L'Italo-Americano

THURS DAY,   AUGUS T  15,   2013  L'Italo-Americano PAGE  15 Successful Italian Investments Abroad but "Made in Italy" Undersold Continued from page 1 six months of 2013 are in line with the previous years: 42 acquisitions for an amount of 4.1 billions of Euro. From Bulgari, acquired by the holding of the luxury Lvmh for 4.3 billions of Euro (2011), to Parmalat ended (in the same year) in the French hands of Lactalis for 3.7 billions; from the very recent Loro Piana, the 80% now belongs to Bernard Arnault Group (2013), to Coin, for 906 million passed to the English fund Bc Partners. A lot of Italian top brands changed passport: Ducati, Valentino, Moncler, Ferré, Bertolli, Orzo Bimbo, Cesare Fiorucci, Mv Agusta, Ferretti Yacht. On the other side, the Kpmg study confirms Italian investments in foreign countries equal to the half of those 47 billions disbursed by the international holdings to buy a good slice of Made in Italy. From 2009 to today Italian firms have concluded 241 opera- tions for 23.1 billions. A less heavy result perhaps, but it doesn't reassure. That because it deals only with middle-small operations that, above all, allowed the Italian buyers to continue to sell even when the Italian market started to go down. Eni, Campari, Luxottica, Recordati expanded abroad their companies Big companies as Eni brought 10 acquisitions to term in the last 5 years, from United Kingdom to Canada, for over 8 million. Campari, very active in America, concluded for 936 millions 9 operations. Luxottica and Recordati 7 investing 276 million and 358 million. And there still are Amplifon, Gitech, Truck stop. Great firms, with a strong financial structure and a market of predominantly international reference. The 57% of the acquisitions has been done in Western Europe, 23% in North America and 11% in East Europe. It takes a new strategy to obtain the same foreigner investors results. You will say, we wanted the globalization and now we suffer the consequences. For sure we cannot come back and, on the other hand, it is not sure the international investors will manage worse than the Italian firms. By the way, it is a clear sign of a country economy becoming exhausted. Hopefully it is only a moment of crisis. Phillips new US Ambassador in Italy and Hackett to the Holy See Continued from page 1 Phillips is married to Linda Douglass, a former network television reporter who worked on Us President Barack Obama's campaign and was the former director of communications for the White House Office of Health Reform. President Obama also nominated Kenneth Hackett, as the next U.S. Ambassador to the Holy See. He succeeds Miguel H. Diaz who served in that role from 2009 to 2011. The former Ceo of Catholic Relief Services is expected to take up his post in Rome The U.S. Senate in September, but it is also probable he will be in charge in late August. He foresees "great opportunity for cooperation" between the Usa and the Holy See under Pope Francis who "is highlighting some of those things which are basic to our faith such as compassion for the poor and the dignity and sacredness of the individual". About US policy he added "there will be times where the position of the US administration differs from the Holy See but I am going to look for, as many of my predecessors did, those opportunities where we can come together and find strength in collaboration, co- incidence of interests. There are some powerful connections that together will really make a difference". As Chief of the U.S. mission to the Holy See, Hackett will lead a team of ten professional staff, including five U.S. diplomats at the Embassy on Rome's Aventine Hill. Aug. 15, Thurs.-Federated Italo-Americans of Southern California General Meeting at Casa Italiana (1051 N. Broadway, Los Angeles, CA 90012). 7:00pm Dinner ($15 pp), 8:00pm Meeting. Please RSVP by Monday before meeting to: Maria Borgese (818) 846-5764, Palmie Crispie (818) 246-5749 or annpotenza@aol.com. Aug. 17, Sat.