Economy Of Milan
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Economy Of Milan
Milan is the capital of the Lombardy region in northern Italy and is the wealthiest city in Italy. Milan and Lombardy had a GDP of €400 billion ($493 billion) and €650 billion ($801 billion) respectively in 2017. Milan surpassed Berlin in the size of its economy in 2014, and has since been the richest city among the Four Motors for Europe. It is a member of the Blue Banana corridor among Europe's economic leaders. Milan's hinterland is Italy's largest industrial area. Milan's GDP per capita of about €49,500 (US$55,600) ranks among Italy's highest. Milan's Porta Nuova District is Europe's richest subdivision within any city, with a GDP of €257 billion ($308 billion) in 2016 which is comparable to the GDP of the world's 34th richest country, Philippines. The city center also houses Europe's most expensive street, Via Montenapoleone and the National Stock Exchange, Borsa Italiana. Milan is considered as one of the fashion capitals of the World together with New York, P ...
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Palazzo Mezzanotte
Palazzo Mezzanotte, also known as Palazzo delle Borse ("Stock Exchange Palace") is a 20th-century building of Milan, Italy, and the seat of the Italian stock exchange. It is located in Piazza Affari ("Business Square"), the city square after which the Italian stock exchange itself is nicknamed. The name "Palazzo Mezzanotte" is a reference to Paolo Mezzanotte, the architect who designed the building. History The original stock exchange of Milan was established in 1808 in the seat of the Mount of piety of the city. The following year it was moved to the Palazzo dei Giureconsulti, in Piazza Mercanti, and at the beginning of the 20th century it was relocated again in a newly constructed building in Piazza Cordusio; this building now houses the headquarters of the Poste Italiane postal service, and has thus been renamed Palazzo della Posta ("Post Palace"). In 1925, the city authorities of Milan launched a project for a new, larger building for the stocks exchange. Architect Paolo Mezza ...
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Tod's
Tod's S.p.A., also known as Tod's Group, is an Italian company which produces luxury shoes and other leather goods. The company is majority controlled by the founding family Della Valle Family and is listed on the Italy's Milan Stock Exchange being part of the FTSE Italia Mid Cap index. It is presided over by businessman Diego Della Valle. History Filippo Della Valle started the shoemaking business out of a basement in the late 1920s. Diego Della Valle, the elder son of Dorino Della Valle and a grandson of Filippo Della Valle, expanded the workshop and turned it into a factory that started manufacturing shoes for American department stores in the 1970s. Mr. Della Valle says he became interested in the retailer on his first visit to the United States as a youth, when he stopped in at a Saks Fifth Avenue store, to which his father used to sell shoes. Diego brought in innovative marketing strategies in the early 1980s, kept the handmade manufacturing process and went on to create b ...
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Automotive Industry
The automotive industry comprises a wide range of company, companies and organizations involved in the design, Business development, development, manufacturing, marketing, and selling of motor vehicles. It is one of the world's largest industry (economics), industries by revenue (from 16 % such as in France up to 40 % to countries like Slovakia). It is also the industry with the highest spending on research & development per firm. The word ''automotive'' comes from the Greek language, Greek ''autos'' (self), and Latin ''motivus'' (of motion), referring to any form of self-powered vehicle. This term, as proposed by Elmer Ambrose Sperry, Elmer Sperry (1860-1930), first came into use with reference to automobiles in 1898. History The automotive industry began in the 1860s with hundreds of manufacturers that pioneered the Brass Era car, horseless carriage. For many decades, the United States led the world in total automobile production. In 1929, before the Great Depression, ...
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Millinery
Hat-making or millinery is the design, manufacture and sale of hats and other headwear. A person engaged in this trade is called a milliner or hatter. Historically, milliners, typically women shopkeepers, produced or imported an inventory of garments for men, women, and children and sold these garments in their millinery shop. Many milliners worked as both milliner and fashion designer, such as Rose Bertin, Jeanne Lanvin, and Coco Chanel. The millinery industry benefited from industrialization during the nineteenth century. In 1889 in London and Paris, over 8,000 women were employed in millinery, and in 1900 in New York, some 83,000 people, mostly women, were employed in millinery. Though the improvements in technology provided benefits to milliners and the whole industry, essential skills, craftsmanship, and creativity are still required. Since the mass-manufacturing of hats began, the term milliner is usually used to describe a person who applies traditional hand-craftsmanshi ...
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Florence
Florence ( ; it, Firenze ) is a city in Central Italy and the capital city of the Tuscany region. It is the most populated city in Tuscany, with 383,083 inhabitants in 2016, and over 1,520,000 in its metropolitan area.Bilancio demografico anno 2013, datISTAT/ref> Florence was a centre of medieval European trade and finance and one of the wealthiest cities of that era. It is considered by many academics to have been the birthplace of the Renaissance, becoming a major artistic, cultural, commercial, political, economic and financial center. During this time, Florence rose to a position of enormous influence in Italy, Europe, and beyond. Its turbulent political history includes periods of rule by the powerful Medici family and numerous religious and republican revolutions. From 1865 to 1871 the city served as the capital of the Kingdom of Italy (established in 1861). The Florentine dialect forms the base of Standard Italian and it became the language of culture throughout Ital ...
