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Italy

July 27, 2010

Leonardo Del Vecchio might be expected to take that extra special summer holiday after his company announced better-than-expected second quarter results.

Leonardo Del Vecchio might be expected to take that extra special summer holiday after his company announced better-than-expected second quarter results.

Luxottica, the world's biggest eyewear group and 70% owned by Del Vecchio (pictured), recorded a 30% year-on-year rise in net profits in the second quarter of the year to €150 million. Analysts were expecting profits of  €145 million.
 

May 4, 2010

Second-generation CEO Vittorio Missoni tells Claire Adler how the family-run fashion house is riding out the recession in style

Second-generation CEO Vittorio Missoni (pictured) tells Claire Adler how the family-run fashion house is riding out the recession in style.

The supposedly glittering world of high-priced luxury goods has taken a battering of late. Many small and medium companies without the financial and managerial muscle to react to difficult market conditions have sought bankruptcy protection including Christian Lacroix, Escada and Gianfranco Ferre.

April 30, 2010

Italy’s Agnelli family, owner of automobile giant Fiat, confirmed yesterday that fourth-generation family member Andrea Agnelli will become the president of Italian football club Juventus in the summer.

Italy's Agnelli family, owner of automobile giant Fiat, confirmed yesterday that fourth-generation family member Andrea Agnelli will become the president of Italian football club Juventus in the summer.

October 29, 2009

The Benetton family, founders of the international clothing group that bears its name, is pulling out of its investment in the Italian communication company Telecom Italia.

The Benetton family, founders of the international clothing group that bears its name, is pulling out of its investment in the Italian communication company Telecom Italia.
 
The family is part of a shareholder consortium, the Telco Group, which owns the Italian company's largest stake with 24.5%. The Benettons were the smallest investors in the group with an 8.4% stake.
 

October 6, 2009

Fininvest, the holding company controlled by Italy’s Berlusconi family, has been ordered to pay €750 million in damages to rival media company CIR over a disputed court case which took place 18 years ago.

Fininvest, the holding company controlled by Italy's Berlusconi family, has been ordered to pay €750 million in damages to rival media company CIR over a disputed court case which took place 18 years ago.
 

October 2, 2009

Giorgio Armani, the owner and founder of the Italian fashion house that bears his name, announced on Wednesday he is to promote three non-family members to senior management positions.

Giorgio Armani, the owner and founder of the Italian fashion house that bears his name, announced on Wednesday he is to promote three non-family members to senior management positions. The reshuffle also includes expanding the board of directors in a move that will professionalise the €1.6 billion company and dilute the input of the family.
 

November 17, 2008

Family-owned clothing company Brioni is looking at the possibility of outside investment as the credit crunch hits the luxury retail sector.

Family-owned clothing company Brioni is looking at the possibility of outside investment as the credit crunch hits the luxury retail sector.

It is being reported that the Italian company, famous for kitting out James Bond, has appointed BNP Paribas to advise it on an expansion plan, which includes putting a 20–25% stake up for sale.

"This is a family company. We need to think about the future and ways to develop the brand," Antonella De Simone, Brioni's co-chief executive officer and descendent of one of the founders, was quoted as saying.

May 1, 2006

Restrictions on succession issues potentially limit the profitable continuity of Italian family businesses. However, recent legislative changes have paved the way to substantially improve the situation, as Gioacchina Attanzio reveals

Gioacchino Attanzio  is managing director of AIdAF (FBN Italy).

Restrictions on succession issues potentially limit the profitable continuity of Italian family businesses. However, recent legislative changes have paved the way to substantially improve the situation, as Gioacchina Attanzio reveals

November 1, 2004

Fresh from winning the 2004 IMD – Lombard Odier Darier Hentsch Distinguished Family Business Award, Joachim Schwass reports on the Barilla family and the history behind their flourishing bread and pasta empire

Joachim Schwass is Professor of Family Business, IMD and co-director of The IMD – Lombard Odier Darier Hentsch Family Business Research Center.

Fresh from winning the 2004 IMD – Lombard Odier Darier Hentsch Distinguished Family Business Award, Joachim Schwass reports on the Barilla family and the history behind their flourishing bread and pasta empire

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