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Luxury designer retailers and fashion houses have taken most of the worst blows, with some, such as Bill Blass, Fortunoff, Christian Lacroix and IT Holding SpA (which owns the Gianfranco Ferre label) either filing for bankruptcy protection or liquidating their assets. Several more, such as Prada, Bulgari, Mariella Burani and Valentino Fashion Group, are treading water under a tidal wave of debt...

Author: /time Magazine | Title: Luxury Retailers Rush To Adapt: Chic Goes Cheap | 9/17/2009 | See Source »

...With the center-left opposition all but nonexistent in Italy's Parliament, everyone is on the lookout for potential Judases within the ruling majority's ranks. And as far as the Italian media are concerned, Gianfranco Fini, president of Parliament's lower house, is filling that role nicely. The local paper in Bologna, Il Resto del Carlino, like others in Italy, offers daily updates on a brewing feud between Berlusconi and Fini, the most powerful right-wing politician from this traditionally left-leaning city. Last week, Fini demanded "more democracy" within the center-right coalition and lashed out at Berlusconi...

Author: /time Magazine | Title: How Has Berlusconi Survived His Sex Scandal? | 9/14/2009 | See Source »

...prostitution allegations came to any embarrassing conclusions, that Berlusconi might have to step down, opening the way for a caretaker government headed by someone like Bank of Italy Governor Mario Draghi or Economy Minister Giulio Tremonti. But don't count Berlusconi out yet. Perennial challengers like parliament Speaker Gianfranco Fini on the right and former Prime Minister Massimo D'Alema on the left, have largely lost credibility in the face of their opponent's political savvy. Italian politics is beginning to look like a season of Celebrity Survivor. And not only is Berlusconi the reigning champion of this reality show...

Author: /time Magazine | Title: Spotlight: Silvio Berlusconi | 7/13/2009 | See Source »

Stepping Out Fancy footwear with a high-tech tread. This page: Gianfranco Ferré sandal with Lucite heel www.gianfrancoferre.com...

Author: /time Magazine | Title: Fantastic Plastic | 4/6/2009 | See Source »

...London scheme has been credited with inspiring atheist bus campaigns in Australia, Brazil, Canada, Germany and Italy, where next month posters in Genoa will read, "The bad news is that God does not exist. The good news is that we do not need him." The Genoa campaign prompted Father Gianfranco Calabrese, a spokesman for the Archbishop of Genoa, to speak out against what many opponents of the campaign call blasphemy. "There are some methods which promote dialogue and others which feed intolerance," he said. "Head-on opposition always demonstrates intolerance." Marta Vincenzi, the city's mayor, told reporters that officials...

Author: /time Magazine | Title: Christians and Atheists Battle in London Bus Wars | 2/8/2009 | See Source »

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