Italy

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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)
Retail

A former Lamborghini exec is reviving the iconic Diablo supercar for €1.35 million

By Hannah Elliott and Bloomberg
July 16, 2024
Italy, Sicily, Taormina, Piazza IX Aprile, dawn light
Lifestyle

Three years ago houses in Sicilian villages were auctioned off for just €1. Now these regions have experienced a €100 million revival

By
July 13, 2024
Naviglio Grande canal in Milan city, Italy, a popular tourist area, on dramatic sunset
Finance

The 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
July 11, 2024
The Temple of Concordia in the Valley of the Temples, Sicily.
Environment

Sicily’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
July 10, 2024
crowds of people standing near the Parthenon
Lifestyle

Mayor of Athens says tourism in Greece isn’t ‘viable’ anymore as each visitor only adds €0.40 to the economy

By
July 9, 2024
Chief Executive Officer of LVMH, Bernard Arnault.
Retail

LVMH 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 Bloomberg
July 1, 2024
woman walking amid short trees facing Siena old town
Lifestyle

Italy is paying people as much as $32,000 to relocate to its Tuscan mountains as it tries to stabilize dwindling populations there

By
June 28, 2024
John Elkann, CEO of Exor
Finance

The Italian billionaire family behind Ferrari and Stellantis, bolster their stake in Philips to $4.19 billion

By Sarah Jacob and Bloomberg
June 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.
Retail

Stellantis boss blames his ‘arrogance’ for failing to spot 3 mistakes that led to a double-digit sales decline in the U.S.

By
June 14, 2024
Venice street near St. Marks square
Lifestyle

Venice’s ‘tourist tax’ is being labeled a ‘miserable failure’—and the project might not break even this year

By
May 23, 2024
A woman leaves a Prada store on Madrid's Golden Mile on May 3, 2024, in Madrid, Spain.
Retail

Prada CEO rules out big acquisitions: ‘Our homework today is to nurture our brands. I have no news for you’

By Flavia Rotondi and Bloomberg
May 20, 2024
Fiat Topolinos
Tech

Italy seizes dozens of tiny Fiat EVs for allegedly violating ‘Made in Italy’ rules as relations between Stellantis and government sour

By Tommaso Ebhardt and Bloomberg
May 20, 2024
wild boars on a street in Italy
Environment

Italy is sending soldiers to stop wild boars menacing its $8.8 billion prosciutto and sausage industry

By
May 9, 2024
Selfridges department store is lit up at dusk on Oxford Street
Retail

Post-Brexit shoppers shift from London to tax-free Paris and Milan in ‘lost opportunity’

By Jennifer Creery and Bloomberg
May 9, 2024
Lorenzo Bertelli with his hand showing a thumbs up in the air
Retail

Heir to Prada’s billionaire owning family signals openness to acquisitions as luxury dynasties look to the future

By
May 8, 2024

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