Tag: Italy

  • Amazon EU Faces Italian Trial over Alleged €3.52M Unpaid Import VAT

    Amazon EU Faces Italian Trial over Alleged €3.52M Unpaid Import VAT

    Amazon’s European unit and two senior managers could face trial in Italy over more than 1.5 million Chinese products sold without proper payment of import value added tax and customs duties.

    Milan prosecutors concluded their investigation following police raids conducted in November last year on Amazon’s Italian headquarters in Milan and a logistics hub near Bergamo. Formal legal notices under Italy’s corporate liability framework were served on Luxembourg-based Amazon EU and the two executives, a step that typically precedes a formal request for trial.

    Authorities put the unpaid import VAT at more than €3.52m ($3.9m), while customs officials continue to calculate the total evaded duties. A total of 70 suspects received the notice, including online store operators accused of moving non-EU merchandise through Amazon’s domestic logistics network while evading border declarations.

    Automated Systems and Missing Seller Data

    Prosecutors allege Amazon failed to implement organisational measures capable of preventing customs offences and allowed non-EU goods to circulate through its logistics network despite alleged customs compliance irregularities.

    They also allege Amazon knew, or should reasonably have known, that around 80% of goods handled through its Italian logistics system came from China, yet did not adequately check sellers, customs documentation or warehouse movements.

    The legal notice claims Amazon knew or should have known about the supply chain flaws. By leaving those gaps open, prosecutors argue, the marketplace functioned as an entry pipeline that allowed Asian goods to sidestep European borders without fiscal checks.

    Shifting Pressures on Cross-Border Chinese Merchants

    For manufacturers and direct-to-consumer exporters, the Milan inquiry shows that relying on Western e-commerce platforms no longer shields sellers from local fiscal enforcement. European tax authorities have moved past sending notices to remote offshore store entities, targeting the physical warehouses where goods actually sit.

    Direct-selling Asian brands operating on thin operating margins face immediate exposure. If marketplaces demand validated tax identification numbers and upfront proof of cleared duties before receiving stock, merchant inventory turnaround times will slow down and operating fees will climb.

    Amazon told the publication that it was “committed to complying with all applicable laws and regulations in every country where we operate and we require all sellers on our marketplace to do the same”.

    “We will vigorously defend our position in this ungrounded proceeding,” the US company said.

    It also said “unpredictable regulatory environments, disproportionate penalties, and protracted legal proceedings are increasingly affecting Italy’s attractiveness as an investment destination”.

    Raids and Cross-Border European Probes

    The formal notice follows police raids carried out in November last year across Amazon’s corporate headquarters in Milan and a regional fulfilment depot near Bergamo. Those operations initiated an inquiry into Asian import evasion that quickly expanded beyond Italian borders.

    Milan prosecutors later briefed judicial counterparts across multiple European jurisdictions through Eurojust to examine similar logistics networks across the continent. Investigators described the distribution mechanism as a setup that let offshore merchants bypass standard import filings on an industrial scale.

    Under Italian law, recipients can submit arguments, documents and evidence before prosecutors decide whether to seek a trial. Italian customs authorities are working to complete their calculation of unpaid duties, which will determine the final financial penalty sought in court.

  • Chinese Automakers Rule Out Italy over Lack of Turnkey Factories

    Chinese Automakers Rule Out Italy over Lack of Turnkey Factories

    Chinese automakers looking to expand production capacity in Europe have ruled out Italy because the country lacks suitable turnkey factories, Italian industry minister Adolfo Urso said on Wednesday, October 14.

    Urso confirmed that Chinese auto industry representatives, including BYD European adviser Alfredo Altavilla, inspected Italian facilities and met government officials several times without finding viable production sites.

    The Search for Turnkey Sites

    Chinese car companies touring Europe want operational manufacturing facilities that can start vehicle assembly immediately. Brussels is preparing regulations that will impose minimum local content requirements on electric vehicles sold across the European Union, prompting Chinese brands to secure localized assembly footprint within the trading bloc.

    Urso told lawmakers in Rome that Chinese delegations inspected several Italian facilities. None met their operational criteria.

    “They are touring Europe and what are they asking for? A turnkey factory,” Urso told lawmakers in Rome, referring to a production site that would be ready to operate immediately.

