Front Row | Italy
The Cipriani family, the Venice bar moguls making costly property bets

Arrigo Cipriani (centre), his son Giuseppe (behind) and grandsons Maggio and Ignazio (in the background).
Arrigo Cipriani (centre), his son Giuseppe (behind) and grandsons Maggio and Ignazio (in the background). © Studio Pachamama
The family that owns the iconic Harry's Bar restaurant in Venice has undertaken four colossal property projects that are putting a strain on finances. Several big names in luxury are keeping a close eye on those ventures, ready to make offers in the event of a collapse. [...]
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