Brioni opens books to attract suitors

Article Abstract:

Brioni Roman Style S.p.A., Italy's luxury menswear firm, has for the first time released its financial results in an effort to win outside investors. Operating profits more than doubled last year to reach 25 mil euro, with an 18% rise in sales to reach 193 mil euro. Sales for 2007 are expected to reach 210 mil euro.

Sales, profits & dividends, APPAREL AND OTHER TEXTILE PRODUCTS, Company sales and earnings, Clothing industry, Company earnings/profit, Luxuries

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Alitalia draws interest from 11 possible suitors

Article Abstract:

Alitalia Linee Aeree Italiane S.p.A. of Italy is on the block with 11 potential bidders. The Italian government owns 49.9 percent the airlines and would like to sell at the minimum a 30.1 percent stake. Alitalia Linee Aeree Italiane S.p.A. is valued at 1.49 billion Euros ($1.92 billion).

Acquisitions & mergers, Air Transportation, Scheduled, And Air Courier Services, Mergers, acquisitions and divestments, Company acquisition/merger, Airlines, Linee Aeree Italiane S.p.A., Company overview

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Italy's government remains in limbo, as does economy

Article Abstract:

Romano Prodi has a borderline victory in Italian federal elections that may stall the formation of a government for two months, also postponing economic reforms. Prime Minister Silvio Berlusconi has not conceded the election claiming voting irregularities.

Public affairs, Political activity, Elections, Prodi, Romano, Berlusconi, Silvio, Contested elections

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