The sale of any big and well-loved brand to an overseas buyer always sparks passionate debate, with fears that it will be a loss to the country.
But some Italian brands have thrived in foreign hands, enabling them to capture far-flung markets, and yet are still strongly tied to Italy despite their ownership structure.
Since mergers and acquisitions took off in the 1980s, a number of sought-after Italian firms, some on the verge of bankruptcy, have been snapped up.
From fashion to luxury cars, take a look at The Local's list of ten Italian firms that are foreign-owned.
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