    Stellantis Retains Italian Footprint

    Italy holds only one domestic volume car manufacturer, Stellantis. Urso explained that Stellantis decided against selling or transferring any of its Italian plants to foreign competitors, choosing instead to pursue joint production partnerships with Chinese automakers.

    Because Stellantis kept all its Italian production lines open, no idle, ready-to-run auto plants exist in Italy for foreign buyers to take over. That stance closed the door on Chinese automakers looking for standalone acquisitions in the country.

    BYD Shifts Focus to Western Europe

    The refusal to sell legacy plants directly conflicts with the expansion playbook favored by major Chinese electric vehicle brands. BYD rejected shared-production arrangements and joint ventures in the country, seeking full ownership of its European manufacturing assets instead.

    Altavilla confirmed that BYD is concentrating its factory acquisition efforts on alternative European markets, specifically Spain and France. Securing dedicated assembly lines allows Chinese electric vehicle groups to maintain direct control over supply chains, production quality, and proprietary technology.

    European Manufacturing Timelines

    Automakers from China face mounting pressure to finalize European production locations before the European Commission enacts stricter local assembly mandates. Companies that fail to establish domestic production lines risk tariffs and regulatory barriers on imported completely built-up units.

    The next phase of European expansion now rests on negotiations with French and Spanish authorities, where Chinese carmakers continue to evaluate industrial sites capable of rapid commissioning.

  • Lumson Completes Two Packaging Acquisitions in the US and Asia

    Lumson Completes Two Packaging Acquisitions in the US and Asia

    Italian cosmetic packaging specialist Lumson has completed two acquisitions this week, buying US-based Lombardi Design and Manufacturing and 100 percent of Lombardi Design & MFG Limited in Asia.

    The dual acquisition gives the Capergnanica-based packaging group direct industrial operations across Europe, North America and Asia to support global beauty and personal care brands.

    Financing and leadership terms

    Lumson completed the transactions through its US subsidiary, financing the purchases through a pool of banks, while Carl Lombardi will remain CEO of Lombardi Design and Manufacturing to ensure management continuity.

    Lombardi Design and Manufacturing will keep its corporate name and brand identity. Carl Lombardi stays on as chief executive officer to run daily operations and oversee line integration into Lumson’s global network.

    Supply chain shift for regional beauty brands

    For beauty brand managers across Asia-Pacific, the consolidation narrows the gap between European design standards and Asian production tooling. Contract manufacturers and packaging suppliers in the region face direct competition from a single supplier capable of tooling, molding and assembling primary cosmetic containers on three continents simultaneously.

    Shipping lead times will drop for prestige beauty brands that formulate in North America or Europe but package high-volume lines out of Asian facilities. By owning both the American production hub and the Asian manufacturing platform outright, the combined group eliminates third-party licensing intermediaries across the supply chain.

    Competitive pressure in contract manufacturing

    Packaging consolidators have raced to secure regional capacity as multinational beauty houses demand localized manufacturing to hedge against trade disputes and transport bottlenecks. Asian packaging suppliers now face a competitor that links Milan’s design ecosystem directly with Asian production lines without joint venture partners.

    Suppliers without cross-border manufacturing assets risk losing global product runs from conglomerate clients such as L’Oreal and Unilever. Those buyers increasingly award multi-territory contracts only to packaging specialists that maintain audited facilities in each major consumer market.

    Earlier group consolidation steps

    From its headquarters in Capergnanica, Italy, Lumson built its primary market position supplying dispensing pumps, glass containers and airless packaging systems to European beauty brands before expanding export sales into the Americas and Asia.

    The purchase of both Lombardi entities represents the group’s first cross-continental manufacturing takeover. It converts regional sales offices into wholly owned production bases.

    Integration teams will align tooling standards and quality control protocols across Lombardi’s Asian plants and US facilities through the next reporting cycle.

  • Global Food Price Index Hits Nearly Four-Year High on Sugar Surge

    Global Food Price Index Hits Nearly Four-Year High on Sugar Surge

    Global food commodity prices rose 1.9 per cent in August as the United Nations Food and Agriculture Organization price index reached 133.3 points, its highest level since November 2022.

    The increase leaves the benchmark 2.5 per cent higher than a year earlier, driven by broad gains across sugar, cereals, dairy, meat and vegetable oils.

