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Magazine article (E&M - 2023/3) Lojacono Gabriella

Excellence Becomes a Group: the Case of Florence

When we talk about the luxury market, we celebrate the brilliant sales results of the last two years and the amazing performance of some brands that are protagonists, using indicators ranging from turnover, to profitability, to the growth of direct stores, to brand equity, and the performance on the capital market. The latest report by Deloitte (Global Power of Luxury Goods 2022)[1] shows a varied ...

Magazine article (E&M - 2023/3) Kim Sowon, Girardin Florent, Fuchs Matthias

Luxury Hospitality: Challenges, Trends, and Good Practices

The luxury market is undergoing a significant shift, as the upcoming generations of consumers are expected to dominate the market in the future. Generations Y and Z, born between 1981 and 2012, are set to represent 80% of the global personal luxury goods market by 2030 (Bain & Company, 2023). These young consumers have a different approach to luxury than older generations. They value meaningful luxury ...

Magazine article (E&M - 2023/3) Vigneron Cyrille

Jewelry between Continuity and Transformation

First paradox: What is new and what is not The pandemic crisis has accelerated a trend that was already visible before: the dominant presence of iconic products lines, which have been in the market for years. The Cartier Love or Juste un Clou, Van Cleef Alhambra, Bvlgari B01 or Serpenti, Tiffany T, and others have earned an increasing market share on the global scene. New lines are emerging ...

Magazine article (E&M - 2023/4) Ruta Dino, Palmieri Antonio

Why Sports Facilities Are a Winning Business (for Everyone)

Modern stadiums and arenas are no longer just places of play; they are also spaces that catalyze economic growth and social change within their communities. In a context where the demand for sports and entertainment is constantly increasing and evolving, the convergence between business and facility development has become more evident than ever. According to PwC's Sports Outlook 2023 report, it is ...

Magazine article (E&M - 2023/4) Zirpoli Francesco

The Great Challenges for Italian Industry

The automotive industry represents one of the pillars of the Italian economy. However, starting from 2000, the crisis of the FIAT production model, culminating in the merger between FCA and PSA, has led to a significant contraction in production and, consequently, in turnover. Italy remains an important player but risks lagging behind, threatened by the competition from other European countries. There ...

Magazine article (E&M - 2023/4) Moretti Anna, Li Pira Stefano

The Electric Revolution of the Italian Automotive

The automotive industry is a central sector for the European economy, both in terms of its contribution to the generation of economic value (estimated at around 4% of European GDP) and the direct or indirect employment of over 12 million people. The importance of the industry for European and national economies makes competitiveness and sustainability fundamental priorities for policymakers. In a ...

Magazine article (E&M - 2023/4) Bubbico Davide

Transition to Electric: the Risks for Employment

The electric vehicle industry will have an impact on employment whose extent is debated by experts in the field. The Italian plants of Stellantis and companies related to the powertrain will likely face additional challenges beyond just electric vehicles themselves. What is apparent is the absence of an industrial policy and employment requalification initiatives, a situation that risks further compromising ...

Magazine article (E&M - 2023/4) Colm Laura

Sustainable Mobility Between Obligation and Aspiration

Sustainable urban mobility has become a crucial objective in response to global climate change and the United Nations' 2030 Agenda. The 2015 Paris Accord drew attention to the need to reduce greenhouse gas emissions and limit global warming, with the European Union even aiming for climate neutrality by 2050. This necessity implies a fundamental reform of mobility in urban areas. Smart cities are adopting ...

Magazine article (E&M - 2023/4) Perugini Mario

A Great Future Behind Us?

The history of the Italian automotive industry, from the birth of FIAT to the formation of the Stellantis Group, represents a path that has not always been linear, marked by economic growth and contraction of productivity, labor disputes and more or less satisfactory agreements. The entry of Sergio Marchionne into the FIAT Group marked an international opening that, while avoiding the collapse of ...

Magazine article (E&M - 2023/4) De Palma Michele

Public Policies for Recovery

The crisis in the Italian automotive sector, which has been ongoing since the late 1990s, affects all sectors of the industry: from production to employment, from the lack of investments in R&D to the delay in the ecological transition. Labor unions play a crucial role in proposing agreements that can revive employment and stimulate the investments necessary for sustainable growth.