Rome

Italy's secret services warns of foreign business espionage

International firms may be targeting Italian brands, say spies

Italy's secret services warns of foreign business espionage

Rome, February 28 - From food to fashion, the jewels of Italian business are increasingly being targeted by international firms bent on espionage or takeovers, says Italy's secret services. In a report to parliament Thursday, the country's secret service agency warned that foreign competitors are in some instances attempting to steal trade secrets from some of Italy's most success and high-profile brands. Others are simply buying Italian firms right out from domestic ownership. Fashion houses are under pressure - from Gucci to Ferragamo - while important food companies are being bought out by foreign interests, warned the report. "The aggressive action of foreign groups," could undermine Italy's industrial, scientific and technological heritage as well as the 'Made in Italy' brand, the report said.

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