    Sugar registered the steepest climb across the index, jumping 11.9 per cent month on month to 106.4 points. Lower expected sugarbeet yields in the European Union, production declines in Brazil, and weather concerns tied to El Niño in major Asian producers squeezed supply outlooks. India compounded the pressure by announcing duty-free raw sugar imports to shore up domestic availability.

    “August’s increase in global food prices is a warning that the risk premium is returning to food markets,” said Maximo Torero, chief economist at the FAO. Torero pointed to climate shocks, geopolitical tensions and trade logistics bottlenecks as factors tightening supply expectations.

    Grains and Oils Add Cost Pressure

    Cereal prices averaged 116.3 points in August, up 2.2 per cent from July to reach their highest reading since May 2024. Quotations rose for wheat, maize and rice, driven by strong buying interest, adverse weather across several production belts, and shipping disruptions from Black Sea ports in Ukraine.

    Vegetable oils rose 0.6 per cent to 196.9 points. Firm global import demand lifted palm and soy oil values, while dry conditions linked to El Niño threatened plantation yields in Southeast Asia. Rapeseed and sunflower oils softened slightly on expectations of steady harvest volumes.

    Dairy prices advanced 2.3 per cent to 119.2 points because of lower raw milk collections in Europe. Meat edged up 1 per cent to 127.9 points as hot weather slowed pig growth across European farms, though bovine meat prices dipped after Chinese import quotas intensified price competition between Brazilian and Australian cattle exporters.

    Margin Squeeze for Asian Food Retailers

    For packaged goods manufacturers and supermarket operators across Asia, the August index reading signals renewed margin pressure on pantry staples. Food retailers in import-dependent hubs had spent much of the past year managing lower inventory carrying costs, but rising raw input prices for sugar, wheat and cooking oils will force pricing reviews before the fourth-quarter holiday buying cycle.

    Passing higher wholesale costs directly to consumers remains difficult in markets where household budgets are already stretched by utility and transport expenses. Retailers face a choice between absorbing lower gross margins on staple categories or relying on smaller pack sizes and promotional discounts to preserve transaction volumes.

    Supply Outlook for Regional Sourcing

    The August figure sits 16.8 per cent below the all-time high recorded in March 2022, when the outbreak of war in Ukraine disrupted agricultural trade. The latest rally shows that structural supply risks remain sensitive to localized weather and trade restrictions.

    Procurement teams are now monitoring regional harvest numbers closely after the agency cut its 2026 global cereal production forecast by 2 per cent to 2.98 billion tonnes, a harvest that would still rank as the second-largest on record.

  • Vietnam Surpasses Italy to Become 10th Largest Global Steel Producer

    Vietnam Surpasses Italy to Become 10th Largest Global Steel Producer

    In April, Vietnam emerged as the 10th top crude steel producer in the world with an estimated production of 2.1 million tonnes. This landmark achievement marks the first time Vietnam has entered the top ten, surpassing Italy, as per the World Steel Association’s data.

    Growth of Vietnam’s Steel Sector

    During the first quarter of 2026, Vietnam’s crude steel production reached 8.5 million tonnes, marking an 8.4% rise from the previous year. The growth of Vietnam’s steel sector has been both quick and diverse. Initially, domestic manufacturers relied heavily on imported billets for the production of construction steel in the early 2000s.

    However, significant progress has been made since 2010, with the industry achieving self-sufficiency. At present, Vietnam is capable of manufacturing a wide array of steel products that cater to sectors like mechanical engineering, shipbuilding, energy, and defense.

    Prominent steel companies have launched large-scale and modern steel complexes. Noteworthy among these is Hoa Phat Group’s Hoa Phat Dung Quat Iron and Steel Integrated Complex. The facility is renowned for producing top-tier, specialized steel products such as engineering steel, tire cord steel, welding wire, spring steel, crane steel, prestressed steel, and rail steel for high-speed railways.

    Vietnam’s Position in the Global Steel Market

    In comparison to the 20 million tonnes produced in 2023, Vietnam’s crude steel output increased to 24.6 million tonnes in the previous year. This placed the country as the leading crude steel producer in Southeast Asia and the 11th globally.

