protect astronauts against the challenge of space and the lunar environment, they said in a joint statement. Axiom has a contract with U.S. space agency NASA to develop spacesuits for use on the moon and other space programmes. Reporting by Elisa AnzolinOur Standards: The Thomson Reuters Trust Principles.

Persons: Andrew Kelly, Artemis, Elisa Anzolin Organizations: Prada, Woodbury, REUTERS, U.S, NASA, Thomson Locations: Central Valley , New York, U.S, Texas

☆ Prada and Axiom Space Collaborate to Design NASA's Lunar Spacesuits
▼ + stars: | 2023-10-04 | by ( Oct. | At A.M. | ) www.usnews.com time to read: 1 min

MILAN (Reuters) - Italian luxury group Prada and Texas-based startup Axiom Space will collaborate to design NASA's lunar spacesuits for the Artemis III mission planned for 2025, the two companies said on Wednesday. Prada's engineers will work alongside the Axiom Space systems team throughout the design process, developing solutions for materials and design features to protect astronauts against the challenge of space and the lunar environment, they said in a joint statement. Axiom has a contract with U.S. space agency NASA to develop spacesuits for use on the moon and other space programmes. (Reporting by Elisa Anzolin)

Persons: Artemis, Elisa Anzolin Organizations: MILAN, Prada, U.S, NASA Locations: Texas

☆ Giorgio Armani offers soft, fluid looks at Milan Fashion Week
▼ + stars: | 2023-09-24 | by ( ) www.reuters.com time to read: +1 min

[1/5] Italian designer Giorgio Armani appears at the end of Giorgio Armani Spring/Summer 2024 collection show, during Milan Fashion Week in Milan, Italy, September 24, 2023. REUTERS/Claudia Greco Acquire Licensing RightsMILAN, Sept 24 (Reuters) - Italian designer Giorgio Armani presented soft, fluid looks at Milan Fashion Week on Sunday, offering plenty of lightness and shimmer for women's wardrobes next summer. The 89-year-old fashion veteran opened the show, called "Vibes", with a champagne satin jacket and satin grey trousers. Satin trousers featured heavily in the Spring/Summer 2024 line, often paired with sheer blouses, light jackets and sparkling tops. For the evening, there were plenty of shimmering looks - sparkling tops, skirts and trousers, the last of which were white.

Persons: Giorgio Armani, Claudia Greco, women's wardrobes, ″ Armani, Armani, Emporio Armani, Elisa Anzolin, Marie, Louise Gumuchian, David Holmes Organizations: Milan, REUTERS, Thomson Locations: Italian, Milan, Italy

☆ All black and white looks rule Dolce & Gabbana catwalk in Milan
▼ + stars: | 2023-09-23 | by ( ) www.reuters.com time to read: +1 min

[1/6] Models present creations from the Dolce & Gabbana Spring/Summer 2024 collection during Milan Fashion Week in Milan, Italy, September 23, 2023. REUTERS/Alessandro Garofalo Acquire Licensing RightsMILAN, Sept 23 (Reuters) - Italian luxury label Dolce & Gabbana presented a mainly black and white collection at Milan Fashion Week on Saturday, deconstructing tuxedos to present an array of dresses and suits for women next spring. Designers Domenico Dolce and Stefano Gabbana dressed models in see-through black lace dresses and black jackets worn with micro shorts. A selection of all white suits, jackets and lace dresses also featured in the spring/summer 2024 collection, as did dabs of leopard print on shiny macs and dresses. Milan Fashion Week, where the likes of industry heavyweights Giorgio Armani, Versace, Gucci and Prada present their collections, ends on Monday.

Persons: Alessandro Garofalo, Gabbana, deconstructing tuxedos, Domenico Dolce, Stefano Gabbana, Giorgio Armani, Versace, Gucci, Prada, Marie, Louise Gumuchian, Elisa Anzolin, Alexandra Hudson Organizations: Dolce, Gabbana, Milan, REUTERS, Alexandra Hudson Our, Thomson Locations: Milan, Italy

"Gucci is the opportunity to fall in love with fashion, ancora," De Sarno said in a post on Instagram in the run-up to the show, using the Italian word for "again." Debut collections can generate mixed reactions, and even positive press reviews are not always a proxy for their future commercial success. Kering shares closed 1.5% higher after the show. At their current price, Kering shares are trading at the equivalent of around 14 times expected earnings over the next 12 months, according to LSEG data. Reporting by Mimosa Spencer and Elisa Anzolin, editing by Silvia AloisiOur Standards: The Thomson Reuters Trust Principles.

