ITALY > London based Michael Kors is set to acquire Italy’s Versace for 1.83 billion euros ($2.1 billion)

michael kors London based with roots in United States, Michael Kors, is set to acquire Italy based Versace for 1.83 billion euros ($2.1 billion). Michael Kors also bought shoemaker Jimmy Choo last year for $1.4 billion and with the latest acquisition of Versace will add new layer to Michael Kors offering. According to Michael Kors chief executive John D. Idol: “We are More …

ITALY > Philippines based Jollibee is set to expand globally including in Italy, Macau, Vietnam, Brunei and Canada

Jollibee Largest Asian Restaurant Company in the world, Jollibee (JFC), is set to expand globally including in Italy, Macau, Vietnam, Brunei and Canada. According to JFC chief executive Ernesto Tanmantiong: “Through the expansion of our brands, we get to share great tasting food and service to our customers. We are excited to further spread the joy of eating not only in More …

ITALY > Hong Kong based CK Hutchison is set to take over Italy based Wind Tre for €2.45 billion ($2.85 billion)

CK Hutchison logo Hong Kong based CK Hutchison is set to take over Italy based Wind Tre from Amsterdam based Veon for €2.45 billion ($2.85 billion) for 50% of the shares. CK Hutchison already owns the remaining 50% of Wind Tre.  CK Hutchison was formed through the €20bn ($ 23.28 billion) merger in 2016 of VimpelCom’s Wind Telecomunicazioni and CK Hutchison’s 3 Italia. More …

ITALY > USA based Arthrex is set to open a new office in North Naples

Arthrex logo US based Arthrex is expanding into Italy by setting up an office tower in North Naples. The first phase of construction includes the elevator shafts and stair towers for creating the company’s new event and administrative building in Creekside Commerce Park off Immokalee Road. According to Lisa Gardiner, a spokeswoman for Arthrex,: “Activities will continue to increase over the coming months. The More …

ITALY > USA’s LCI Industries acquires Sessa Klein for $8.5 million

1780955_234059250111772_1286849385_o USA based LCI Industries acquires Sessa Klein for €7.9Mn ($8.5Mn). The deal will close in first half of 2017 after the execution of definitive transaction documents and satisfaction of customary closing conditions.   About Sessa Klein Sessa Klein was founded in 1871 and is based in Castronno, Italy. Sessa Klein manufactures windows for rolling stock. Its product line includes flat More …

ITALY > McCormick to acquire Italy based flavoring company Enrico Giotti for $127Mn

McCormick.svg Maryland, USA based McCormick & Company, is in process to acquire Italian flavoring company Enrico Giotti for €120 MN(around $127MN). The transaction is supposed to be closed all in cash after certain closing adjustments are fulfilled. Giotti is known for its beverage, sweet, savory and dairy flavoring products and currently has annual sales of approximately €53MN($55.38MN).   About Enrico Giotti Enrico More …

ITALY > Atlantia Sells Stake to Further Global Expansion

atlantia Italian infrastructure group Atlantia wants to boost the share of core earnings from its overseas operations to 50 percent in 2020 from the current 25 percent. So to fulfill the challenge they will sell 15 percent stake in its Autostrade per l’Italia (ASPI) toll road business to help fund its expansion outside its home market. The group, 30 percent controlled More …