Money Buzz! Europa

Category: Milan

  • Italian brand Technogym opens new retail store in Los Angeles

    Italian brand Technogym opens new retail store in Los Angeles

    Technogym, one of the the world’s leading wellness companies, opened its brand-new retail store in Los Angeles, California.

    The two-floor space, located at 131 North Robertson Boulevard in the heart of the West Hollywood Design District, totals over 3,500 square feet.

    The store will also have access to experienced personal trainers and interior designers for bespoke home-gym projects and personalized consultations.

    Technogym LA is open Monday to Saturday from 10 AM to 6 PM.

    This store opening is part of the overall retail project that includes the direct presence of Technogym in the main cities around the world: Milan, New York, Madrid, Dubai, Mexico City, Doha, Vienna, Zurich, Moscow, and a dedicated space inside Harrod’s department store in London.

  • Enel X launches e-mobility services in China

    Enel X launches e-mobility services in China

    Enel X launched its first commercial office in China, by opening in the country an office dedicated to e-Mobility.

    Located in Shanghai, Enel X China will deploy its charging infrastructure equipment, systems, and platforms for new energy vehicles, including plug-in hybrids and fully-electric vehicles, leveraging on the country’s fast-paced development of clean transportation.

    Enel X China will work in collaboration with automakers, commercial, industrial and residential customers, electric utilities, as well as energy markets.

    The company will provide electric vehicle charging infrastructure for the electric mobility of the future, including a complete line of smart electric vehicle charging stations and custom solutions for private households, businesses, and municipalities.

    The local office is engaging with several Chinese and global automakers, vehicle fleets, and commercial real-estate operators to introduce charging solutions using JuiceBox technology.

  • Enel Green Power and Novartis strike deal for renewable energy agreement

    Enel Green Power and Novartis strike deal for renewable energy agreement

    Enel Green Power and Novartis have signed a 10 year, 100% renewable Virtual Power Purchase Agreement (VPPA) for 78 MW of renewable power.

    This Pan-European VPPA will start in January 2022 and will help Novartis achieve its goals for 100% renewable electricity and carbon-neutrality across its European operations by 2025.

    The energy through this VPPA will be generated by the 179.9 MW TICO Wind Farm, located in the Spanish province of Zaragoza, which will be operational in early 2022.

    Through the agreement, the renewable energy provided to Novartis will avoid the annual emission of around 96,400 tons of CO2 into the atmosphere.

  • Italy, Spain and France are the largest wine producers in EU

    Italy, Spain and France are the largest wine producers in EU

    In 2019, the sold production of wine (including sparkling wine, port and grape must) in the EU was around 16 billion (bn) litres.

    The largest wine producers were Italy, Spain and France, followed by Portugal, Germany and Hungary, Eurostat shows.

    Italy produced over 5,5 billion litres in 2019 (around 35% of total EU wine production), Spain produced 4,3 billion litres and France 3,4 billion litres.

    Italy EU’s top exporter of wines

    In 2019, the EU Member States exported 7.1 bn litres of wine.

    Almost half of this wine was exported to countries outside of the EU (3.1 bn litres, or 43% of the total wine exports), mainly to the United Kingdom (0.69 bn litres, or 22% of extra-EU exports) and the United States (0.65 bn litres, 21%), followed by Russia (0.28 bn litres, 9%) and China (0.25 bn litres, 8%).

    Italy was by far the top exporter of wine, with extra-EU exports of 1.1 bn litres in 2019, representing 34% of the EU Member States’ extra-EU exports of wine. It was followed by France (0.8 bn litres, 25%) and Spain (0.7 bn litres, 22%).

    Top importer: Germany

    The EU Member States imported a total of 4.8 bn litres of wine in 2019. Only 16% of this came from non-EU countries, notably from Chile (0.17 bn litres, 23% of extra-EU imports) and South Africa (0.16 bn litres, 21%).

    Among the EU Member States, the largest importers of wine were Germany (0.23 bn litres, or 30% of the EU Member States’ extra-EU imports), the Netherlands (0.11 bn litres, 15%), Denmark (0.07 bn litres, 9%), Sweden (0.06 bn litres, 8%), Belgium and France (both 0.05 bn litres, 7%) and Ireland (almost 0.05 bn litres, 6%).

  • EdisonRisolve, the platform that solves domestic needs, available in Milan

    EdisonRisolve, the platform that solves domestic needs, available in Milan

    EdisonRisolve, an Italian platform that aggregates all services you may need for your home is available in Milan.

    The platform offers services like housecleaning, washing or ironing, small repairs, virtual wardrobe or house renovation services.

    EdisonRisolve subscription costs €1.99/month (€23.88 per year, billed once a year for one solution).

    Once you activate the subscription you can request the services you want by calling a dedicated number, available 24 hours/24, 7 days/7.

    At the moment the service is active only in the municipality of Milan.

    As part of Eddison Energia, this is the first on-demand platform of an energy operator that easily aggregates all home services.

  • McDonald’s opens a new restaurant in Sesto San Giovanni, Milan

    McDonald’s opens a new restaurant in Sesto San Giovanni, Milan

    The new McDonald’s restaurant in Sesto San Giovanni, located in Via dei Partigiani, 145, was opened last Friday, as Milano Today reports.

    The new venue, with 260 seats inside and outside, is complete with an McDrive lane and a McCafé.

    In the restaurant there are also digital kiosks for self-service ordering.

    Under anti-Covid regulations, in effect from November 6, the restaurant will serve its customers through its takeaway services, McDrive and McDelivery.

    Thus, the takeaway service is available from Monday to Sunday, from 7:00 AM to 10:00 PM.

    McDrive service will also be active, operating 7 days a week from 7:00 to 22:00.

