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Italian family businesses

August 30, 2018

Ermenegildo Zegna is renowned for its luxury menswear, but the Italian family-owned group is pursuing American women and millennials and consolidating its Asian market with its $500 million takeover of US label Thom Browne.

Ermenegildo Zegna is renowned for its luxury menswear, but the Italian family-owned group is pursuing American women and millennials and consolidating its Asian market with its $500 million takeover of US label Thom Browne.

February 12, 2015

A measure introduced by the Italian government to incentivise partial listing of family businesses and encourage long-term shareholdings has been amended after institutional investors raised concerns that it unfairly benefited controlling shareholders.

A measure introduced by the Italian government to incentivise partial listing of family businesses and encourage long-term shareholdings has been amended after institutional investors raised concerns that it unfairly benefited controlling shareholders.

Last year the Matteo Renzi-led government allowed listed companies to introduce “loyalty shares”, which grant shareholders double voting rights if they hold stock for more than two years.

October 2, 2014

The reputation of Italian family businesses will escape unscathed despite news of yet another high-profile family being hit by allegations of tax avoidance, according to a family business academic. 

The reputation of Italian family businesses will escape unscathed despite news of yet another high-profile family being hit by allegations of tax avoidance, according to a family business academic.

This week, family-owned Prada announced that its two chief executives, Miuccia Prada and Patrizio Bertelli, are under investigation for inconsistent tax filings during the decade their holding company was based in Luxembourg.

July 9, 2014

The size of family business workforces is comparatively static to non-family companies even as revenues fluctuate, according to a new study.

The size of family business workforces is comparatively static to non-family companies even as revenues fluctuate, according to a new study.

Sales and employment changes in entrepreneurial ventures with family ownership,published in the Journal of Small Business Management, found technology-based family businesses in Italy were equally resistant to hiring new staff in times of growth as they were to laying of staff in troubled times.

February 6, 2014

Famed for its bold geometric designs, family fashion and hotel brand Missoni was co-founded by husband and wife team Rosita and Ottavio Missoni. CampdenFB takes a look at three generations of Missoni women involved in the Italian dynasty.

Famed for its bold geometric designs, family fashion and hotel brand Missoni was co-founded by husband and wife team Rosita and Ottavio Missoni. CampdenFB takes a look at three generations of Missoni women involved in the Italian dynasty.

October 21, 2013

Lapo Elkann, a next-gen of the Agnelli family, has said he is considering opening a foundation for victims of sexual abuse, having revealed to Italian media he was himself abused as a teenager at boarding school.

Lapo Elkann, a next-gen of the Agnelli family, has said he is considering opening a foundation for victims of sexual abuse, having revealed to Italian media he was himself abused as a teenager at boarding school.

Elkann, 36 – brother to John Elkann, chairman of multi-billion euro family-controlled holding company Exor – made the comments in an interview with Italian daily Fatto Quotidiano, though he did not name his abusers.

October 18, 2013

The third-gen chief executive of Italian confectioner Ferrero has rejected speculation the company is to be sold to Nestle, as questions about succession loom over the family firm.

The third-gen chief executive of Italian confectioner Ferrero has rejected speculation the company is to be sold to Nestle, as questions about succession loom over the family firm.

Giovanni Ferrero released a statement on Thursday saying the company had been approached by rival foods conglomerate Nestle, but that it was not for sale.

Commentators, however, think the company's future is far from decided, especially since the death of Ferrero's co-chief executive, Giovanni's elder brother Pietro, in 2011 from a heart attack at the age of 47.

June 6, 2013

Control of tyre company Pirelli is being disputed by one of Italy’s most influential businessmen in a protracted fight that has also brought to the fore the often murky structure of the holding companies that prevail at many family businesses throughout the country.

Control of tyre company Pirelli is being disputed by one of Italy’s most influential businessmen in a protracted fight that has also brought to the fore the often murky structure of the holding companies that prevail at many family businesses throughout the country.

March 14, 2013

The cardinals announced their choice of pope on 13 March, electing Argentinian Jorge Mario Bergoglio – the first non-European pope for 1,300 years. His appointment might be a break from the norm, but when it comes to the new pope’s garb the Vatican is sticking with tradition.  

The cardinals announced their choice of pope on 13 March, electing Argentinean Jorge Mario Bergoglio – the first non-European pope for 1,300 years. His appointment might be a break from the norm, but when it comes to the new pope’s garb the Vatican is sticking with tradition.   

The wardrobe of Pope Francis – formerly archbishop of Buenos Aires – will be in the capable hands of tailors and sixth-generation family business Ditta Annibale Gammarelli.

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