    Hoa Phat, one of the country’s significant steel producers, contributed to 44.7% of the total production, equivalent to 11 million tonnes. The company’s annual yield is projected to rise by 30% year-on-year to exceed 14 million tonnes this year.

    Questions & Answers

    What position did Vietnam secure in the global ranking of crude steel producers in April?
    Vietnam emerged as the 10th top crude steel producer in the world in April.

    What significant transformation has Vietnam’s steel sector undergone since the early 2000s?
    From relying heavily on imported billets for construction steel in the early 2000s, Vietnam’s steel sector has achieved self-sufficiency and can now produce a wide array of steel products.

    What is the projected annual yield of Hoa Phat for this year?
    Hoa Phat’s annual yield is expected to surpass 14 million tonnes this year, marking a 30% year-on-year increase.

  • Savor Italy in Thailand: Dolce & Gabbana Launches First Luxury DG Caffe in Bangkok’s Siam Paragon Mall

    Savor Italy in Thailand: Dolce & Gabbana Launches First Luxury DG Caffe in Bangkok’s Siam Paragon Mall

    Luxury fashion house Dolce & Gabbana has established its first DG Caffe in the heart of Bangkok, housed within the bustling Siam Paragon shopping complex.

    Design Details

    Designed to exude elegance and sophistication, the cafe is adorned with Dandong Green marble flooring and walls. The marble features are complemented by Carretto Siciliano decorative panels and a background of white checkerboard wallpaper, a signature pattern for the brand.

    Adding an extra touch of luxury, tables and bar counters are constructed from Indian Green marble. These striking features are paired with plush emerald green velvet seating, adding a rich, opulent appeal to the space. Custom pendant lights and wall sconces are strategically placed to illuminate the dining and bar areas, bringing a warm, welcoming glow to the establishment.

    Italian Meets Local Cuisine

    The DG Caffe menu is a celebration of the fusion between traditional Italian and Sicilian flavours and local Thai cuisine. Patrons can look forward to an array of offerings from breakfast items to light lunches and main courses. For those with a sweet tooth, the cafe also serves a variety of pastries and desserts.

    Bridge Between Cultures

    According to Dolce & Gabbana, the DG Caffe in Bangkok is envisioned to function as a cultural bridge. The establishment aims to pay tribute to the ‘Made in Italy’ concept and the brand’s dedication to craftsmanship, while also embracing the local culture of its new Thai home.

    Questions & Answers

    Where is the first DG Caffe by Dolce & Gabbana located?
    The first DG Caffe by Dolce & Gabbana is located in the Siam Paragon shopping mall in Bangkok.

    What design elements are featured in the DG Caffe?
    The DG Caffe showcases Dandong Green marble flooring and walls, Carretto Siciliano decorative panels, Indian Green marble tables and counters, emerald green velvet seating, and custom pendant lights and wall sconces.

    What can customers expect from the DG Caffe menu?
    The DG Caffe menu offers a fusion of Italian and Sicilian flavours with Thai influences, with options ranging from breakfast dishes to light lunches, main courses, pastries, and desserts.

  • Italy Penalizes Shein $1.15M for Deceptive Eco-Friendly Claims: A Retail Wake-Up Call!

    Italy Penalizes Shein $1.15M for Deceptive Eco-Friendly Claims: A Retail Wake-Up Call!

    In a decisive move underscoring the growing scrutiny on corporate sustainability claims, Italy’s Competition Authority has levied a hefty fine of $1.15 million (€1 million) against Infinite Styles Services Co. Ltd, the company behind Shein’s European websites. This penalty stems from the publication of misleading environmental claims related to the fast-fashion giant’s clothing lines, sending ripples through the already tumultuous waters of ethical retail practices.

    Misleading Environmental Messaging

    The regulator’s investigation revealed that Shein relied on vague, generic, and often exaggerated assertions about its sustainability efforts on various digital platforms, particularly in sections like #SHEINTHEKNOW, evoluSHEIN, and Social Responsibility. These claims raised eyebrows, suggesting a level of environmental commitment that appeared more like window dressing than a genuine effort.

    Confusing Claims About Sustainability

    Focusing on the #SHEINTHEKNOW section, the authority criticized Shein for promoting the idea of a “circular system” and the recyclability of its products, labeling these statements as either misleading or outright confusing. Furthermore, the evoluSHEIN by Design line, advertised as utilizing “green” fibers, fell short of providing substantive information about tangible environmental benefits, all while failing to clarify that this line constitutes only a fraction of Shein’s vast product range.

