Business
Italian labor unions have claimed a major success following a one-day strike organized at facilities belonging to Kering, one of the world’s leading luxury companies. According to union representatives, participation rates ranged between 70% and 100% at several sites across Italy. The protest......
Shareholders of Ferretti S.p.A. are set to vote on board leadership as two major investors, Czech-based KKCG Maritime and China’s Weichai Group Holdings Limited, compete for control of the luxury yacht manufacturer’s governance structure. The annual meeting has become a key battleground,......
A delegation of Italian companies specializing in glass processing technologies visited Casablanca from May 4 to May 7 as part of an economic mission aimed at strengthening industrial cooperation between Morocco and Italy. The initiative was organized by ITA – ICE Agenzia in partnership with GIMAV......
Italian telecom operator Telecom Italia SpA could be entitled to receive up to 75% of the financial benefits generated by FiberCop in the event of a commercial agreement with rival network operator Open Fiber, according to its chief executive. FiberCop, a major wholesale broadband infrastructure company......
Italian fashion house Armani reported a modest decline in revenue in 2025, reflecting what executives described as a difficult year for the global luxury sector. According to company figures, revenue fell by 2.8% to approximately €2.19 billion, while total turnover—including licensed activities—reached......
Chiccorner has launched the Italian beauty brand WYCON Cosmetics in Morocco, opening its first two stores in Casablanca at Morocco Mall and Californie Mall. The move expands the group’s portfolio of international brands and strengthens its position in the country’s growing beauty retail segment. Founded......
Italian luxury house Dolce & Gabbana has announced the appointment of Stefano Cantino as Co-CEO, marking a new phase in the brand’s strategic evolution. Cantino, a former executive at Gucci, will share leadership responsibilities with current chief executive Alfonso Dolce. The move reflects......
Norway’s sovereign wealth fund, Norges Bank Investment Management (NBIM), has announced its support for the re-election of Luigi Lovaglio as Chief Executive Officer of the Italian bank Monte dei Paschi di Siena. NBIM, one of the largest institutional investors in Europe, held a 2.87% stake in......
Italian banking group UniCredit S.p.A. is reportedly reconsidering its strategy in Russia and may opt to liquidate its local operations rather than proceed with a previously discussed sale, according to media reports citing unnamed sources. The bank, once among the major foreign lenders operating in......
Italian banking group UniCredit has highlighted potential risks linked to its planned expansion involving Commerzbank, warning that uncertainty surrounding a possible integration could lead to the loss of key staff and clients. UniCredit, which already holds a significant stake in the German lender,......
Eni announced Tuesday a gas and condensate discovery off the coast of Egypt estimated at approximately 2 trillion cubic feet of gas in place. The find is the latest in a series of Mediterranean discoveries by the Italian energy company, which also includes a separate 1 trillion cubic foot discovery off......
Italian fashion house Valentino announced on Tuesday that an Italian court has lifted early the special administration imposed on one of its units over labor practices involving Chinese-owned subcontractors. The court initially placed Valentino Bags Lab under judicial administration in May 2025 after......
Italy’s competition authority has imposed a significant fine on Revolut over alleged unfair commercial practices, highlighting increasing scrutiny of the fast-growing fintech sector. The regulator stated that several entities within the Revolut group were penalized for providing potentially misleading......
