Italy news and archive

OVS to acquire homeware provider Kasanova

The Italian retail group OVS SpA (OVS) aims to strengthen its presence in the homeware segment, where its Upim chain is already active with the brand Croff. On Monday, OVS announced a binding offer for the complete acquisition of homeware provider Kasanova SpA. Speculation about such a transaction has been circulating since this summer. Kasanova...

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Business

Tod's faces judicial administration over claims of "severe labour exploitation"

The Milan Public Prosecutor's Office has requested to place the Marche-based company Tod's spa under judicial administration for negligently facilitating "severe labour exploitation" along its production chain. The request from public prosecutor Paolo Storari is addressed to Italy's Court of Cassation, which has scheduled a hearing for November...

Retail

Frey acquires three Italian outlets in major European expansion

French group Frey has entered a 650 million euros strategic partnership with Cale Street to invest in premium outlets across Europe. As part of this alliance, the two companies are acquiring three major Italian shopping villages—Franciacorta, Valdichiana, and Palmanova—for 410 million euros from funds managed by Blackstone. In addition to the...

Fashion

Sustainability at Miomojo focuses on innovation and responsibility

While large clothing and accessory brands often struggle with their sustainability efforts, as their size makes them inflexible or their business model is based on overproduction, smaller and younger labels have it a bit easier as a sustainable direction was part of their programme from the outset. One such company is the Italian bag label...

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Greenwashing: Shein responds to million euro fine in Italy

Following a one million euro fine from the Italian Competition Authority, the Asian fast-fashion e-tailer Shein has shown remorse. In response to an enquiry, Shein stated that it had "immediately taken all necessary measures to address the criticisms raised". The Italian authority accused Infinite Styles Services Co Ltd, responsible for Shein in...

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Mergers and acquisitions: PwC says fashion and luxury sector is increasingly selective

Mergers and acquisition operations in the consumer sector are slowing down globally. However, seven mega-deals exceeding 5 billion dollars are boosting overall value. In Italy, 158 transactions were announced in the first five months of 2025. These are some of the findings detailed in the report 'PwC Global & Italian Merger and Acquisition Trend...

People

Inditex reorders global leadership with changes at Zara Kids and Italy

Lorenzo Marcheselli, who until now led the Galician group's business in Italy, has been appointed the new director of Zara Kids. He replaces Begoña Costas, who is retiring after a 46-year career at the company, as reported by Modaes. Costas, a key figure within Zara's organisational structure, leaves behind a career marked by the consolidation...

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Business

Gucci's ArtLab to reopen

Fashion production is beginning to restart in Italy as the country slowly begins to lift coronavirus restrictions. The company has signed an agreement with trade unions to reopen Gucci ArtLab on April 20. ArtLab is home to Gucci's leather goods and prototype productions. “Since the beginning of this emergency, before it was officially defined as...

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Retail

Italian fashion brands ask for rent suspesions

Confindustria Moda, an organization representing the Italian fashion industry, has asked commercial premises landlords to put lease payments on hold for retailers. The appeal was due to the coronavirus crisis, which has left Italy as one of the hardest hit countries in the world by the global pandemic. Total number of cases in Italy are only...

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Sales, employment and profits growing in the Italian fashion sector

Italy is long renowned for the quality of its craftsmanship, especially when it comes to clothing and leather goods. As a result, one third of European fashion giants either is Italian or operates in Italy. But how are those companies doing? To find that out, local investment bank Mediobanca analyzed the financial results of 163 fashion...

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Retail

Uniqlo to enter Italian market in 2019

Casual apparel brand Uniqlo is set to continue its European expansion by adding Italy to its retail portfolio in 2019. Fast Retailing, the Japanese company which owns the brand, has issued a statement revealing its plans to open the first Uniqlo shop in Italy next fall, to be located in Piazza Cordusio, a square in the heart of Milan. “We are...