The two hotels are called Hotel Romazzino and Hotel Pitrizza, both located in the heart of Costa Smeralda.

2022 was a good year for the Italian fashion industry, where the sector’s turnover reached its highest level in twenty years. 

Chanel continues to invest in Italy, acquiring eight local companies in three years.

Norda not only fills the niche market targeted by Zegna Group but also fits the Group’s high-end positioning. 

Annual Net sales amounted to Euro 1076.7 million, slightly ahead of the 1-billion-euro target disclosed by the company in August.

Paolo Aimino, EY Italy market leader, and Frederico Bonelli, EY Western Europe retail, fashion, and luxury leader, noted that “After a record-breaking 2021, the global IPO market took a sharp turn in the opposite direction in 2022. With only 1,333 IPOs raising US$179.5b, IPO activity dipped 45% and 61% by number of deals and proceeds, respectively, year-over-year (YOY).”

Over the past month, the Italian luxury brand Etro has opened four stores successively in Chengdu Sino-Ocean Taikoo Li, Chengdu SKP, Beijing DT51, and WS Mall Wuhan International Plaza, fully accelerating its expansion in the Chinese market.

“After my recent trip to Greater China, I am optimistic about China’s reopening as we are witnessing a rebound in our business and the industry at large.”

Aeffe aims to capitalize on the investment relating to the reorganization of the Moschino brand’s retail distribution in China.

Ferragamo noted that they are quite encouraged by the positive customers’ reaction in China since the restrictions were lifted.