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Crowds of tourists and locals cool off at a crowded El Postiguet Beach
Features
Affordable travel is to blame for Europe’s overtourism problem, spoiling its most sought-after cities like Barcelona, Amsterdam and Athens
By Prarthana PrakashJuly 20, 2024
A Christian Dior SE luxury clothing boutique, operated by LVMH Moet Hennessy Louis Vuitton SE, in Paris, France, on Thursday, Jan. 25, 2024. LVMH sales rose at the end of last year as wealthy shoppers treated themselves to the group's pricey handbags and Champagne, a sign of resilience at the world's largest luxury conglomerate. Photographer: Benjamin Girette/Bloomberg via Getty Images
Retail
Dior and Armani face antitrust probe in Italy over alleged labor exploitation
By Alberto Brambilla and BloombergJuly 17, 2024
Customers are shopping at the first store of the US street brand Supreme in Shanghai, China, on April 1, 2024. (Photo by Costfoto/NurPhoto via Getty Images)
Retail
Italian-French eyewear titan EssilorLuxottica snaps up Supreme for $1.5 billion
By Deirdre Hipwell and BloombergJuly 17, 2024
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 BloombergJuly 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 Silvia MarchettiJuly 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 Ryan HoggJuly 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 Prarthana PrakashJuly 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 Prarthana PrakashJuly 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 BloombergJuly 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 Prarthana PrakashJune 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 BloombergJune 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 Ryan HoggJune 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 Ryan HoggMay 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 BloombergMay 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 BloombergMay 20, 2024
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