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Aksia to acquire majority stake in Fornaio del Casale
Aksia to acquire majority stake in Fornaio del Casale

Yahoo

time5 days ago

  • Business
  • Yahoo

Aksia to acquire majority stake in Fornaio del Casale

Italian private equity investor Aksìa is to acquire a majority stake in bakery products producer Fornaio del Casale. Financial terms were not disclosed, and the transaction awaits necessary regulatory approvals. Aksìa is acquiring the stake from Riello Investimenti SGR and the founding Gecchele family. Riello Investimenti SGR has held a majority stake since July 2023, alongside the Gecchele family. Both will be reinvesting and retaining a minority stake in the company. Aksìa's entry will support Fornaio del Casale in pursuing an 'ambitious buy-and-build strategy to establish a leading group in the sweet and savory snack market', the companies said in a joint statement. Nicola Riello, chairman of Riello Investimenti SGR, believes Fornaio del Casale is 'ready for a second phase of development focused on acquisitions and international expansion'. Set up in 1969, Fornaio del Casale specialises in bakery products. Operating under brands Gecchele and Antico Casale, it offers over 450 SKUs in cakes, pastries, bakery items, and carnival specialties. The Casale sul Sile, Treviso-headquartered company distributes primarily through 'large-scale' retail, with a network across Italy and expansion into Germany, France, and Japan. According to Filippo Anichini, partner of Aksìa, Fornaio del Casale will 'continue to pursue integration and consolidation both in Italy and abroad, leveraging the strong Gecchele brand and expanding its commercial footprint'. The investors and baked goods company said they have identified four target companies for acquisition, with the deals expected by the end of 2025, contributing initial revenues exceeding €80m ($92.6m). Currently, Fornaio del Casale €60m in revenues, with 25% coming from international markets. The group has a 12,500 m2 facility with eight production lines. The current leadership will remain, with Darix Gecchele as CEO and Samuele Gecchele as head of international sales and commercial products. Darix Gecchele added: 'With the entry of the new partner, a new phase of growth begins for Fornaio, which strengthens and accelerates the development path initiated in recent years. The Gecchele and Botter families confirm their commitment to the company's capital, with the enthusiasm and passion that have always distinguished us.' "Aksia to acquire majority stake in Fornaio del Casale" was originally created and published by Just Food, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Italian barefoot luxury at the Falkensteiner Hotel & Spa Jesolo
Italian barefoot luxury at the Falkensteiner Hotel & Spa Jesolo

Telegraph

time04-06-2025

  • Entertainment
  • Telegraph

Italian barefoot luxury at the Falkensteiner Hotel & Spa Jesolo

Italy's coastal resort of Jesolo finds itself on many travellers' wish lists. And rightly so: it has an events calendar brimming with culture, as well as theme parks and family attractions. It's also a brilliant base from which to explore the art cities of Padua, Treviso, Vicenza and Verona. At its famous beachfront resort, Lido di Jesolo, you can enjoy bucket-and-spade days and cooling cocktails, with toes in the sand. Then, when it's time for some culture, you're just a short distance from Venice and the Unesco-listed North Lagoon. The cherry on top of Jesolo's cake is the wonderful pick of hotels you'll find here. One of its finest is the Falkensteiner Hotel & Spa Jesolo, carefully selected by British Airways Holidays for its five-star quality. With exceptional Mediterranean cuisine, a private sandy beach and easy access to Venice airport – to which British Airways flies direct from the UK – this beachfront paradise is hard to beat. Book your holiday package with this trusted tour operator and you can secure your holiday with a low deposit and enjoy a wide range of benefits. This includes Atol protection from the moment you book, access to a dedicated 24/7 support helpline during your trip and a generous baggage allowance. So, what's in store for you at this stylish hotel? For a start, it offers four fantastic outdoor swimming pools where attentive staff will bring you creatively prepared drinks. This top-notch service extends to the loungers and cabana beds that dot the hotel's private section of beach, one of Europe's longest stretches of sand. The hotel itself has been carefully considered to suit both couples and families. Its uplifting rooms come in duck-egg blues with sherbet-yellow accents, with spacious balconies delivering park or sea views. Some rooms are suited to families with their comfy sofa beds, and you'll be taking design notes when you see their gorgeous bathrooms. Many of its wide-ranging suites also come with a kitchen and spacious seating area to make larger groups feel right at home. Crisp white sheets, air con, a mini bar and guest beach bags tick the box for creature comforts. Two sixth-floor penthouses deliver the ultimate luxury with their panoramic terraces and capacious living spaces. Relaxing, and finding things to do, comes easy here for guests. Families are kept busy with a dedicated children's pool and the hotel's family-focused facilities include an indoor soft play area, dedicated kids' club, plus a varied programme of games, entertainment and workshops which span face painting, art sessions, origami sessions and mini discos. There are also plenty of children's menu options across the hotel's restaurants, keeping mini diners – and their parents – happy. On the topic of dining, Falkensteiner Hotel & Spa Jesolo stands out for its authentic cuisine. New for 2025 is the highly anticipated Puro Cucina Autentica, an à la carte restaurant open to both staying guests and external visitors. With two carefully considered menus signed by the Michelin-starred chef Theodor Falser and Ciro Salatiello, and a concept that celebrates authentic Mediterranean cuisine, guests can expect a memorable gastronomical experience. Post-dinner, the hotel's outdoor Lounge Bar is a lovely spot to enjoy an aperitif, with Friday night live music bringing a convivial vibe. Since you're here to enjoy la dolce vita, make time to use the hotel's spa and wellness facilities at the 2,500 sq m Acquapura Blue Horizon Spa. Its Hawaiian-inspired 'Lomi Lomi' treatments are designed to soothe the tightest muscles and many treatments use natural, maritime essences to soothe the skin. The facilities here include a Finnish sauna, ice bath, aroma steam bath and large sauna commanding Adriatic Sea views. Its focal point is an indoor-outdoor pool. You can swim from one to the other via vast glass doors. There's a Technogym area open until late and a yoga room where you can practice your sun salutations. With its beach setting, five-star facilities and delectable Italian cuisine, we're sure you'll agree the Falkensteiner Hotel & Spa Jesolo is simply 'bellissimo'. British Airways Holidays packages include a generous checked baggage allowance for each customer and come with full Atol protection for complete peace of mind. Secure your Italy holiday to Falkensteiner Resort Jesolo with a low deposit and enjoy flexible payments until you fly.* *Based on two sharing. Full balance due four weeks before departure for short-haul holiday bookings. Subject to availability. T&Cs apply.

