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Sep 7, 2012

Italian fashion houses ask for greater Chinese cooperation

MILAN, Sept 7 (Reuters) – Italian fashion executives have
called for China to improve business conditions for European
companies seeking to expand in the world’s fastest-growing
luxury market.

China is on the track to become one of the world’s biggest
markets for luxury products, but European companies face high
import duties and high levels of counterfeiting in the country.

Jul 31, 2012

Italian police seize Barclays documents in rates probe

MILAN/FRANKFURT, July 31 (Reuters) – Italian police have
searched the Milan offices of Barclays as part of
widening international investigations into alleged rigging of
global interest rates, judicial sources and consumer groups said
on Tuesday.

Barclays has been fined over $450 million by U.S. and
British authorities for manipulating Libor benchmark rates,
which are used to set prices for trillions of dollars of
financial products across the globe. Its chief executive Bob
Diamond was forced to quit over the scandal.

Jul 27, 2012

Burberry eyes beauty lift as Interparfums talks end

LONDON/MILAN, July 27 (Reuters) – British luxury brand
Burberry will end its partnership with French fragrance
maker Interparfums at the end of this year to pursue
more profitable options in a beauty industry dominated by rivals
such as Christian Dior and Armani.

The maker of raincoats in distinctive camel, red and black
check pattern said on Friday it had ended talks with the maker
of Lanvin perfumes over new terms, paving the way for new
possible partnerships or in-house initiatives.

Jul 26, 2012

Luxottica defies euro zone woes with America, Asia presence

MILAN, July 25 (Reuters) – Italy’s Luxottica, the
world’s biggest premium eyewear maker, is betting on sunny
emerging markets to meet growth expectations for this year as
European consumers cut fashion shopping in recession-hit Italy
and Spain.

The maker of Ray-Ban and Oakley sunglasses said on Thursday
net sales grew 15.2 percent to 1.88 billion euros ($2.3 billion)
in the three months to the end of June, meeting analysts’
forecasts.

Jul 9, 2012

Valentino in exclusive talks with Qatar: sources

MILAN/LONDON (Reuters) – London-based private equity fund Permira is in exclusive talks with the Qatari royal family over the sale of Italian fashion house Valentino and a decision is expected by the end of the month, four sources close to the talks said on Monday.

The Qataris, who also own London’s Harrods department store, have been one of the world’s most active investors with assets ranging from stakes in German sports car maker Porsche (PSHG_p.DE: Quote, Profile, Research, Stock Buzz) to shares in British bank Barclays (BARC.L: Quote, Profile, Research, Stock Buzz).

Jul 3, 2012

Euro zone crisis forces ‘dismal science’ to get real

LONDON (Reuters) – As economics teachers struggle to make sense of a post-crisis world, they may have an unlikely army of helpers: ants.

In September 2008, the same month that Lehman Brothers collapsed, the Argentinian ants became the unwitting stars of a German television show that set out to illustrate collective efficiency. To the frustration of the show’s producers, the insects ended up showing how easily rational expectations can go awry.

Jul 3, 2012

Special Report: Crisis forces “dismal science” to get real

LONDON (Reuters) – As economics teachers struggle to make sense of a post-crisis world, they may have an unlikely army of helpers: ants.

In September 2008, the same month that Lehman Brothers collapsed, the Argentinian ants became the unwitting stars of a German television show that set out to illustrate collective efficiency. To the frustration of the show’s producers, the insects ended up showing how easily rational expectations can go awry.

Jun 26, 2012

Milan menswear splashes color on grey times

MILAN (Reuters) – Menswear designers showcased colorful jackets, mid-thigh shorts and sockless loafers in Milan this week to impress men who need more than grey suits to shine in tough economic times.

The Milan fashion shows that ended on Tuesday brought fresh ideas to an industry starting to feel the pinch of the euro crisis.

Jun 22, 2012

Rating agencies under new pressure in Italy

MILAN, June 22 (Reuters) – Italian state auditors are
investigating whether downgrades of Italy by the three major
rating agencies last year hurt the debt-laden country’s finances
by making it accelerate austerity measures that have deepened
its recession.

European policymakers, struggling to shore up state
finances, have accused analysts of being too quick to cut euro
zone sovereign ratings despite bailouts and their spending cuts
and tax increases. The rating agencies already face a separate
criminal probe in a southern Italian town.

Jun 22, 2012

Italy probes rating agencies over 2011 downgrades

MILAN (Reuters) – Italian state prosecutors said on Friday they are investigating whether downgrades of Italy by the three major ratings agencies last year hurt the debt-laden country’s finances by making it accelerate sweeping austerity that has deepened its recession.

European policymakers struggling to shore up their troubled finances have said ratings agencies have been too quick to cut ratings on the bloc’s members despite bailouts and the austerity measures they have implemented.

    • 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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