Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Business

Gucci owner Kering on track with global logistic hub in Italy

2021 04 08T124538Z 1 LYNXMPEH370V6 RTROPTP 4 HEALTH CORONAVIRUS KERING GUCCI - Global Banking | Finance

MILAN (Reuters) – Kering has completed the first phase of its new global logistics hub in North-West Italy, helping increase the French luxury group’s storage and speed up global deliveries.

The group will keep some warehouses in Switzerland but has already relocated several teams to Italy, Kering Managing Director Jean-Francois Palus told reporters on Thursday.

Kering said in a statement that it plans to increase staff numbers at the site in the Piedmont town of Trecate, which is operated by XPO Logistics, from more than 250 now to 900 by the end of 2022.

The hub will also be the first industrial complex in Italy to produce more energy than it consumes thanks to one of Europe’s largest rooftop solar systems, it added.

“The excess electricity will be fed into Italy’s power distribution grid, for use at Kering stores and corporate offices in the country,” the Gucci brand owner said.

Kering said the first part of the building has been operating since March 2020 and the second is scheduled to start by the end of the second quarter of this year.

(Reporting by Maria Pia Quaglia and Silvia Aloisi; Editing by Alexander Smith)

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post