    There is also the McDelivery service, available from 7 AM to 3 PM, from Sunday to Thursday and always active on Saturdays and Sundays.

  • Carioca SpA headquarters powered by 1,248 SunPower Performance solar panels

    Carioca SpA headquarters powered by 1,248 SunPower Performance solar panels

    Maxeon Solar Technologies SunPower Performance solar panels are now powering the Headquarters of Carioca SpA located in the North-West of Italy.

    Covering a rooftop area of about 2,574 square meters, the 500 kW SunPower technology based PV array is one of the largest commercial solar installations for self-consumption purposes in the area.

    Maxeon estimates the installation is expected to generate around 524,000 kWh of clean electricity and mitigate 278,244 kg of carbon dioxide emissions annually.

    The system will provide 15% of the facility’s total energy, offsetting purchased utility power by the same percentage and delivering approximately 57,000€ in savings per year over the solar system’s estimated 25-year or longer lifespan.

    The system features 1,248 SunPower Performance solar panels.

  • Average per capita purchasing power in Italy at €16,439 in 2020

    Average per capita purchasing power in Italy at €16,439 in 2020

    In Italy the average per capita purchasing power is €16,439 in 2020, as shown on ”GfK Purchasing Power Europe 2020” report.

    This puts Italians around 18 percent above the European average and in sixteenth place among the 42 countries considered by GfK’s study. 

    There is a significant north-south divide in the distribution of purchasing power between Italy’s affluent north and poorer south. All of the provinces in the top ten are located in the north of Italy. The province of Milano remains at the top of the rankings.

    The area around the fashion metropolis has a per capita purchasing power of €23,507, which is 43 percent above the national average and more than 69 percent above the European average.

    New to the top ten is the province of Firenze, which occupies tenth place and ousts the province of Valle d’Aosta/Vallee d’Aoste from the top ten. The provinces of Monza e della Brianza and Genova switch fifth and eighth places in the rankings.

    The ten least affluent provinces are all located in southern Italy

    Last place goes to Crotone, which is situated in the country’s far south.

    Inhabitants of this province have a per capita purchasing power of €9,119, which is around 45 percent less than the national average and around 34 percent less than the European average.

  • Sphera Franchise Group opens KFC restaurant number 18 in Italy

    Sphera Franchise Group opens KFC restaurant number 18 in Italy

    Sphera Franchise Group opened the second KFC unit in Rome, after the restaurant opened earlier this year, at Tiburtina train station.

    The new restaurant is part of Da Vinci Village, located on 9 Rino Gaetano Street, an extension of the Da Vinci Shopping Center in Fiumicino, Rome.

    The new restaurant has digital menu boards and kiosk-type devices through which customers can place orders quickly.

    In addition, the restaurant has a free refreshment system for soft drinks and free Wi-Fi.

    With an area of ​​over 350 sq m, KFC Rome Da Vinci Village has about 100 seats and its own terrace.

  • Coronavirus could kill Milan’s fashion sector

    Coronavirus could kill Milan’s fashion sector

    The fashion sector, one of Milan’s leading industries, is in crisis. The alarm was raised by Federmoda which calculated how 12 thousand stores in Lombardy suffered a drastic drop in sales of more than 50%, Milano Today reports.

    The association foresees a total loss of over 3.7 billion euros in Milan fashion retail alone at the end of the year, with the definitive closure of 350-400 stores out of over 2.500 in the city.

    The Italian city of Milan is recognised internationally as one of the world’s most important fashion capitals, along with Paris, New York and London.

    In 2019, via Montenapoleone in Milan ranked as the most expensive retail location in Italy. The average yearly rent in the Milanese luxury shopping street was as high as 13.7 thousand euros per square meter.

  • Italian economy recovered slightly in the third quarter

    Italian economy recovered slightly in the third quarter

    In the third quarter, Italy Gross Domestic Product increased by 16.1% with respect to the previous quarter, whereas it decreased by 4.7% over the same quarter of 2019.

    As for external trade, in August, seasonally-adjusted data, compared to July, rose by +3.3% for outgoing flows and by +5.1% for incoming flows.

    Exports grew for both EU countries (+5.3%) and non EU countries (+1.2%). Imports increased by +5.2% for EU countries and by +4.9% for non EU countries.

    Over the last three months, seasonally-adjusted data, compared to the previous three months, increased for both exports (+26.2%) and imports (+18.7%).

    In September, in seasonally adjusted terms, exports to non-EU27countries increased by 8.3% and imports decreased by 2.7% compared with August.

    In September, unemployment continued the decrease already began in August

    In the period July-September, with respect to the previous quarter, employment grew (+0.5%, +113 thousand).

    According to preliminary estimates, in October the rate of change of the Italian consumer price index for the whole nation (NIC) was +0.2% on monthly basis and -0.3% on annual basis (from -0.6% in September).

    The halving of the decrease of consumer price indices was mainly due to the speed-up of the growth of the prices of unprocessed food and to the reduction of the drop of those of regulated energy products.

  • Enel net income up 9% in the first nine months of 2020

    Enel net income up 9% in the first nine months of 2020

    Enel revenues at 48,050 million euros (59,332 million euros in the first nine months of 2019, -19.0%). EBITDA at 12,705 million euros (13,209 million euros in the first nine months of 2019, -3.8%).

    EBIT at 6,975 million euros (4,199 million euros in the first nine months of 2019, +66.1%).

    Enel group net income at 2,921 million euros (813 million euros in the first nine months of 2019, +259.3%) and net financial debt: 48,953 million euros (45,175 million euros in full year 2019, +8.4%).

    Enel interim dividend for 2020 of 0.175 euros per share, in payment from January 20th, 2021, an increase of 9.4% compared with the interim dividend distributed in January this year