Zara’s celebrity chic helps make its Spanish parent company, Inditex SA, the world’s biggest fashion retailer. Singer Taylor Swift, reality-television personality Kim Kardashian and Kate Middleton, Prince William’s wife, have all been spotted wearing the stylish, low-cost brand.
While Fiat SpA Chief Executive Officer Sergio Marchionne, 61, got the spotlight for the New Year’s Day swoop to secure full control of Chrysler Group LLC, a reserved 37-year-old will ultimately determine whether that transatlantic combination succeeds.
Prime Minister Enrico Letta’s government will review the aid that Italy’s postal system gets from the state, including annual pension relief of almost 1 billion euros ($1.4 billion), before its partial sale planned for this year, a senior official said.
Telecom Italia SpA Chief Operating Officer Marco Patuano will take over responsibilities left behind by Chief Executive Officer Franco Bernabe, who stepped down after clashing with shareholders over strategic directions at Italy’s biggest phone company.
Sergio Marchionne’s five-year effort to merge Fiat SpA and Chrysler Group LLC culminated in a Florida beach town, where the workaholic chief executive officer spent hours nailing a deal that was announced New Year’s Day.