Family Offices and Real Estate: Reading Country Risk Beyond Returns
In 2025, real estate has moved back to the center of many family office strategies. During periods of macroeconomic instability, property is perceived as a safe haven: a tangible asset, less volatile, seemingly more predictable. This perception, however, is dangerous. Stability must also be assessed in relation to context. Jurisdiction, regulation, operational supply chain, sustainability, […]
Family Offices: when risk is not only financial
Family Offices (FOs) are growing in Italy, with increasingly complex and heterogeneous structures, and are becoming key players in a silent yet profound transformation. Their external visibility and influence are growing as well. The narrative around purpose, challenges, and successes, once reserved for family members or a very restricted circle, is now openly communicated to […]
Labour exploitation in fashion: what the new Milan investigation reveals
The investigation into labour exploitation in the fashion industry continues, but with an unprecedented judicial shift, a real step-change. On 4 December 2025, the Milan Prosecutor’s Office formally requested that 13 major luxury brands — including Prada, Gucci, Versace, Dolce & Gabbana, Missoni, Ferragamo, Yves Saint Laurent, Givenchy, Pinko, Coccinelle, Adidas Italia and Off-White — […]
Beyond ratings: the hidden reality of counterparty risk
In the world of compliance as in that of finance, trust is now assigned by an algorithm with a score. In essence, risk today is translated into a number, a rating, or an index that, in fact, seems sufficient to define the solidity of a company, the reputation of a person, or the reliability of […]