-The Garibaldina Society "Italo-Hawaiian Luau Dinner Dance"- The "Mai Tai" Hour 6:00pm, Gourmet Italian Dinner 7:00pm. Dancing to The Summerwind Band. Dress: Hawaiian-Casual (no shorts). Adults only please! Reservations are required and must be received by August 12, 2013. Members: $32, Guests: $37. For more information call Reservations Chairman Marie Mor (818) 249-9363. Aug. 17, Sat.-Ferragosto. Presented by L'Italo-Americano with Patrons of Italian Culture. A Summer Evening Event to benefit L'Italo-Americano at Villa Barbera (745 Sierra Madre Blvd., San Marino, CA 91108). 5pm-9pm. Featuring 5-star comedy show, exquisite Italian dinner buffet, Premium drinks and cocktails by Ventura Limoncello, Coffee and Cappuccino by Pasquini. Cost: $50 p/p. Reserve early by August 9. For information call (626) 359-7715 or email info@italoamericano.com Aug. 17, Sat.: Grandsons of Italy in America Meeting at Victorio's Ristorante, 10901 Victory Blvd., North Hollywood, 11:30 a.m. For info call (805) 529-9726. Aug. 18, Sun.-Associazione Pugliese Del Sud California 11th Anniversary Dinner Dance. 3pm – 7pm at Elks Lodge (1373 E. Las Tunas Dr., San Gabriel CA 91776). No Host Cocktail. Includes Scholarship Award Presentation to Natasha Lina Ioviero. Buffet Dinner. Music for Dancing. Donation $40.00 p.p., Children under 12 years of age $20.00. For information and reservations, contact Joe Deligio (626) 966-3959 or Maria Bruno (818) 2414672. Aug. 18, Sun.-Italian Cultural Arts Council Presents Cinema Italiano at Bowers Museum (2002 N. Main Street, Santa Ana, CA 92706). In the state-of-the art, ultra deluxe Norma Kershaw Auditorium. COST: Adults $10, Students: $5 (no need to RSVP). SCHEDULE Arrival: 1:30- 2:00 pm, Reception/Refreshments; Seating in Auditorium: 1:45 pm, Program Begins: 2:00 pm. Film: Seduced and Abandoned – Sedotta e abbandonata (Pietro Germi – 1964). Starring: Stefania Sandrelli, Saro Urzi, Directed by: Pietro Germi. Runtime: 1 hour 57 minutes, In Italian with English Subtitles. For additional information contact (714) 567-3600. Aug. 22, Thurs.-The Garibaldina Society Pasta Platter Dinner Dance. The Garibaldina Society Women's Extension cordially invites you to the Pasta Platter Dinner Dance. Cocktails 4pm, Dinner 5pm sharp!, Dancing 6-8pm. Pasta dinner includes Salad, Pasta, Sausage, Glass of Wine & Dessert. Dancing. Dress Casual. $10 Members- $12 Guests. For reservations: Jean Giacomelli (626) 281-6639. Aug. 25, Sun.-Families of Italian Lineage Post Ferragosto Picnicheld at Regional Park, Laguna Niguel. Antipasto salad, barbecued chicken, baked potato, dessert, fruit. Private Bocce field, other games. Members: $20.00, Non-members: $25.00. For information: (949) 363-5348. Aug. 25, Sun.-La Fameja Veneta Ferragosto Champagne Brunch and 1 Hour Harbor Cruise. Brunch at Ports of Call Restaurant (1199 Nagoya Way, LA Harbor, Berth 76, San Pedro, tel. 310833-3553) from 10am to noon. Followed by 1 hour Harbor Cruise 12pm-1pm. Price: Brunch and Cruise $35/Adult and Children 3-12 half price. After 1pm we can take a walk or trolley to Promenade to see the beautiful fountains. Must reserve by August 14. For reservations, call Maria Varlotta (424) 772-1592 or for further information call Franca Scardenzan (424) 237-2770 or Bepi Sugar (714) 894-0251. Aug. 25, Sun.-The Garibaldina Society Special Event Fundraiser Dinner Dance. Please support your club! Enjoy a wonderful dinner and dancing to The Summerwind Band! Time: 2-6pm. Exciting White Elephant Sale. Cost $25 per person. For more information and reservations: Merle Corradi (626) 284-3567. Aug. 26, Mon.- ICF Branch #67 Dinner Meeting 6pm at Casa Italiana (1051 N. Broadway, Los Angeles, 90012). $15.00 per person. For reservations contact: Nick M. D'Egidio (President) (562) 947-2819, Guy Masciotra (Life Member Emeritus, Past President) (818) 848-1862, or Pat Mages (Recording Secretary) (805) 4929658. Sept. 6, Fri.-San Trifone Society Dinner Meeting. 6pm mass followed by dinner and meeting at Casa Italiana. Dinner is $15 per person. For information call Mike Foschetti (323) 257-0302.

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