Quirinal Treaty, Italy vs France: for now an unequaled challenge
If it were a boxing match, it would have been over for some time due to a technical knockout and the obvious inferiority of the opponent. The challenge between France and Italy so far has been one-sided, with some very rare exceptions. Now however that Macron And Dragons seem to have laid the foundations for a new collaboration agreement, the result could change. But, it is good to reiterate, up to now there has been no match.
From the point of view of companies, for example, the two giants of luxury LVMH And Kering they rounded up seven and six Italian companies respectively. And we are not talking about SMEs (with all due respect) born a few years ago. But of Italian fashion giants like Bulgarians, Gucci, Bottega Veneta, Brioni, Parma’s water, Pomellato. Italy has tried to return the favor with some raids: specifically there were five in total, if you also want to count the advance of Exor in the capital of Louboutin, with the operation of Of the valley on Roger Vivier and the acquisition by Lavazza from Noire cards to do the lion’s share.
But relations are even more unbalanced when governments come into play. Take for example the “equal” merger between FCA And Psa to give life to Stellantis. The CEO? It is an expression of the French. The board of directors is mostly transalpine. First level managers are in overwhelming French superiority. And above all, the car components of our country are trembling to think that the new standard for segment B (i.e. the one with the most significant numbers) could be the one chosen by Psa and not from FCA.
The French government played a key role in the merger of the two companies. First of all, because he maintains a share of the company (6.2%) which still guarantees him to be able to dictate the law. And then because he has always been very attentive to any employment repercussions even in a dramatic moment for the automotive industry like the one we are experiencing.. And what about the soap opera with Fincantieri for the acquisition of construction sites Saint Nazaire? In the end, the Italian company had to let go because the absolute majority in an infrastructure deemed so strategic, Macron just didn’t want to give it to him.
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