The Local List

Ten ‘Italian’ firms that aren’t actually Italian

Ten 'Italian' firms that aren't actually Italian
Baci, the chocolate made by Perugina, kissed goodbye to Italy when it was bought by Nestlé in 1998. Photo: Baci photo: Shutterstock
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.


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