    Vagueness About Emission Goals

    Among the contested claims was Shein’s assertion of cutting emissions by 25% by 2030, coupled with a goal of achieving net-zero emissions by 2050. The authority found these statements lacking in specificity and unsupported by factual evidence. Alarmingly, it noted an uptick in Shein’s emissions in 2023 and 2024. The watchdog highlighted the brand’s significant responsibility as a player in the highly pollutive fast fashion industry, suggesting that the façade of environmental stewardship does not align with actual practices.

    As consumers become more discerning and demand transparency from brands, Shein’s recent missteps serve as a cautionary tale within the retail sector, reminding companies that authenticity, rather than glossy claims, is the best policy—after all, consumers might not be quick to forgive when the trust is breached.

    Questions & Answers

    Why did Italy’s Competition Authority fine Shein?
    The fine was imposed because Shein was found to be using misleading environmental claims to promote its clothing, including vague assertions about sustainability and inaccurate statements regarding recycling and carbon emissions.

    What was misleading about the claims made by Shein?
    Shein’s claims included the promotion of a “circular system” and the recyclability of its products, which were found to be either confusing or false. Additionally, their marketing of “green” fibers in certain lines lacked clarity on actual environmental benefits.

    What has been the impact on Shein’s emissions trajectory?
    Contrary to its assertions of reducing emissions, Shein’s actual emissions have increased in 2023 and 2024, which has raised concerns about the validity of their sustainability commitments.

  • Australian winemakers fight EU to retain Prosecco name

    Australian winemakers fight EU to retain Prosecco name

    Winemakers from Victoria’s King Valley traveled to Canberra on Tuesday to lobby parliamentarians to protect their use of the prosecco grape variety name. Australian winemakers are “not giving any ground” against the European Union, which does not want exporters to sell foods trademarked under geographical indicators as a condition in Australia’s free trade deal.

    Australian Grape and Wine is a producer representative organization leading the campaign against the name ban. Chief executive Lee Mclean said the European Union wanted to use the Australia EU Free Trade Agreement to ban Australian producers from using the variety name.

    “The fact is, prosecco is a grape variety name, just like chardonnay or cabernet sauvignon,” Mr McLean said.

    “The European Union’s approach to this issue is motivated by a desire to protect Italian producers from the competition and nothing more.”

    In 2009, Italy changed the name of the prosecco grape variety to “glera” within the European Union.nIf the condition is agreed upon as part of Australia’s EU free trade deal, Australian winemakers could have to use “glera” or “Australian prosecco” on labels. Most Australian prosecco is produced in Victoria’s King Valley and Murray Valley where many winemakers have invested heavily in the grape variety.

    Pizzini Wines owner Alfred Pizzini said this was not the first time winemakers had been to Canberra to state their case.

    “It’s been an ongoing conversation with government,” Mr Pizzini said.

    “This is coming to a pinnacle because the free trade arrangements are negotiated as we speak and could be finalized over the next six months.”

    Mr Pizzini estimated the King Valley needed to plant up to 50 hectares of prosecco each year to keep up with demand and the loss of the name would have economic impacts on exports.

    “In the short term it would be economically damaging, but we’ve got to be careful not to give any ground because it’s the use of the name of a grape variety,” he said.

    “I think one of the potential problems we will have, a lot of export of prosecco goes through Singapore ports.

    “If we lose that name, there’s a good chance we will lose the opportunity to send prosecco through Singapore.”

    Victorian winemakers fear the loss of the name prosecco could lead to further grape variety names being banned in Australia. Brown Brothers winemaker Katherine Brown told ABC Radio they would stand strong against Italy.

    “Champagne is a method and it’s made in a certain way and we understand the French want to keep that as their own, but prosecco is a grape variety,” Ms Brown said.

    “Italians have created a region in Italy called prosecco and they are claiming now that sparkling wine that comes from there is the only wine that can have prosecco on it and the rest of us who have been using prosecco grapes need to find another name.”

  • Vietnam Airlines Set to Launch Inaugural Direct Route to Italy Next Month!

    Vietnam Airlines Set to Launch Inaugural Direct Route to Italy Next Month!

