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Apr 14, 2013

Italy’s RCS Mediagroup presses ahead with restructuring plan

MILAN, April 14 (Reuters) – The board of Italy’s loss-making
RCS MediaGroup approved on Sunday the broad terms of a
capital increase and a debt refinancing plan needed for its
turnaround plan.

The publisher of Italy’s newspaper Il Corriere della Sera,
whose ownership groups some of Italy’s biggest financial and
industrial names, needs large financial resources to accelerate
its digital transition and reverse losses over the next three
years.

Apr 14, 2013

Italy’s publisher RCS Mediagroup renegotiates bank loans-sources

MILAN, April 14 (Reuters) – Italy’s loss-making RCS
MediaGroup has agreed with creditor banks to
reschedule maturing loans worth 575 million euros ($753
million), two financial sources said, securing a first step in
its turnaround plan.

The board of the publisher of Italy’s most influential
newspaper Il Corriere della Sera meets on Sunday to approve its
2012 financial results and the terms of a restructuring plan
that includes maturing debt and a capital increase.

Apr 11, 2013

Exotic wood and funky chairs star in Milan design week

MILAN, April 11 (Reuters) – Wardrobes made from exotic
Japanese wood by Armani, a brass and leather “Donatella Versace”
chair and other “home” furnishings from Italian luxury designers
were on show in Milan this week in an effort to woo wealthy
tourists and high end hotel developers.

Fashion groups such as Versace and Armani diversified into
home design decades ago in an effort to capture a bigger slice
of the $750 billion global luxury goods market.

Apr 10, 2013

SodaStream targets thrifty Italians with home drink machines

MILAN, April 10 (Reuters) – Israel’s SodaStream
International, whose machines make carbonated drinks
from tap water, expects to reach 25 percent of Italian kitchens
in the coming years as consumers seek green, trendy and cheaper
alternatives to bottled water.

The U.S.-listed group, which also makes flavours, carbon
dioxide refills and re-usable bottles, said on Wednesday it was
targeting style-conscious customers in Italy with designer
machines and local flavours including bitter-sweet “chinotto”.

Apr 5, 2013

Prada turns retail focus to Middle East, Americas

HONG KONG/MILAN, April 5 (Reuters) – Italian fashion house
Prada SpA plans to focus its next retail push on the
Middle East and the Americas to offset lower spending in Europe
and lessen its reliance on Asia, where booming growth is
levelling off.

The maker of leather handbags and colourful Miu Miu dresses
said revenue in February was strong thanks to Chinese New Year
celebrations but expected economic uncertainty in parts of
Europe and Asia to persist this year.

Apr 4, 2013

Versace family may consider sale option for growth

MILAN (Reuters) – Italian fashion house Versace, one of the last family-owned luxury groups, may consider opening the company to outside investors to help fund expansion in overseas markets such as Asia, its chief executive said.

Founded in 1978 by the late Gianni Versace, the group faces the same dilemma as peers such as Missoni, Roberto Cavalli and Giorgio Armani – keep the business in the family or give up some control in return for the investment needed to catch up with rivals which have already taken that path.

Apr 4, 2013

Italian tailor Pal Zileri up for sale-sources

PARIS/MILAN, April 4 (Reuters) – The family owners of
Italian suitmaker Pal Zileri are looking to sell their holding
and bring in external investors to boost the brand’s
international expansion and revive its fortunes, sources close
the matter have said.

Pal Zileri, known for its classic tailored suits priced at
over 2,000 euros ($2,600), competes with the likes of Canali,
Corneliani, Brioni, part of PPR, Ermenegildo Zegna and
Hugo Boss.

Apr 4, 2013

Versace family ready to let in outside investors

MILAN, April 4 (Reuters) – Family owned Italian fashion
house Versace is ready to sell some of the company to outside
investors to help fund expansion in overseas markets such as
Asia, its chief executive said.

Founded in 1978 by the late Gianni Versace, the group faces
the same dilemma as peers such as Missoni, Roberto Cavalli and
Giorgio Armani – keep the business in the family or give up some
control in return for the investment needed to catch rivals
which have already taken that path.

Apr 3, 2013

Italy’s Moleskine fails to sparkle on market debut

MILAN, April 3 (Reuters) – Shares in upmarket notebook maker
Moleskine made a lacklustre debut in Milan on Wednesday
as growth concerns and broad market weakness weighed on this
year’s first major stock listing in crisis-hit Italy.

The maker of notebooks based on originals used by Ernest
Hemingway and Bruce Chatwin is the first company to join the
main Milan stock market since the listing of cashmere brand
Brunello Cucinelli nearly a year ago.

Apr 3, 2013

Italy’s Moleskine shares rise on market debut

MILAN, April 3 (Reuters) – Shares in upmarket notebook maker
Moleskine rose on their market debut in Milan on
Wednesday, defying broad stock market weakness in the first
major stock listing in crisis-hit Italy this year.

The maker of slick, black notebooks based on originals used
by Ernest Hemingway and Bruce Chatwin is the first new company
to join the main Milan stock market since cashmere brand
Brunello Cucinelli’s listing almost a year ago.

    • About Antonella

      "I cover luxury goods and retail for the Reuters International service in Milan, which I joined in May 2010 after nine years at the domestic Italian general news service, where I was deputy chief. I also cover some sports, with a focus on business stories."
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