With Armani fashion returns to the catwalk. While Italy looks to the EU green light to the PNRR

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Monday 21 June – Armani is back on the catwalk live

Giorgio Armani he has always been a forerunner, in design as well as in strategic choices. He was the first to decide, already in February 2020, well before the peak of the pandemic, to parade behind closed doors, recording the show in an empty theater and broadcasting the show in streaming. Now he is the first to return to the catwalk. It does so today in the courtyard of via Borgonuovo 21, the site that historically housed the presentations of its collections. The group announced that the next Giorgio Armani Privé haute couture collection will also be held in attendance on 6 July in Paris, during the week of Haute Couture at a symbolic place: the Embassy of Italy. In this difficult year, Armani has not only rethought the fashion shows. It invested 13 million to enter with 4.99% of the capital of Italian Sea Group, supporting a young company in the shipbuilding industry for luxury yachts on its way to Piazza Affari. And he continued to grow his group internationally by entering into an agreement with the real estate development company Voshod to give life to the Armani / Casa Moscow Residences residential project, which will be built in Moscow, a few steps from the State Tretyakov Art Gallery.

Tuesday 22 June – The green light for Italy’s PNRR

Now it’s up to Italy. The president Ursula von der Leyen had decided to spread the green lights of the EU Council over several days to give the green light to the recovery plans of the individual European countries. After those of Denmark, France, Germany and Greece and therefore of Austria, Luxembourg and other nations, the clearances are expected on 22 June and the relative publication of the opinions on the plans of Italy and Belgium. Von der Leyen will fly to Rome to present the evaluation of the plan to the Italian government which will then be presented to the European Council on 23 and 24 June. Among the documents under consideration there is also the map of the intermediate and final objectives that each country must comply with in order to obtain the subsequent tranches of the anti-crisis aid and a full-bodied document in which the plans are analyzed in detail in relation to the objectives and requirements of the Next Generation operation. EU, to the EU recommendations. At this point, only on 13 July will Ecofin decide on the plans licensed by the Commission. But the real test of the implementation of the plans, both for investments and for reforms, will be in six to seven months, when each state asks for the second tranche. At that moment it will be necessary to demonstrate that the intermediate objectives of the plan have been respected. So the belief is that things need to be done right now.

Tuesday 22 June – In Catania, work and education to the attention of the G20

“It will be a great opportunity to face the challenges of the pandemic”, the Minister of Labor has already said. Andrea Orlando that last week met with the social partners in preparation for the G20 on Labor. Italy will lead the event and focus on some major issues such as gender equality, the impact of new technologies on employment and the extension of social protection instruments, against inequalities exacerbated by the pandemic, Orlando said. has on the table a long list of states of crisis: “It will be a great opportunity to have a common response to the crisis, an answer that is different from those given previously, in the name of the fight against inequality and the centrality of the person and workers”.

Wednesday 23 June – Mediaset, the assembly votes to move the headquarters to Amsterdam

The peace between Fininvest and Vivendi, sanctioned by the agreement for the progressive exit of the French, should guarantee the approval of the resolution in the assembly on the transfer of the Mediaset headquarters to the Netherlands. In the background, the positions of the proxy advisors still remain opposite. Iss is opposed to a transfer considered harmful to minority rights and Glass Lewis who sees no reason to object. “Overall, the reasons proposed by the board of directors in support of the transfer do not appear strong enough to mitigate concerns about a potential decrease in the rights of small shareholders”, noted Iss, who recalled how “the Dutch regulatory framework does not offer the same guarantees of governance of the Italian system ”and that“ even if the new statute does not provide for ”multiple voting mechanisms, these can be introduced by simple majority. Glass Lewis, on the other hand, remains convinced that Mediaset motivated the proposal with the aim of “creating a stronger pan-European entertainment group”.

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