Latest news with #VeniceBoatShow
Fashion Network
8 hours ago
- Business
- Fashion Network
Murphy & Nye set for global expansion, targets €20 million revenue in three years
Having recorded a revenue of €6 million in 2024, sportswear brand Murphy & Nye has indicated it intends to keep growing, and announced its goal is to reach revenue of €20 million within three years. Murphy & Nye, a long-established sportswear brand founded in Chicago in 1933, characterised by a strong connection with the sailing world, is led by Italy's Rossi family, which engineered its success in the 90s, and took control of the brand again in 2020 after it had been owned and left inactive for five years by an Asian textile group. 'We want Murphy & Nye to achieve an international dimension,' said Tommaso Rossi, CEO of the brand. 'Our goal is to reach a revenue of €20 million within three years, via an expansion plan that, starting off from Italy and the rest of Europe, will enable the brand to enter strategic markets like the USA, Asia and the Middle East. Collaborations and co-branding initiatives will be extremely important for us,' added Rossi. In October 2024, during the America's Cup held in Barcelona, Murphy & Nye presented a temporary art installation and officially launched its first sneakers. The brand was the technical sponsor of the recent Venice Boat Show, and in the near future it will interact with other iconic cities with a maritime tradition, among them Miami. Among the main drivers of Murphy & Nye's relaunch are its products, which blend technical innovation, heritage and manufacturing excellence. 'Well-made products are at the heart of our new course,' said Creative Director Chicco Barina. 'We're focusing on textile research, wearability and performance. The challenge is to reinterpret the style and attitude of our archive's iconic garments while tapping our authentic American DNA, which still has much to tell. (…) We recently launched a sneakers [model] that is doing very well on the market. Footwear will be our strategic focus for next season. We're aiming to continue to exploit the mix of nautical performance elements and urban language that currently represents our signature style,' he added.
Fox News
11-02-2025
- Fox News
Popular travel destination doubles controversial day-tripper tax, sparks reactions on social media
As tourists continue to flock to Venice, Italy, officials are doubling its "access fee" in an attempt to continue curbing overtourism for day-trippers. Venice introduced a pilot program in 2024 to charge day-trippers a $5.17 (5 euros) entry fee that authorities hope will discourage visitors from arriving on peak days, Fox News Digital reported. Simone Venturini, the city's tourism councilor, recently spoke at the BIT tourism fair in Milan, sharing the program was successful, online news platform Metro reported. "The aim remains the same: create a new system to manage tourist flow and disincentivize day tripper tourism in several periods, in line with the delicate and unique nature of the city, to guarantee the respect that it merits," said Venturini. Starting April 18, visitors will officially pay the access fee of $5.17 if booked four days ahead, while arrivals booked last minute, within three days, doubles to $10.33 (10 euros), according to the city's site. The fee applies on select dates only to the Ancient City of Venice, not to the minor islands of the Venetian Lagoon. Exemptions apply to residents, property owners, students, workers, persons with disabilities and children under 14 years of age. The access fee will also be waived for visitors attending events such as the Venice Boat Show in May. Approximately six million Americans traveled to Italy in 2023, according to the State Department. Officials will also add increased security screens at eight different locations, including main cruise ship docking areas. When the tax was first announced last year, tourists and residents took to social media to share reactions. "Not a bad idea. I cannot imagine the trash and bodily fluids that many irresponsible tourists leave behind everyday," said one user on X. Another X user said, "I don't blame them. It's much hard work to keep the city maintained. Everything is in water." "I'd pay the 10 euros twenty times a year…it is worth it," joked one. One user said, "That is not enough to reduce crowd. I think they set the price to be just right to make the most profit." "So Venice is now a theme park," joked another. One said, "Greed.. hope tourism completely collapses there." Fox News reached out to the city of Venice for comment.