Persons: Sabato De Sarno, Kering, De Sabato, Kenneth Richard, Federico Giglio, Giglio.com, Gucci, De Sarno, De, Antoine Belge, Francois, Henri Pinault, Julia Roberts, Ryan Gosling, Louis, Dior, Alessandro Michele, Marco Bizzarri, Jean, Hermes, Mimosa Spencer, Elisa Anzolin, Silvia Aloisi Organizations: luxe, Reuters, Exane BNP, fashion's, Louis Vuitton, Moncler, Thomson Locations: Milan, Italy, New York, Chengdu, Bangkok, London, Brera

☆ Fringes and slime at Prada Milan Fashion Week show
▼ + stars: | 2023-09-21 | by ( ) www.reuters.com time to read: +2 min

[1/5] A model presents a creation from the Prada Spring/Summer 2024 collection during Fashion Week in Milan, Italy, September 21, 2023. REUTERS/Alessandro Garofalo Acquire Licensing RightsMILAN, Sept 21 (Reuters) - Models walked amid slime falling from the ceiling at Prada's catwalk show on Thursday, as the Italian luxury label presented its latest womenswear collection at Milan Fashion Week. Designers Miuccia Prada and Raf Simons opened the Spring/Summer 2024 show with an all-grey shirt and shorts look, worn with a patterned scarf on top. Milan, which will host shows by other fashion heavyweights including Giorgio Armani, Gucci, Dolce & Gabbana and Versace, is the third leg of the month-long Spring/Summer 2024 catwalk calendar that began in New York in early September. Milan Fashion Week runs until Monday.

Persons: Alessandro Garofalo, Miuccia Prada, Raf Simons, Miu Miu, Scarlett Johansson, Emma Watson, Benedict Cumberbatch, Vincent Cassel, Simons, Fabio Zambernardi, Giorgio Armani, Gucci, Versace, Marie, Louise Gumuchian, Elisa Anzolin, Christina Fincher Organizations: Prada, REUTERS, Milan Fashion, Dolce, Milan, Thomson Locations: Milan, Italy, Hong Kong, New York, London, Paris

☆ Fendi kicks off Milan's womenswear week with Roman ease
▼ + stars: | 2023-09-20 | by ( ) www.reuters.com time to read: +2 min

MILAN, Sept 20 (Reuters) - Milan kicked off its catwalk calendar on Wednesday, with Italian luxury label Fendi exploring the "ease of dressing with a certain Roman freeedom" at its womenswear fashion show. Milan Fashion Week follows New York and London events in which designers have been presenting their creations for spring/summer 2024. A patchwork of fabrics recreated Fendi's F logo on coats and dresses through "a playful and abstract exploration" of the symbol Karl Lagerfeld created in 1966, a year after joining the Roman brand as creative director. Milan Fashion Week includes 62 physical fashion shows of spring summer collections. Milan fashion week will mark the debut of Sabato De Sarno as creative director of Gucci, Peter Hawkings as creative director of Tom Ford, and Simone Bellotti as creative director of Bally.

Persons: Kim Jones, mohair, Karl Lagerfeld, Fendi, Jones, Giorgio Armani, Prada, Versace, Sabato De Sarno, Gucci, Peter Hawkings, Tom Ford, Simone Bellotti, Elisa Anzolin, Valentina Za Organizations: Milan, New, Bally, Thomson Locations: New York, London, Fendi, Rome, Milan

☆ Moschino close to naming new creative director, owner says
▼ + stars: | 2023-09-20 | by ( ) www.reuters.com time to read: +1 min

A model presents a creation from the Moschino Fall/Winter 2023/2024 collection during Fashion Week in Milan, Italy, February 23, 2023. REUTERS/Alessandro Garofalo/File Photo Acquire Licensing RightsMILAN, Sept 20 (Reuters) - Italy's fashion label Moschino will hire its new creative director in the next few weeks, said Massimo Ferretti, the executive chairman at Aeffe (AEF.MI), which owns the brand. Jeremy Scott stepped down as creative director last March after a decade in the role. "The new creative director will take care of the new collection," Ferretti said on Wednesday, speaking on the sidelines of an Alberta Ferretti fashion show. Aeffe also owns the Alberta Ferretti, Philosophy by Lorenzo Serafini and Pollini brands.

