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Customers are shopping at the first store of the US street brand Supreme in Shanghai, China, on April 1, 2024. (Photo by Costfoto/NurPhoto via Getty Images)
RetailItalian-French eyewear titan EssilorLuxottica snaps up Supreme for $1.5 billion
By Deirdre Hipwell and BloombergJuly 17, 2024
People clean a 1992 Lamborghini Diablo during the opening day of the Salon Prive Concours d'Elegance at Blenheim Palace in Oxfordshire. The event will see a host of luxury car manufacturers premiere their new models. Picture date: Wednesday August 30, 2023. (Photo by Andrew Matthews/PA Images via Getty Images)
RetailA former Lamborghini exec is reviving the iconic Diablo supercar for €1.35 million
By Hannah Elliott and BloombergJuly 16, 2024
Italy, Sicily, Taormina, Piazza IX Aprile, dawn light
LifestyleThree years ago houses in Sicilian villages were auctioned off for just €1. Now these regions have experienced a €100 million revival
By Silvia MarchettiJuly 13, 2024
Naviglio Grande canal in Milan city, Italy, a popular tourist area, on dramatic sunset
FinanceThe U.K. has ‘far more millionaires than it deserves’ and will watch 500,000 flee to the likes of Italy and Spain by 2028, UBS says
By Ryan HoggJuly 11, 2024
The Temple of Concordia in the Valley of the Temples, Sicily.
EnvironmentSicily’s summer drought is so acute this year that it’s drying up lakes and forcing cities to turn away tourists because they don’t have enough water
By Prarthana PrakashJuly 10, 2024
crowds of people standing near the Parthenon
LifestyleMayor of Athens says tourism in Greece isn’t ‘viable’ anymore as each visitor only adds €0.40 to the economy
By Prarthana PrakashJuly 9, 2024
Chief Executive Officer of LVMH, Bernard Arnault.
RetailLVMH billionaire Bernard Arnault enters race to acquire Venice’s iconic Hotel Bauer—with bids rising over €275 million
By Laura Benitez, Angelina Rascouet, Libby Cherry and BloombergJuly 1, 2024
woman walking amid short trees facing Siena old town
LifestyleItaly is paying people as much as $32,000 to relocate to its Tuscan mountains as it tries to stabilize dwindling populations there
By Prarthana PrakashJune 28, 2024
John Elkann, CEO of Exor
FinanceThe Italian billionaire family behind Ferrari and Stellantis, bolster their stake in Philips to $4.19 billion
By Sarah Jacob and BloombergJune 26, 2024
Carlos Tavares, chief executive officer of Stellantis NV, delivers a speech during 125th anniversary celebrations at the Opel Russelsheim Plant in Russelsheim, Germany.
RetailStellantis boss blames his ‘arrogance’ for failing to spot 3 mistakes that led to a double-digit sales decline in the U.S.
By Ryan HoggJune 14, 2024
Venice street near St. Marks square
LifestyleVenice’s ‘tourist tax’ is being labeled a ‘miserable failure’—and the project might not break even this year
By Ryan HoggMay 23, 2024
A woman leaves a Prada store on Madrid's Golden Mile on May 3, 2024, in Madrid, Spain.
RetailPrada CEO rules out big acquisitions: ‘Our homework today is to nurture our brands. I have no news for you’
By Flavia Rotondi and BloombergMay 20, 2024
Fiat Topolinos
TechItaly seizes dozens of tiny Fiat EVs for allegedly violating ‘Made in Italy’ rules as relations between Stellantis and government sour
By Tommaso Ebhardt and BloombergMay 20, 2024
wild boars on a street in Italy
EnvironmentItaly is sending soldiers to stop wild boars menacing its $8.8 billion prosciutto and sausage industry
By Prarthana PrakashMay 9, 2024
Selfridges department store is lit up at dusk on Oxford Street
RetailPost-Brexit shoppers shift from London to tax-free Paris and Milan in ‘lost opportunity’
By Jennifer Creery and BloombergMay 9, 2024
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