PARIS (Reuters) – Italian supercar maker Lamborghini is considering adding an “everyday” model to its line-up, its chief executive Stephan Winkelmann said at the Reuters Global Luxury and Fashion Summit.
Lamborghini, a unit of Volkswagen’s (VOWG_p.DE: Quote, Profile, Research, Stock Buzz) Audi brand, whose sleek cars bear the charging bull logo, sees the luxury super sportscar market returning to the record levels seen in 2007 by 2013-14, Winkelmann said.
MILAN/ROME (Reuters) – Italian food group Parmalat (PLT.MI: Quote, Profile, Research, Stock Buzz) named advisers on Tuesday to give an opinion on the fairness of French rival Lactalis’s 3.4 billion-euro ($5 billion) bid to create one of the world’s biggest dairy groups.
Lactalis, Europe’s biggest dairy group, said last week it would pay 2.60 euros a share to buy the 71 percent of Parmalat it does not already own and has thwarted attempts by Italian investors to keep the food giant in domestic hands.
MILAN, May 3 (Reuters) – Italian dairy group Parmalat
(PLT.MI: Quote, Profile, Research, Stock Buzz) is likely to name advisers on Tuesday to value French
rival Lactalis’s 3.4 billion euro ($5.0 billion) bid, sources
close to the issue said.
Lactalis, Europe’s biggest dairy group, said last week it
would pay 2.6 euros a share to buy the 71 percent of Parmalat it
does not own. The bid thwarted attempts by Italian investors to
keep the food giant in domestic hands. [ID:nLDE73P0C4]
MILAN, April 26 (Reuters) – French dairy group Lactalis
launched a 3.375 billion euro ($4.9 billion) takeover bid for
Italian rival Parmalat (PLT.MI: Quote, Profile, Research, Stock Buzz), raising pressure on Italian
investors who want to keep the company in domestic hands.
Lactalis, Europe’s biggest dairy group, bought 29 percent of
Parmalat in March, sparking alarm in Rome that one of Italy’s
best-known companies could fall under foreign control.
MILAN (Reuters) – Vittorio Arrigoni, the Italian abducted and killed by al Qaeda aligned militants in the Gaza Strip, was an idealist from a small town near Milan whose residents heard the news with “dismay and sorrow.”
Tattooed on his arms and with an eyebrow stud, Arrigoni came from Bulciago, a quiet town of some 2,700 inhabitants about 35 kilometers north of Milan where his mother is mayor. He had been in the Palestinian territories on and off for a decade.
MILAN (Reuters) – Pop stars can design snappy collections for their fans but global fashion brands need more than a touch of glamour to stay on top, designer Donatella Versace told Reuters on Thursday.
The example of pop stars Madonna, Beyonce and Victoria Beckham gaining designer status has prompted other singers such as Taylor Swift to venture into the fashion business that design houses such as Versace have defined for decades.
ROME/MILAN, April 13 (Reuters) – Italian trade unions do not
oppose the idea of France’s dairy giant Lactalis gaining control
of rival Parmalat (PLT.MI: Quote, Profile, Research, Stock Buzz) as long as the Italian food group is
The battle for control of Italy’s biggest listed food maker
has fuelled a spat between Paris and Rome and prompted the
centre-right government of Prime Minister Silvio Berlusconi to
prepare an all-Italian consortium to block Lactalis.
MILAN, April 11 (Reuters) – Dairy group Parmalat (PLT.MI: Quote, Profile, Research, Stock Buzz)
said it won the backing of an Italian court for its moves to
block rival Lactalis of France from taking it over.
The court in the north Italian city of Parma said Parmalat’s
decision to postpone its annual shareholder meeting until the
end of June was in line with an Italian government decree giving
domestic investors time to formulate a bid for the food group,
Parmalat said on Monday in statement.
Lactalis, the world’s third-largest dairy company, has
bought a 29 percent stake in its Parma-based rival, which has a
4 billion euros ($5.76 billion) market capitalisation. It wanted
the shareholder meeting to appoint its slate of directors to
implement its business plan for Parmalat.
MILAN, April 11 (Reuters) – A defiant Italian Prime Minister
Silvio Berlusconi emerged from court on Monday to launch a
bitter attack on “leftist” magistrates who have accused him of
offences ranging from tax fraud to paying for sex with a minor.
“I have spent a surreal morning,” he told a cheering crowd
of supporters gathered outside the Milan court where the latest
in a related series of hearings was held on tax fraud charges
related to his Mediaset broadcasting empire.
MILAN (Reuters) – A defiant Italian Prime Minister Silvio Berlusconi arrived in court on Monday to face the latest in a series of trials over the coming weeks on charges ranging from tax fraud to paying for sex with a minor.
“I will not be convicted,” Berlusconi told reporters confidently as he entered the courthouse, with a crowd of supporters cheering him on.