Persons: Alessandro Garofalo, Massimo Ferretti, Jeremy Scott, Ferretti, Alberta Ferretti, Aeffe, Lorenzo Serafini, Elisa Anzolin, Crispian Balmer Organizations: REUTERS, Alberta, Thomson Locations: Milan, Italy, Aeffe, Alberta

MILAN/PARIS, Sept 19 (Reuters) - Gucci creative director Sabato De Sarno takes to the runway in Milan on Friday, in a high-stakes designer debut for the Italian label’s owner, French luxury group Kering (PRTP.PA). De Sarno’s Gucci catwalk presentation – one of the industry’s most highly-anticipated shows this year – will serve as an aesthetic reset for the brand, aimed at reigniting sales, but it is also the first major test of a sweeping overhaul at Kering. The group has also taken steps to broaden its revenue sources, announcing plans to buy high end perfumer Creed in June and a 30% stake in fashion label Valentino in July. “We don’t think that a margin reset would be badly received by the market,” said Carole Madjo, analyst with Barclays. Reporting by Mimosa Spencer and Elisa Anzolin Editing by Tomasz JanowskiOur Standards: The Thomson Reuters Trust Principles.

Persons: Gucci, Sabato De Sarno, De Sarno’s Gucci, Valentino, Louis, Jean, Francois Palus, Marco Bizzarri, De Sarno’s, Bizzarri, Alessandro Michele, De Sarno's, Sabato De Sarno's, ”, Carole Madjo, Daria Werbowy, Luca Solca, Bernstein, Mimosa Spencer, Elisa Anzolin, Tomasz Janowski Organizations: MILAN, Louis Vuitton, Dior . Group, Gucci, RBC, Barclays, De, Thomson Locations: PARIS, Milan, Kering

[1/2] A bartender pours a drink at a Campari inauguration of a new brand house for Aperol, its best-selling beverage, in Venice. Shares in Campari fell by more than 5% in Milan after the departure of Kunze-Concewitz, who is 56, was announced. Under Kunze-Concewitz, Campari roughly tripled its net sales and profitability, investing around 3 billion euros ($3.2 billion) on acquisitions. Sales of Aperol have increased by 12 times since 2007 and it has become the group's largest brand. Kunze-Concewitz, an Austrian citizen who was born in Istanbul, will remain as a non-executive director at Campari.

Persons: Manuel Silvestri, Bob Kunze, Matteo Fantacchiotti, Kunze Concewitz, Fantacchiotti, Italy's, Cristina Carlevaro, Elisa Anzolin, Keith Weir, Jason Neely, Alexander Smith Organizations: REUTERS, Asia Pacific, Nestle, Diageo, Carlsberg, Jefferies, Reuters, Thomson Locations: Aperol, Venice . Italy, Italian, Campari, Milan, Asia, Austrian, Istanbul

☆ Asia, Europe provide impetus for Prada in first half
▼ + stars: | 2023-07-27 | by ( ) www.reuters.com time to read: +1 min

MILAN, July 27 (Reuters) - Italy's Prada posted 20% growth at constant exchange rate in first half sales, just below consensus, but profitability jumped by more than expected. Revenues at the luxury group, listed in Hong Kong, totalled 2.232 billion euros ($2.49 billion), boosted by Asia and Europe and despite lower retail sales in the Americas. Strong momentum at its smaller Miu Miu also helped to support sales growth. Analysts expected 2.275 billion euros, according to a consensus gathered by Reuters. Adjusted earnings before interest and taxes (EBIT) jumped to 491 million euros from 305 million euros in the first six month of last year and compared to analysts' estimate of around 460 million euros.

Persons: Italy's Prada, Miu Miu, Andrea Guerra, Elisa Anzolin, Alvise Organizations: MILAN, Reuters, Thomson Locations: Hong Kong, Asia, Europe, Americas

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