Fusioni & Acquisizioni

💶 A historic record store in a historic district of Naples closes amid an influx of low-quality pizzerias and fry shops that have taken over the streets, with commercial activities conforming until a ban expires in 2026. The U.S. Federal Aviation Administration has established regulations for a new category of electric vertical takeoff and landing vehicles (eVTOLs), marking the first new category since 1940, signifying a potential multimillion-dollar market. In Cinque Terre, the Via dell'Amore is closed again due to a landslide after years of repairs, with reopening dependent on initial safety work. Mexican firm The Place Company, with a 1 billion euro budget, seeks luxury five-star hotels in Europe targeting an 8% gross investment return. The roots of Halloween date back 2,000 years to Ireland, with the Samhain festival marking the end of the harvest season and the beginning of winter. Derry hosts Europe's largest Halloween festival.

🏨 Investment funds are increasingly focusing on the Capital for hotel business opportunities, driven by the steady arrival of foreign tourists. Following the pandemic, the hospitality sector is back in motion. Foreign tourists, particularly high spenders, seek privacy and high-end hotels, as emphasized by a recent article on InOut Review discussing a new super-exclusive opening in Rome. This positions Rome slightly ahead of Milan in the competitive hospitality market, enjoying a boom marked by high traffic data announced by US airlines for connections to Rome Fiumicino.

✈ Ethiopian Airlines partners with Euroairlines to manage both domestic and international routes, expanding access to a network in over 60 countries. Ethiopian, with 78 years of experience, serves 136 international destinations, including 63 African cities. Euroairlines CEO, Antonio Lopez-Lázaro, sees the partnership as a growth strategy in Africa. The alliance also aims to boost Ethiopian Airlines’ connectivity to Central and South America via Madrid, noted by Euroairlines' director Guillermo López-Lázaro.

📍 Ouigo, the low-cost branch of SNCF, launched 10,000 tickets at 1 euro in Spain, following a similar initiative in April. Spanish Transport Minister Óscar Puente previously opposed such aggressive pricing, considering a complaint to the European Union. The move rekindles the debate on commercial policies.

🏩 Emirates signed a memorandum of understanding with Vietnam Airlines and VietJet to enhance connectivity from Dubai to Vietnam via Ho Chi Minh City and Hanoi. The agreement aims to expand their current collaboration, improve connectivity on routes beyond the existing interline partnership, and potentially offer mutual loyalty program benefits. This is part of the UAE's efforts to strengthen economic ties with Vietnam, a key Southeast Asian hub.

✈ Lufthansa aims to close 2024 with a significant expansion by potentially acquiring 10% of airBaltic by year-end, following its deal with Ita Airways. The exact agreement with the Latvian airline has yet to be signed, but Lufthansa has recently extended its wet lease contract with airBaltic.

✈ Lufthansa aims to close 2024 with a double acquisition, potentially adding 10% of airBaltic to its portfolio by year-end, following the Ita Airways deal. The German airline's expansion through corporate acquisitions continues, although the airBaltic agreement is not yet signed, and a recent wet lease contract has been extended between the two airlines.

📍 Trenitalia and ITA Airways launched a status match campaign starting from October 22 for a duration of two weeks. Eligible members of CartaFRECCIA and Volare loyalty programs can request equivalent status recognition valid until December 31, 2025. CartaFRECCIA has over 10 million members, while Volare, launched over two years ago, boasts 2.5 million members and 35 commercial partners, including a new subprogram for children and teens launched in March 2024.

🎭 Associazione Parchi Permanenti Italiani announces a €450 million investment over the next three years. Luciano Pareschi, the association's president, outlines 4 macro intervention areas: safety, sustainability, smile, and service, leveraging new technologies including artificial intelligence. Tourism Minister Daniela Santanché highlights the economic impact of amusement parks. Secretary Maurizio Crisanti confirms parks are central to tourism, with promising data for 2024 and positive expectations for year-end, boosted by Halloween and Christmas seasons.

💵 Conserve Italia reported positive growth, closing the 2023-2024 fiscal year on June 30 with a consolidated turnover of €1.2 billion, a 5% increase from the previous year. Net profits hit €12.3 million, with net financial position reaching €150 million, marking a €15 million improvement and continuing a 20-year downward trend. EBITDA was €86 million. Revenue growth was led by the parent company Conserve Italia Soc. Coop. Agricola (+6%) and subsidiaries Juver Alimentación in Spain (+4%) and Conserves France (+7%). Export sales, representing 47% of total sales, increased by 5%, particularly for the Cirio brand. The group processed 518,284 tons of fruits, vegetables, and grains from about 14,000 hectares in Italy, distributing over €100 million to member farmers. A three-year €86.6 million investment plan aims to improve production, efficiency, and sustainability. Maurizio Gardini was unanimously re-elected as president for another three years.