Fashion and olive oil

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Krizia, the fashion house founded by one of the grand dames of Italian fashion, Mariuccia Mandelli, was bought by Zhu Chongyun earlier this year and the Chinese entrepreneur-designer has been warmly welcomed into the Milan fashion family.

Likewise, there were few murmurings of discontent when state-owned Bright Food acquired a majority stake in Salvo, an Italian group whose range includes Filippo Berio, an olive oil brand that is a market leader in Britain and the United States and now looks set for an onslaught on the Chinese market.

“What China brings is financial strength, not, I hope, to colonize Europe but to build relationships that allow us to do business together,” he said.

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