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☆ Gucci staff strike over plans to relocate to Milan
▼ + stars: | 2023-11-29 | by ( Christy Choi | ) edition.cnn.com time to read: +3 min

CNN —Dozens of employees at Italian fashion house Gucci staged a strike on Monday to protest the company’s decision to move its design office from Rome to Milan. CGIL has argued that asking staff to move to Milan, approximately 300 miles north of the capital, in the first half of 2024 was tantamount to laying them off. Alessandro Garofalo/ReutersFollowing the departure of creative director Alessandro Michele in 2022, Gucci owner Kering shook up the label’s top management. While sales of luxury goods were on a tear earlier in the year, the market cooled in the second half of 2023. The designer gave the old Gucci codes a refresh sending babydoll dresses, tailored short suits, fringed skirts, hoodies and bejeweled knitwear down the runway.

Persons: Gucci, CGIL, ”, Gucci’s, Sabato De Sarno, Alessandro Garofalo, Alessandro Michele, Kering, Valentino, Marco Bizzarri, Jean, François, Yves, Yves Saint Laurent, Bottega, ” Gucci, De Sarno, “ Gucci Ancora ”, “, Julia Roberts, Ryan Gosling, Jessica Chastain, Kendall Jenner, Julia Garner, bejeweled Organizations: CNN, Reuters, Yves Saint, Gucci Locations: Rome, Milan, Bottega Veneta, Balenciaga

☆ Italy's Nexi confirms guidance after earnings meet forecasts
▼ + stars: | 2023-11-09 | by ( ) www.reuters.com time to read: +1 min

The logo of Italian payments group Nexi is pictured inside their headquarters in Milan, Italy, March 28, 2019. Nexi said it had sold ID, a system to verify users' online identity and data, which it had lined up for disposal during its latest capital markets day to streamline its operations. Nexi's earnings before interest, tax, depreciation and amortisation came in at 495.8 million euros ($531 million), fractionally ahead of analyst forecasts. Revenues totalled 872 million euros, in line with expectations. ($1 = 0.9343 euros)Reporting by Valentina Za, editing by Giulia SegretiOur Standards: The Thomson Reuters Trust Principles.

Persons: Alessandro Garofalo, Nexi, amortisation, Valentina Za, Giulia Segreti Organizations: REUTERS, Thomson Locations: Milan, Italy

☆ Nexi CEO: happy to help UniCredit on payments but contract is set
▼ + stars: | 2023-11-09 | by ( ) www.reuters.com time to read: +2 min

The logo of Italian payments group Nexi is pictured outside their headquarters in Milan, Italy, March 28, 2019. Italian payments infrastructure group SIA in 2016 signed a 10-year contract with UniCredit to manage cards and shop payments as well as cash withdrawal machines ahead of a being acquired by Nexi, which inherited the contract. Nexi finance chief Bernardo Mingrone told an analyst call on Thursday that the contract did not envisage the possibility of an early break-up. While the contract is "very solid" and runs over the long term, Nexi is "very keen to help UniCredit achieve their ambitions in payments, which are growing," Nexi CEO Paolo Bertoluzzo added. Asked whether UniCredit might dispose of its merchant acquiring business, Bertoluzzo said he would be "very surprised" if UniCredit did anything with it.

Persons: Alessandro Garofalo, Nexi, UniCredit, Andrea Orcel, Bernardo Mingrone, Mingrone, Paolo Bertoluzzo, Orcel, Jean Pierre Mustier, Bertoluzzo Organizations: REUTERS, SIA, Nexi, Thomson Locations: Milan, Italy

☆ 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

☆ Cherckerboard reigns on Versace catwalk at Milan Fashion Week
▼ + stars: | 2023-09-23 | by ( ) www.reuters.com time to read: +1 min

[1/5] Designer Donatella Versace gestures during her Spring/Summer 2023 show at Milan Fashion Week in Milan, Italy, September 23, 2022. REUTERS/Alessandro Garofalo Acquire Licensing RightsMILAN, Sept 23 (Reuters) - Checkerboard dominated Versace's catwalk at Milan Fashion Week, with designer Donatella Versace serving up the print on dresses and suits for women's wardrobes next spring. There were also denim outfits, skirt suits in darker black and white tones as well as shiny evening dresses. Famous fashion faces including models Kendall Jenner, Gigi Hadid and Claudia Schiffer featured in the show. Milan Fashion Week runs until Monday.