Asgreen solos to Giro stage 14 win, Del Toro tightens grip on pink jersey
Asgreen solos to Giro stage 14 win, Del Toro tightens grip on pink jersey

CNA

time24-05-2025

  • Sport
  • CNA

Asgreen solos to Giro stage 14 win, Del Toro tightens grip on pink jersey

Denmark's Kasper Asgreen (EF Education-EasyPost) took advantage of a crash in the chasing peloton and went alone to win stage 14 of the Giro d'Italia on Saturday, with Mexican Isaac del Toro extending his overall lead. Asgreen was part of an early breakaway trio but, after several riders were brought down in a crash which split up the peloton, the Dane went for broke in the final kilometres and held off the chasing group. "It was a tough day out there," Asgreen said. "It's annoying when you have to destroy yourself completely like this to win bike races but when it works out it's all worth it." Australian Kaden Groves (Alpecin–Deceuninck) outsprinted Dutchman Olav Kooij (Visma-Lease a Bike) to take second place on the 195-km stage from Treviso to Nova Gorica in Slovenia. Del Toro (UAE Team Emirates) managed to avoid trouble and was with the chasing group which followed Asgreen over the line to increase his lead at the head of the general classification with Briton Simon Yates (Visma-Lease a Bike) climbing to second. The Mexican began the day with a 38-second lead over teammate Juan Ayuso, but now has a gap of one minute and 20 seconds on Yates, with Ayuso a further six seconds back. Asgreen went away with the Italians Martin Marcellusi and Mirco Maestri with the peloton expected to reel them in before the finish, but a stretch of wet, narrow cobbled streets threw those plans out of the window with less than 25km to race. One-time race leader and winner of four stages Mads Pedersen was among those taken down along with Lidl-Trek colleague Giulio Ciccone, who had a nasty fall, but a reduced chasing bunch powered on, leaving many of Del Toro's rivals in their wake. With the chasers closing in, Asgreen took off and coming into the final kilometre held a 16-second lead, enough to see the Dane home and able to celebrate long before the line, coming in 16 seconds ahead of the 16-man group. That group contained Del Toro and Yates but many of the Mexican's main rivals were left counting the cost of that earlier incident which could have a huge bearing on the overall Giro result. Pre-race favourite Primoz Roglic (Red Bull–Bora–Hansgrohe) began the stage one minute and 35 seconds behind Del Toro, but racing in his native Slovenia brought little joy as the 2023 winner remains fifth overall but is now two minutes 23 seconds adrift.

Asgreen solos to Giro stage 14 win, Del Toro strengthens grip on pink jersey
Asgreen solos to Giro stage 14 win, Del Toro strengthens grip on pink jersey

CNA

time24-05-2025

  • Sport
  • CNA

Asgreen solos to Giro stage 14 win, Del Toro strengthens grip on pink jersey

Denmark's Kasper Asgreen (EF Education-EasyPost) took advantage of a crash in the chasing peloton and went alone to win stage 14 of the Giro d'Italia on Saturday, with Mexican Isaac del Toro extending his overall lead. Asgreen was part of an early breakaway trio but, after several riders were brought down in a crash which broke up the peloton, the Dane went for broke in the final kilometres and held off the chasing group. Australian Kaden Groves (Alpecin–Deceuninck) outsprinted Dutchman Olav Kooij (Visma-Lease a Bike) to take second place on the 195-km stage from Treviso to Nova Gorica in Slovenia. Del Toro ((UAE Team Emirates) managed to avoid trouble and was with the chasing group which followed Asgreen over the line to increase his lead at the head of the general classification.

Dramatic win for Asgreen as crash affects GC battle
Dramatic win for Asgreen as crash affects GC battle

BBC News

time24-05-2025

  • Sport
  • BBC News

Dramatic win for Asgreen as crash affects GC battle

Kasper Asgreen held on for a remarkable breakaway win on stage 14 of the Giro d'Italia as a crash late in the day had a major impact on the general classification battle.A bunch sprint was expected in Nova Gorica/Gorizia on the Italy-Slovenia border but several riders went down 23km from the line to set up a dramatic crash split the peloton, with about 20 riders avoiding the chaos to keep up the chase of the breakaway they could not reel in Asgreen as Denmark's EF Education-EasyPost rider, 30, claimed his second Grand Tour stage win by 16 Kaden Groves outsprinted Visma-Lease a Bike rider Olav Kooij to take second leader Isaac del Toro was in the chase group and so retained the pink jersey, but only after surviving another scare towards the end of the 195km route from of his GC rivals lost further time though. More to follow.

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