    Vietnam Airlines is set to make waves in the skies with the launch of its inaugural direct flight between Hanoi and Milan, Italy, on July 1. This move is a crucial step in expanding the airline’s European network and marks a historic first for a Vietnamese carrier, which has previously required passengers to transit through Germany or France for Italian destinations.

    New Route to Milan

    The airline will kick off this service with three weekly flights, utilizing its state-of-the-art Boeing 787 aircraft. A spokesperson for Vietnam Airlines revealed that plans are already in motion for a future direct service from Ho Chi Minh City to Milan post-2025, further enhancing connectivity between Vietnam and Italy.

    Why Milan?

    Milan, the bustling metropolis in northern Italy, is renowned as the country’s fashion capital and boasts a rich tapestry of historic architecture. It attracts millions of tourists, particularly from June to August, making it an appealing destination for both leisure and business travel. The allure of Italy is strong for Vietnamese travelers, with the country ranking among the top 10 fastest-growing sources of visitors to Vietnam. In 2024 alone, arrivals from Italy surged by a remarkable 155%, according to the Vietnam National Administration of Tourism.

    A Boost for Tourism

    The launch of this direct route is anticipated to significantly boost tourism flows between the two nations. In a promising development, discussions are underway for a visa waiver targeted at tour groups from Vietnam, which could further facilitate travel.

    Vietnam Airlines currently operates an expansive network with 106 routes, including 36 international destinations, supported by its diverse fleet of Boeing 787s and Airbus aircraft. The airline has ambitious plans for this year, aiming to launch or revive 15 international services.

    Curiously, with Milan’s fashion weeks turning heads globally, will we soon see a Vietnamese flair added to the runway?

    Questions & Answers

    What is the significance of the new flight from Hanoi to Milan?
    This direct flight is a historic first for Vietnam Airlines, enhancing travel options between Vietnam and Italy and positioning the airline as a key player in European travel.

    How many flights per week will Vietnam Airlines operate to Milan?
    Initially, Vietnam Airlines will operate three flights per week between Hanoi and Milan.

    What are the future plans for Vietnam Airlines regarding Italy?
    Vietnam Airlines intends to launch a direct service to Milan from Ho Chi Minh City after 2025, further expanding its European routes.

  • Italian motorbike brand Ducati to shut down only northern Vietnam store

    Italian motorbike brand Ducati to shut down only northern Vietnam store

    Ducati Vietnam will close its Hanoi showroom – the only one serving northern Vietnam – on Tuesday, citing market challenges.
    While the Hanoi dealership would cease operations, Ducati would continue to offer maintenance and repair services in the city, a Ducati Vietnam representative said.

    The closure decision stemmed from the lower-than-expected performance of the northern dealership.

    Although specific sales figures remain undisclosed, the representative indicated that the bulk of Ducati sales originate from customers in southern Vietnam.

    The representative acknowledged this move “would make it difficult for northern customers wanting to learn about and experience Ducati bikes.”

    The Hanoi showroom has been operating for nearly four years.

    Ducati currently offers nine models in Vietnam in a range of categories including scrambler, naked bike, sport, and adventure, all imported from Thailand.

    The importer and distributor for Ducati in Vietnam is CT-Wearnes Vietnam, a subsidiary of Singapore-based Wearnes Automotive.

    CT-Wearnes also distributes luxury car brands Bentley and Aston Martin in the country.

    In the motorcycle sector, CT-Wearnes previously handled distribution for India’s Royal Enfield from September 2022 but ceased operations for that brand exactly two years later, in September 2024, due to low sales volume.

    The closure occurs against a backdrop of a struggling market for large-displacement motorcycles (over 175cc) in Vietnam.

    Unlike the scooter segment, official sales data for these motorcycles is not regularly published. All such motorcycles sold locally are imported, primarily from Thailand.

    A sales manager at an official motorcycle dealership in HCMC highlighted a sharp decline in demand over the past two years, estimating that overall motorbike sales fell by approximately 30% in 2024 compared to 2023.

    “The enthusiasm for large bikes has cooled down due to economic difficulties as well as stricter government regulations on modifications and upgrades,” the manager said.

    “Motorbike dealerships all have to cut costs to make a profit.”

    Despite the downturn, Vietnam’s motorcycle market features most major global manufacturers.