Persons: Donatella Versace, Alessandro Garofalo, women's wardrobes, Kendall Jenner, Gigi Hadid, Claudia Schiffer, Marie, Louise Gumuchian, Peter Graff Organizations: Milan Fashion, REUTERS, Milan, Thomson Locations: 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

☆ 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

☆ 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

☆ Italy's Banco BPM lifts 2023 profit goal after solid quarter
▼ + stars: | 2023-08-02 | by ( ) www.reuters.com time to read: +1 min

A woman walks in front of the Banca Popolare di Milano (BPM) bank in downtown Milan, Italy, January 29, 2016. REUTERS/Alessandro Garofalo/File PhotoMILAN, Aug 2 (Reuters) - Italian bank Banco BPM (BAMI.MI) on Wednesday joined bigger peers in lifting its 2023 net profit goal - the third such upgrade in as many consecutive quarters - as the sector reaps the benefits of higher interest rates. Italy's third-largest bank said it now expects a full-year net profit of at least of 1.2 billion euros, or 80 euro cents per share up from a previous 75 euro cents per share. Banco BPM said net profit for April-June came in at 359 million euros, above a 335 million analyst consensus compiled by Reuters. The bank said it would update its shareholder reward targets when it presents a new business plan by the end of December.

Persons: Alessandro Garofalo, MILAN, Andrea Mandalà, Valentina Za Organizations: Banca Popolare, REUTERS, Banco, Wednesday, Reuters, Thomson Locations: Milan, Italy

CNN —Napoli won its first Serie A title in 33 years after coming from behind to secure a 1-1 draw against Udinese at the Dacia Arena, Udine, on Thursday. The 24-year-old Nigerian scored his goal in front of the traveling Napoli fans, who celebrated the equalizer deliriously. Napoli fans gathered in Naples to watch the match against Udinese. The draw was all that was needed for the visitors who left Udine with the biggest prize in Italian football. Napoli fans ran onto the pitch to celebrate when the referee blew the full-time whistle, with players being mobbed in jubilant scenes.

☆ Black dominates at Dolce & Gabbana, Ferragamo back goes to old Hollywood
▼ + stars: | 2023-02-25 | by ( ) www.reuters.com time to read: +2 min

[1/5] A model presents a creation from the Dolce & Gabbana Fall/Winter 2023/2024 collection during Fashion Week in Milan, Italy, February 25, 2023. The duo Domenico Dolce and Stefano Gabbana opened their autumn/winter 2023-2024 show with a black sheer dress accessorised with a furry collar and black gloves. Cropped black jackets and trousers were worn with white shirts and black ties in the collection called "Sensual". Dolce & Gabbana also had shiny gold and silver designs, including draped dresses and belted macs. Milan Fashion Week wraps on Monday.

☆ Milan Fashion: Gucci revisits past to pave new way, sober looks at Tod's
▼ + stars: | 2023-02-24 | by ( ) www.reuters.com time to read: +3 min

[1/2] A model presents a creation from the Gucci Fall/Winter 2023/2024 collection during Fashion Week in Milan, Italy, February 24, 2023. One model wore a crumpled shirt tucked into a miniskirt, others were dressed in coats with voluminous shoulders. At Tod's (TOD.MI), creative director Walter Chiapponi offered a sober collection in earthy tones that played with tailoring. Models wore pea coats as well as long oversized coats, and also appeared in parkas and cropped aviator and elongated bomber jackets. Reporting by Marie-Louise Gumuchian in London and Elisa Anzolin in Milan Editing by Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

☆ Prada brings blooming flowers to designs at Milan Fashion Week
▼ + stars: | 2023-02-23 | by ( ) www.reuters.com time to read: +1 min

[1/6] A model presents a creation from the Prada Fall/Winter 2023/2024 collection during Fashion Week in Milan, Italy, February 23, 2023. REUTERS/Alessandro GarofaloMILAN, Feb 23 (Reuters) - Florals bloomed on skirts, shoes and from the ceiling at Italian designer label Prada's Milan Fashion Week show on Thursday. Designers Miuccia Prada and Raf Simons turned wedding dresses into everyday looks, opening their autumn/winter 2023-24 catwalk presentation with a range of long and short white skirts embellished with white flowers and paired with knits. Models wore shirts with stick-out shoulders, knits and jackets with colourful inside collars, and pastel-coloured cigarette trousers paired with ribbed tops. Milan Fashion Week is the third leg of the month-long catwalk calendar, during which designers present their autumn/winter 2023-24 collections.

☆ Gigapresses - the giant die casts reshaping car manufacturing
▼ + stars: | 2023-02-10 | by ( Giulio Piovaccari | ) www.reuters.com time to read: +5 min

GIGAPRESS 9,000Metal and plastic die casting has been largely used in manufacturing, but its application to large aluminium underbodies in carmaking is relatively new. The global aluminium die casting market was worth almost $73 billion last year and is projected to top $126 billion by 2032, according to an AlixPartners analysis based on Apollo Reports data. Ralf Bechmann of manufacturing consultant EFESO said the benefits of die casting would push it "to be applied to an increasing number of new models of BEV vehicles, also by other manufacturers". Yet not all automakers are convinced, and EFESO's Bechmann cautioned that large module die casting required product design to be "super solid". After initially considering die casting for its upcoming Trinity model, Volkswagen (VOWG_p.DE) has backtracked, while BMW (BMWG.DE) has never expressed an interest.

