The main shareholders in Italian sunglasses maker Marcolin SpA are in advanced talks on the sale of a controlling stake to private equity fund PAI, the company said, sending its shares up as much as 10 percent to thei...
Luxury shoemaker Tod's threatened on Thursday to scupper a multi-million euro restoration deal for Rome's crumbling Colosseum after its sponsorship of the scheme came under scrutiny from regulators and unions.
The boss of luxury shoemaker Tod's, Diego Della Valle, took out a whole page in leading dailies on Saturday to launch a withering attack on Italy's politicians, who he said were a sorry sight and should be ashamed.
Luxury shoemaker Tod's pledged 5.2 million euros on Thursday to fund Milan's La Scala opera house and urged others in the private sector to come to the rescue of Italy's cash-starved cultural treasures.
Wall Street bankers, the ultra wealthy and even upper middle class shoppers are once again snapping up diamond rings, $10,000 handbags and designer gowns, priming the U.S. luxury sector for more deals.