    Competitors include Japanese brands like Honda and Yamaha, and Italian producers such as Ducati, Aprilia, and Moto Guzzi. There are also products from the U.K.’s Triumph, and Germany’s BMW Motorrad.

    Currently, Al Naboodah International Vietnam holds the distribution rights for the largest number of motorcycle brands, including Harley-Davidson, Triumph, KTM, and Husqvarna.

  • Italian outerwear label Herno makes global duty-free debut in Korea

    Italian outerwear label Herno makes global duty-free debut in Korea

    Italian luxury brand Herno has made its first presence in South Korea, in partnership with Shinsegae International. The launch also marks Herno’s first presence in a duty-free shop.

    Located on the ninth floor of the Shinsegae Duty-Free Myeongdong branch, the store offers its latest winter collection in a variety of colors, with products made primarily of cashmere, silk, goose down, and nylon.

    “Even though outerwear is expensive, there is a perception that people buy high-quality products and wear them for a long time, so the demand for luxury padding is steadily increasing,” said a representative for Shinsegae International Herno.

    “As the number of travelers leaving overseas, including foreign tourists, is rapidly increasing ahead of the end of the year. We are expecting a good response from the Shinsegae Duty Free Myeongdong branch.”

    Herno, founded in 1948 by Giuseppe Marnezi, is notable for not showing its logos, in line with the quiet luxury trend. The decision to create a duty-free store was made in reaction to South Korea’s emergence as a centre of luxury fashion, the recent growth in international tourists visiting Korea, and the rapid increase in overseas travel by Koreans.

  • Italian products thriving in the Australian market

    Italian products thriving in the Australian market

    The Australian market has seen a great surge in Italian imports in recent years, indicating broad consumer taste for all things “Made in Italy”, with special emphasis on authentic Italian-made food products.

    Whilst there remains a shortage of official data on Italian product consumption in Australia, import records reveal a compelling story – a diverse range of products, from processed tomatoes to fine wines, pasta to chocolate, have garnered substantial attention from Australian consumers.

    According to data from the Australian Bureau of Statistics, F&B imports from Italy to Australia have reached a value of $1.13 billion in the year ending December 2022, a year-on-year increase of 15.6 percent.

    “Across the past 10 years, we have seen the value of all Australian F&B imports double,” says Simona Bernardini, director of the Italian Trade Agency’s Sydney office, “with Italy maintaining fifth position in the world rank as one of the major trade partners for Australia in front of other European countries.”

    Italy has emerged as Australia’s top trade partner for processed tomatoes, securing a substantial 71 percent market share valued at $123 million. It is also Australia’s primary supplier of pasta – the quintessential Italian food product for most Australian consumers – with a 19 percent share at $90 million. Italy is also at the front of the pack in multiple F&B categories, including wine ($131 million), chocolate and products containing cocoa ($89.5 million), cheese ($80.5 million), baked products ($50.6 million), sauces and mix condiments ($65 million) and olive oil ($32 million).

    “Major Italian players such as Lavazza, Barilla, Ferrero, and Campari have successfully navigated the Australian market by strategically focusing on marketing and communication”, observes Bernardini.

    Despite these achievements, she maintains that there is a vast untapped potential beyond pasta, citing the diversity of Italian culinary delights: “Italy has a huge variety and number of food products to offer, still unknown to Australian consumers,” she emphasizes. “The food processing industry plays a vital role in the economy of our country.

    “Over the years, manufacturing processes have become more advanced, and many companies continue to invest in cutting-edge technologies. We also offer an extensive range of organic and ‘free-from’ products designed for people with food intolerance and allergies.”

    Italy’s dedication to sustainability aligns well with Australian consumer preferences. However, Bernardini acknowledges the need for more transparent regulations in Australia, saying: “Clear regulations are needed, firstly in product labelling and to limit greenwashing practices.” Scrutiny from the Australian Competition and Consumer Commission – which has clamped down on claims of sustainability – underscores the importance of authentic communication in this area.

    Italy’s agricultural sector is considered amongst the greenest in Europe, with the least number of agri-food products containing irregular chemical residues. It is the second country in the EU for agricultural land dedicated to organic farming, and the second country in the world for the export of organic products. Italy features about 840 geographical indications certified as “protected designations of origins” (PDO) and “protected geographical indications” (PGI) also recognised by EU regulations, and which guarantee high-quality standards of a wide variety of food products, wines, and spirits.

