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...Officials are also seeking to maintain some oversight of the newspaper as the investment group searches for an alternative buyer....
...The Italian team was sold to private equity group RedBird Capital Partners for €1.2bn, the highest price paid for a club outside the English Premier League....
...Among other moves from London, Goldman has relocated several investment bankers advising natural resources companies to Milan, where they are overseen by Francesco Pascuzzi....
...Roberto Cingolani, chief executive of Leonardo, the Rome-based aerospace and defence group, told the FT that “everybody is talking to everybody”....
...Sales for Miu Miu rose by 89 per cent in the first quarter, generating €233mn for the Milan-based fashion house....
...Loewe Lamps Loewe’s creative forays in Milan have done much to spotlight – and elevate – artisanship in recent years....
...to private equity group RedBird....
...The Milan-based group, whose brands include the eponymous Zegna, Thom Browne and Tom Ford’s fashion arm, said on Friday that net profit in 2023 reached €135.7mn compared with €65.3mn in 2022....
...Gucci owner Kering has bought a retail block on Milan’s top shopping street from Blackstone for €1.3bn in Europe’s biggest property deals for two years, as intense demand from luxury groups helps high-end...
...It’s the kind of versatility that luxury customers desire, says chief executive Diego Della Valle, who recently delisted the group from the Milan Stock Exchange....
...Milan-based Prysmian, the world’s largest cablemaker, is to acquire US rival Encore Wire for an enterprise value of more than $4bn....
...Yet it felt like most of Milan fashion marched through the same machine, in all seriousness, to sharpen up their acts....
...Italian luxury bag and shoemaker Tod’s plans to go private in a deal with LVMH-backed private equity firm L Catterton, ending more than two decades as a public company on the Milan stock exchange....
...Siragusa had teamed up with Merlyn to draw up an alternative plan for the group, including the removal of Labriola as chief....
...The combined group would generate more than 2mn tonnes of copper per year, about 10 per cent of global mined supply....
...Salvatore Bragantini Milan, Italy...
...Why Elliott is stuck in AC Milan’s legal mess When Elliott Management sold AC Milan for a record-breaking €1.2bn in 2022 to private equity group RedBird Capital Partners, it was seen as a coup....
...“At RedBird, we have developed partnerships with a very select group of high-performing world class athletes and artists who are able to thrive in the RedBird ecosystem.”...
...Luca J Uberti Assistant Professor of Economics, University of Milan-Bicocca, Milan, Italy...
...The group is getting 11,800 square metres, of which more than 5,000 is retail space. At current Milan market rates, that could theoretically cost perhaps €50mn a year to rent....
...Labriola’s proposals include the sale of the junk-rated group’s landline network to US private equity group KKR and a reduction in net debt from €20bn to about €7bn by 2026....
...Its designer was Lana’s friend, Ettore Sottsass, one of the most influential of Milan’s designers and founder of the Memphis Group, which upended Italian design in the 1980s with a blast of garish, often...
...Sixty per cent of Courvoisier’s sales come from the US and the acquisition will help the Milan-listed group, controlled by Italy’s Garavoglia family, expand across the Atlantic, a priority for its strategy...
...In an effort to address this, luxury yachtmaker Ferretti now has a secondary listing in Milan. Prada is considering a similar move....
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