Ten 'Italian' firms that aren't actually Italian
The Local Italy - [email protected]
Published: 27 Mar, 2015 CET.
Updated: Fri 27 Mar 2015 10:40 CET
The takeover of tyre maker Pirelli by a Chinese firm ignited some fiery debate over the loss of homegrown businesses this week. But the acquisition of prized Italian assets started years ago. The Local has compiled a list of some of the biggest brands that are foreign-owned.
The sale of any big and well-loved brand to an overseas buyer always sparks passionate debate, with fears that it will be a loss to the country.
But some Italian brands have thrived in foreign hands, enabling them to capture far-flung markets, and yet are still strongly tied to Italy despite their ownership structure.
Since mergers and acquisitions took off in the 1980s, a number of sought-after Italian firms, some on the verge of bankruptcy, have been snapped up.
From fashion to luxury cars, take a look at The Local's list of ten Italian firms that are foreign-owned.
Comments
See Also
The sale of any big and well-loved brand to an overseas buyer always sparks passionate debate, with fears that it will be a loss to the country.
But some Italian brands have thrived in foreign hands, enabling them to capture far-flung markets, and yet are still strongly tied to Italy despite their ownership structure.
Since mergers and acquisitions took off in the 1980s, a number of sought-after Italian firms, some on the verge of bankruptcy, have been snapped up.
From fashion to luxury cars, take a look at The Local's list of ten Italian firms that are foreign-owned.
Join the conversation in our comments section below. Share your own views and experience and if you have a question or suggestion for our journalists then email us at [email protected].
Please keep comments civil, constructive and on topic – and make sure to read our terms of use before getting involved.
Please log in here to leave a comment.