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Rome
, established_title = Founded , established_date = 753 BC , founder = King Romulus (legendary) , image_map = Map of comune of Rome (metropolitan city of Capital Rome, region Lazio, Italy).svg , map_caption = The territory of the ''comune'' (''Roma Capitale'', in red) inside the Metropolitan City of Rome (''Città Metropolitana di Roma'', in yellow). The white spot in the centre is Vatican City. , pushpin_map = Italy#Europe , pushpin_map_caption = Location within Italy##Location within Europe , pushpin_relief = yes , coordinates = , coor_pinpoint = , subdivision_type = Country , subdivision_name = Italy , subdivision_type2 = Region , subdivision_name2 = Lazio , subdivision_type3 = Metropolitan city , subdivision_name3 = Rome Capital , government_footnotes= , government_type = Strong Mayor–Council , leader_title2 = Legislature , leader_name2 = Capitoline Assemb ...
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Venice
Venice ( ; it, Venezia ; vec, Venesia or ) is a city in northeastern Italy and the capital of the Veneto Regions of Italy, region. It is built on a group of 118 small islands that are separated by canals and linked by over 400 bridges. The islands are in the shallow Venetian Lagoon, an enclosed bay lying between the mouths of the Po River, Po and the Piave River, Piave rivers (more exactly between the Brenta (river), Brenta and the Sile (river), Sile). In 2020, around 258,685 people resided in greater Venice or the ''Comune di Venezia'', of whom around 55,000 live in the historical island city of Venice (''centro storico'') and the rest on the mainland (''terraferma''). Together with the cities of Padua, Italy, Padua and Treviso, Italy, Treviso, Venice is included in the Padua-Treviso-Venice Metropolitan Area (PATREVE), which is considered a statistical metropolitan area, with a total population of 2.6 million. The name is derived from the ancient Adri ...
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Luxury Good
In economics, a luxury good (or upmarket good) is a good for which demand increases more than what is proportional as income rises, so that expenditures on the good become a greater proportion of overall spending. Luxury goods are in contrast to necessity goods, where demand increases proportionally less than income. ''Luxury goods'' is often used synonymously with ''superior goods''. Definition The word "luxury" originated from the Latin word ''luxuria'', which means exuberance, excess, or abundance. A luxury good can be identified by comparing the demand for the good at one point in time against the demand for the good at a different point in time, at a different income level. When personal income increases, demand for luxury goods increases even more than income does. Conversely, when personal income decreases, demand for luxury goods drops even more than income does. For example, if income rises 1%, and the demand for a product rises 2%, then the product is a luxury good. ...
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Wool
Wool is the textile fibre obtained from sheep and other mammals, especially goats, rabbits, and camelids. The term may also refer to inorganic materials, such as mineral wool and glass wool, that have properties similar to animal wool. As an animal fibre, wool consists of protein together with a small percentage of lipids. This makes it chemically quite distinct from cotton and other plant fibres, which are mainly cellulose. Characteristics Wool is produced by follicles which are small cells located in the skin. These follicles are located in the upper layer of the skin called the epidermis and push down into the second skin layer called the dermis as the wool fibers grow. Follicles can be classed as either primary or secondary follicles. Primary follicles produce three types of fiber: kemp, medullated fibers, and true wool fibers. Secondary follicles only produce true wool fibers. Medullated fibers share nearly identical characteristics to hair and are long but lack c ...
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Armour
Armour (British English) or armor (American English; see spelling differences) is a covering used to protect an object, individual, or vehicle from physical injury or damage, especially direct contact weapons or projectiles during combat, or from a potentially dangerous environment or activity (e.g. cycling, construction sites, etc.). Personal armour is used to protect soldiers and war animals. Vehicle armour is used on warships, armoured fighting vehicles, and some mostly ground attack combat aircraft. A second use of the term ''armour'' describes armoured forces, armoured weapons, and their role in combat. After the development of armoured warfare, tanks and mechanised infantry and their combat formations came to be referred to collectively as "armour". Etymology The word "armour" began to appear in the Middle Ages as a derivative of Old French. It is dated from 1297 as a "mail, defensive covering worn in combat". The word originates from the Old French , itself derived ...
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Milan City Center 1910
Milan ( , , Lombard: ; it, Milano ) is a city in northern Italy, capital of Lombardy, and the second-most populous city proper in Italy after Rome. The city proper has a population of about 1.4 million, while its metropolitan city has 3.26 million inhabitants. Its continuously built-up urban area (whose outer suburbs extend well beyond the boundaries of the administrative metropolitan city and even stretch into the nearby country of Switzerland) is the fourth largest in the EU with 5.27 million inhabitants. According to national sources, the population within the wider Milan metropolitan area (also known as Greater Milan), is estimated between 8.2 million and 12.5 million making it by far the largest metropolitan area in Italy and one of the largest in the EU.* * * * Milan is considered a leading alpha global city, with strengths in the fields of art, chemicals, commerce, design, education, entertainment, fashion, finance, healthcare, media ( ...
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