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In Italy, 70,000 stores at risk of closing

The heart of Italy’s fashion sector is its once thriving independent retail businesses, where boutiques in even the remotest village offer the latest fashions and a unique mix of multi-brands. But one year into the pandemic the devastating impact of store closures and restrictions see Italian retailers dealing with one of the highest closure...

20 Apr 2021

Retail

H&M to permanently close 8 stores in Italy

Fast fashion retailer H&M is to permanently shutter eight stores in Italy, which collectively employs over 200 workers. It currently operates 181 Italian stores. As retailers across the country plan for re-opening, H&M confirmed in an email two stores in Milan and a third in Bari will not reopen when Italy exits lockdown on May 18. A further...

1 May 2020

Business

Gucci's ArtLab to reopen

Fashion production is beginning to restart in Italy as the country slowly begins to lift coronavirus restrictions. The company has signed an agreement with trade unions to reopen Gucci ArtLab on April 20. ArtLab is home to Gucci's leather goods and prototype productions. “Since the beginning of this emergency, before it was officially defined as...

20 Apr 2020

Retail

Italian fashion brands ask for rent suspesions

Confindustria Moda, an organization representing the Italian fashion industry, has asked commercial premises landlords to put lease payments on hold for retailers. The appeal was due to the coronavirus crisis, which has left Italy as one of the hardest hit countries in the world by the global pandemic. Total number of cases in Italy are only...

27 Mar 2020

Retail

Uniqlo to open first Italian store

Japanese retailer Uniqlo has confirmed that it will open its first Italian store in Milan in September. The 16,100 square foot store over three floors will be located on Piazza Cordusio, a short walking distance from Piazza Duomo in Milan’s city centre. The flagship will officially open on September 13 and will offer LifeWear for men, women,...

4 Jun 2019

BusinessFeatured

Sales, employment and profits growing in the Italian fashion sector

Italy is long renowned for the quality of its craftsmanship, especially when it comes to clothing and leather goods. As a result, one third of European fashion giants either is Italian or operates in Italy. But how are those companies doing? To find that out, local investment bank Mediobanca analyzed the financial results of 163 fashion...

18 Feb 2019

Retail

Uniqlo to enter Italian market in 2019

Casual apparel brand Uniqlo is set to continue its European expansion by adding Italy to its retail portfolio in 2019. Fast Retailing, the Japanese company which owns the brand, has issued a statement revealing its plans to open the first Uniqlo shop in Italy next fall, to be located in Piazza Cordusio, a square in the heart of Milan. “We are...

26 Nov 2018

Retail

The industry's thoughts on Primark's Italian debut

Irish value fashion retailer opened its debut store in Arese Milan, Italy to much fanfare on Thursday. An online video tour of the store received over 141.000 views on Facebook alone the first night it was posted, highlighting the retailer's ongoing appeal. It's foray into Italy marks Primark's entry into its tenth European market, and with the...

18 Apr 2016

Fashion Featured

Italy's hatmaker to the stars looks to roots for revival

From Humphrey Bogart's fedora in "Casablanca" to Harrison Ford's lucky headgear in the Indiana Jones series, Italy's Borsalino has been credited with producing some of the coolest hats in history. Michael Jackson loved them, trend-setting music star Pharrel Williams is a contemporary fan and David Bowie opted for one of the Italian company's...

7 Apr 2016

Fashion

Italy's Fendi sets up home in fascist folly

Luxury fashion company Fendi on Thursday unveiled its new headquarters in a long-abandoned, now renovated architectural folly created by the WWII fascist leader Benito Mussolini in Rome. The building, known by Italians as the Square Colosseum but officially entitled the Palace of Italian Civilsation, was built by Mussolini as the centrepiece of...

23 Oct 2015

Fashion

Italy invests 20 million euro in fashion plan for US

Apparently, Italy had has its eye on America for a while. The country recently unveiled a new 20 million euro fashion plan that involves the US. The “special fashion plan” was announced by Carlo Calenda, Italian deputy minister for economic development. At the Jacob K. Javits Convention Center in Manhattan last Monday, the NY Times reports that...

30 Jul 2015

Retail

Primark cuts ties with auditor KPMG ahead of Italian expansion

Primark's parent company Associated British Foods has cut its ties with auditor KPMG after 80 years, as the conglomerate aims to launch the value fashion retail chain in Italy a year earlier than anticipated. The company is set to hire Ernst and Young to conduct its accounting check following a vote at this year's shareholder meeting, according...

13 Jul 2015