Staying Informed

Italy's Morellato not for sale, eyes other domestic brands: CEO

By Agnieszka Flak VICENZA, Italy (Reuters) - Italian jewelry and watch maker Morellato Group is not for sale and hopes to add other domestic brands to its portfolio, chief executive Massimo Carraro said. The global financial crisis, which sapped consumer demand for luxury goods and dried up finance, has turned many Italian jewelers into targets or put some out of business altogether. "We are not ...

 

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