☆ Nexi can play catch-up with rival Worldline
▼ + stars: | 2022-09-27 | by ( ) www.reuters.com time to read: +2 min

The logo of Italian payments group Nexi is pictured inside their headquarters in Milan, Italy, March 28, 2019. REUTERS/Alessandro GarofaloMILAN, Sept 27 (Reuters Breakingviews) - It’s time for Nexi (NEXII.MI) to close a valuation gap with rival Worldline (WLN.PA). The 11.5 billion euro Italian payments group pledged on Tuesday to boost revenue by 9% per year by 2025 and its EBITDA by 14%. Worldline’s Gilles Grapinet, who competes with Nexi to snap up European payments assets, had earmarked just 0.8 billion euros of free cash flow in its four-year plan. Despite similar growth targets, Nexi is valued less richly than Worldline.

☆ Giorgio Armani brings plenty of sparkle to Milan Fashion with main line
▼ + stars: | 2022-09-25 | by ( ) www.reuters.com time to read: +2 min

Designer Giorgio Armani gestures during his Spring/Summer 2023 show at Milan Fashion Week in Milan, Italy, September 22, 2022. REUTERS/Alessandro GarofaloRegister now for FREE unlimited access to Reuters.com RegisterMILAN, Sept 25 (Reuters) - Italian designer Giorgio Armani presented a light spring/summer collection with plenty of sparkle for his eponymous main line at Milan Fashion Week on Sunday. The 88-year-old fashion veteran opened the show, called "Fil d'Or" (golden thread), with lightly-coloured looks in sand and pale grey. Armani presented the latest collection for his second line, Emporio Armani, on Thursday. Milan Fashion Week, where designers are presenting their spring/summer 2023 lines, wraps on Monday.

☆ Dolce & Gabbana team up with Kim Kardashian at Milan Fashion Week
▼ + stars: | 2022-09-24 | by ( ) www.reuters.com time to read: +1 min

Designers Stefano Gabbana and Domenico Dolce stand next to Kim Kardashian at the end of the Dolce & Gabbana Spring/Summer 2023 collection show during Milan Fashion Week in Milan, Italy, September 24, 2022. REUTERS/Alessandro GarofaloRegister now for FREE unlimited access to Reuters.com RegisterMILAN, Sept 24 (Reuters) - Dolce & Gabbana teamed up with U.S. reality TV star Kim Kardashian at Milan Fashion Week on Saturday as the Italian luxury label presented its latest collection for women's wardrobes. Kardashian, dressed in a sparkly black dress, closed the event by greeting the audience followed by designers Dolce and Gabbana. Milan Fashion Week runs until Monday. Register now for FREE unlimited access to Reuters.com RegisterReporting by Marie-Louise Gumuchian; Editing by Mike HarrisonOur Standards: The Thomson Reuters Trust Principles.

☆ Emporio Armani brings travel-inspired looks to Milan Fashion Week show
▼ + stars: | 2022-09-23 | by ( ) www.reuters.com time to read: +1 min

Designer Giorgio Armani gestures during his Spring/Summer 2023 show at Milan Fashion Week in Milan, Italy, September 22, 2022. REUTERS/Alessandro GarofaloRegister now for FREE unlimited access to Reuters.com RegisterMILAN, Sept 23 (Reuters) - Emporio Armani sought to bring a touch of "freedom and openness" to women's wardrobes for next spring, with the Italian designer brand presenting a light travel-inspired collection at its latest catwalk show at Milan Fashion Week. Veteran designer Giorgio Armani opened the presentation for his second label with lightly-coloured looks made up of fluid jackets and loose trousers accessorised with black berets and bags. Armani will present the latest collection for his main line, Giorgio Armani, on Sunday, the penultimate day of Milan Fashion Week. Register now for FREE unlimited access to Reuters.com RegisterReporting by Claudia Cristoferi and Marie-Louise Gumuchian.

☆ Prada plays with contrasts at Milan Fashion Week show
▼ + stars: | 2022-09-22 | by ( ) www.reuters.com time to read: +2 min

Models present creations from the Prada Spring/Summer 2023 collection during Milan Fashion Week in Milan, Italy, September 22, 2022. Designers Miuccia Prada and Raf Simons opened the Spring/Summer 2023 show with sharp grey looks including pointy-collared shirts, slim-fit trousers and a jumpsuit. Register now for FREE unlimited access to Reuters.com Register"The clothes are about simplicity, with no unnecessary complication," Miuccia Prada said in a statement. Milan Fashion Week runs until Sept. 26 with the likes of heavyweights Gucci, Versace, Dolce & Gabbana and Giorgio Armani among those presenting their latest creations. Register now for FREE unlimited access to Reuters.com RegisterReporting by Marie-Louise Gumuchian; Editing by Alison WilliamsOur Standards: The Thomson Reuters Trust Principles.

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