    E-commerce remains a pivotal avenue for Italian businesses to broaden their reach in the Australian market. Whilst in other countries Italian food companies have been working actively on digital platforms and marketplaces, accessing the Australian online market involves long-term planning due to transport, food perishability, standards, quotas, and import duties’ impact on imported products.

    “We hope that in the future there will be further development in the Australian market,” says Bernardini, “with an expansion of marketplaces and digital platforms more focused on the F&B segment that could become the springboard for more gourmet food available through online channels.”

    As far as Bernardini sees, there lies significant potential ahead for the Italian/Australian trade relationship, especially in the F&B category. The Australian demographic features a good number of dual-income households, with poor time for cooking and a steady demand for ready-to-eat foods. At the same time, Australians are becoming more oriented to freshness, wholesomeness, and healthy lifestyles – to a large extent, they are willing to pay a “premium price” for food with those characteristics. For these reasons, many Australian importers visit Italy at least once a year to see what’s new, and to place orders if they find products that fit the demand.

    “As educated and affluent consumers, Australians are willing to try new products,” she says. “Furthermore, the country receives a growing number of immigrants from all over the world, bringing with them different food tastes and boosting the diversity of the culinary scene in Australia. In addition, Australians love to travel, and often they take time to visit Europe and Italy, bringing back memories of the food and flavours they enjoyed abroad.”

  • Barilla takes the plastic out of its blue-box range

    Barilla takes the plastic out of its blue-box range

    We decided to get rid of the plastic window we had on our boxes to move towards a more sustainable solution and reduce the number of materials used for our packaging. This allowed us to avoid placing unnecessary plastic on the market, amounting to around 126.000 kg of plastic per year*.

    Although the window on our boxes wasn’t limiting the recyclability of our packs—as modern recycling systems can differentiate—we opted for a more sustainable one: as we will always look at how we can become even more sustainable at Barilla.

  • Ferrari Drops First Official Teaser For Purosangue SUV

    Ferrari Drops First Official Teaser For Purosangue SUV

    Italian marque Ferrari has dropped the first official teaser for its first-ever SUV, the Purosangue. The hotly-anticipated model has been a part of the folklore much before Ferrari officially announced its intention to build one and has been at the receiving end of some polarising opinions over the years. While some have been calling it blasphemous for straying too far from the brand’s origins, the others see it as an evolutionary tale of changing times and customer needs. Either way, the Ferrari Purosangue will be the four-door SUV and it will make its public debut sometime later this year, going by the brand’s Instagram post.

    The teaser image offers a shadowed look at the front profile but little tweaks that include turning the brightness all the way up gives a clearer look at some of the design details. The split headlamp design has been borrowed from the SF90 and the F8 Tributo supercars. There’s more muscle though and a slightly more heft in the design.

    There’s no word on the powertrain yet but the Purosangue is expected to draw power from a twin-turbo V8 engine that could make about 700 bhp. A smaller V6 hybrid cannot be ruled out either. Power will be sent to all four wheels via a dual-clutch transmission. A V12 is less likely but maybe that’s the redemption key that would turn naysayers into fans of the “FUV.”

    More details on the upcoming Ferrari Purosangue will be available later in the year. And you can expect more teasers to follow. Production will begin in 2022 while deliveries are likely to begin sometime in 2023. Can the Purosangue replicate the Lamborghini Urus’ success? We’ll find out soon enough.

  • Zurich Sells Life Insurance Book in Italy

    Zurich Sells Life Insurance Book in Italy

    The Swiss insurer is disposing of a life insurance portfolio in Italy. The deal lowers credit risk and boost capital.

    Zurich Insurance is selling its life and pension business to Gamalife, a Lisbon-based insurer, it said in a statement on Monday. Neither party disclosed financial details of the transaction.

    The deal encompasses traditional and unit-linked policies and will see $9.5 billion in net reserves transferred to Gamalife. Zurich said this will lead to a result of roughly $1.2 billion of capital and add 11 percentage points to its solvency ratio.

    Zurich, which said the sale lowers its exposure to credit risk considerably, expects to benefit from a $200 million boost in liquidity as well.