Latest news with #Lapo
TimesLIVE
15-07-2025
- Automotive
- TimesLIVE
Ferrari Chair John Elkann settles inheritance tax dispute in Italy
Stellantis and Ferrari chair John Elkann and his siblings Lapo and Ginevra have settled a tax dispute in Italy over the inheritance of their grandmother Marella Caracciolo, a spokesperson for the three brothers said on Sunday. The case, opened last year, alleged the three did not pay taxes in the country on assets they inherited after the death in 2019 of Caracciolo, the wife of late Fiat boss Gianni Agnelli. The spokesperson said John, Lapo and Ginevra, 'with the aim of rapidly and definitively closing a painful personal and family vicissitude', had reached a 'comprehensive settlement' with the Italian tax agency. 'This settlement was concluded without any admission, not even tacit or partial, of the grounds of the objections initially alleged,' the spokesperson said, adding discussions were also under way with prosecutors in the city of Turin, Northern Italy, who launched the investigation, though their outcome was not yet defined. Italian daily Il Fatto Quotidiano, which initially reported the news on Sunday, said the Elkanns would pay at least €175m (R3.63bn) to settle the tax dispute. Italy's Revenue Agency did not respond to a request for comment sent by Reuters. The case stems from a wider inheritance dispute between the Elkanns and their mother Margherita over the estate of Agnelli, which has divided one of Italy's best known business dynasties. As part of this case, a judge in Turin last year seized money and assets worth almost €75m (R1.56bn) from five people, including John, Lapo and Ginevra Elkann.
Yahoo
30-06-2025
- Business
- Yahoo
How Blu Scarpa Plans to Scale With The Help of Fiat Heir Lapo Elkann
Fiat heir Lapo Elkann is stepping into the footwear world with a new investment. This month, the great-grandson of Fiat founder Giovanni Agnelli became a minority investor in Miami-based luxury footwear brand Blu Scarpa. While terms of the deal were not disclosed, the new partnership was unveiled at Milan Men's Fashion Week this month at the shoe brand's spring/summer 2026 collection presentation. More from WWD Global Beauty Giants' Early Bets on the Eastern Fragrance Wave Tom Brady Laces Up Travis Scott Jordans in Venice Ahead of Jeff Bezos' and Lauren Sánchez's Wedding Ace Bailey Coordinates Christian Louboutin Shoes With His Family at NBA Draft Day One Matthew Chevallard, founder and creative director of Blu Scarpa, said that Elkann's new partnership will allow the company to scale outside of its Miami home. 'Lapo has believed in me and supported me throughout my footwear journey, and now with this investment, it will allow me to embark on a new chapter,' Chevallard told FN in an interview. 'Bringing Lapo on as a partner will allow us a little more wind in our sails to still be very independent, but obviously, have a slightly more resources to compete.' The executive noted that since the company launched in 2019, he has built a solid foundation in Miami through the company's own store in the Design District. 'Now we're moving outside of that micro mentality,' Chevallard noted. 'We now want to move into more conventional practices like expanding wholesale and amplifying our messaging to a wider audience.' Blu Scarpa sells to The Webster as well as Level Shoes in Dubai. 'We are working on expanding out relationship with Level, especially since they are slated to open their first U.S. store here in Miami in a few years.' (Level has not confirmed the opening.) Chevallard is no stranger to the footwear industry. Much of his entrepreneurial spirit is expressed through footwear, starting with the luxury men's slipper brand Del Toro that he co-founded in 2005. Now, with Blu Scarpa, Chevallard is focusing in on Italian craftsmanship that takes inspiration from the golden age of 1980s and '90s Italian lifestyle and artistic icons such as Lucio Fontana, Georgia O'Keeffe, Donald Judd, and Yves Klein. For spring/summer 2026, the collection has expanding into the realm of soccer, showcasing a new silhouette alongside new iterations of the brands core models. The offering is made up of five distinct capsules, with prices ranging $475 to $535. A highlight of the new offering includes the 2.0 Blu Palm shoe, which is described as a continuation of the Blu Palm concept in suede and nylon, originally launched in collaboration with Elkann and Chevallard. Another highlight is the aforementioned Soccer Collezione, which is inspired by 1980s–1990s soccer sportswear. The line introduces a brand-new suede and leather silhouette that brings soccer into Blu Scarpa's running and tennis-focused sportswear realm. Best of WWD All the Retailers That Nike Left and Then Went Back Mikey Madison's Elegant Red Carpet Shoe Style [PHOTOS] Julia Fox's Sleekest and Boldest Shoe Looks Over the Years [Photos]
