Sergio Bonelli Editore SpA and Mondadori Store are proud to announce the opening in Milan of the first Bonelli Point retail outlet

From 1 November the readers and collectors of the comics by the legendary publisher of Tex, Zagor, Dylan Dog, Martin Mystere and many others, are invited to visit the special area, set up inside the Mondadori Megastore in Via Marghera 28 in Milano (Red line Metro station De Angelis).

An opportunity to discover the new offer by Bonelli at the same time as they are presented at Lucca Comics&Games 2017, but also to search for back issues, exclusive editions, books, merchandising and all the other items showcased also on the web site www.shop.sergiobonelli.it.

A new home in Milan for our much-loved characters, just a short distance for our historic headquarters in Via Buonarroti. An important welcome for our world in the chain of general book shops and a moment of great emotion and satisfaction for the entire publishing house.
Davide Bonelli

We are delighted that a leading player in the history of comics such as Bonelli has chosen Mondadori Store for this new project, which will further enhance our offer. We are certain that the new Bonelli Point inside the Mondadori Megastore in Via Marghera will become a point of reference fro all comic fans, from Milan and beyond.
Francesco Riganti, marketing director, Mondadori Retail

Bonelli Point is an important new opportunity to bring together readers in a large-scale general book store, thanks to the solid collaboration between Sergio Bonelli Editore and Mondadori Store. An exclusive brand where fans can find the entire production of Italy’s leading producer of comics featuring the most popular characters of entire generations.

Arnoldo Mondadori Editore S.p.A. (LEI Code 815600049A1F9AFE6666) announces the purchase on the MTA (Electronic Stock Market), in the period from 6 to 10 November 2017, of no. 28,000 ordinary shares (equal to 0.011% of the share capital) at an average unit price of Euro 2.2163 for a total amount of Euro 62,057.10.
These transactions were made under the authorization to purchase treasury shares approved by the Shareholders’ Meeting on 27 April 2017 (previously disclosed pursuant also to art. 144 bis of Consob Regulation 11971/99 and to art. 132 of Legislative Decree 58/98).
The following table details the purchases made per day in the above period of Arnoldo Mondadori Editore S.p.A. ordinary shares, ISIN IT0001469383:

The purchases were made through the authorized intermediary Equita Sim S.p.A. (LEI Code 815600E3E9BFBC8FAA85).
Following the purchases made so far, Arnoldo Mondadori Editore S.p.A. holds no. 788,000 treasury shares, equal to 0.301% of the share capital.
Purchases in detail in the complete pdf file.

Today, the meeting of the Board of Directors of Arnoldo Mondadori Editore S.p.A., chaired by Marina Berlusconi, reviewed and approved the Interim Report on Operations at 30 September 2017[1] presented by CEO Ernesto Mauri.

9M17 highlights

In 9M17, on a like-for-like consolidation basis with Rizzoli Libri versus 2016, the Group confirmed its operational improvement for the fourth consecutive year, posting an approximately 9% increase in adjusted EBITDA; concurrently, the Group continued on its path to achieve the targets set for the whole year, despite the lower-than-expected magazine market trend, mitigated however by greater operational efficiency and by the implementation of cost cutting measures.

The LTM cash flow from ordinary operations amounted to approximately 52 million euro, continuing the positive performance of cash generated by the Group’s businesses which, along with the extraordinary transactions involving the strategic rationalization of the portfolio of activities, improved the net financial position by over 70 million euro, reaching -256 million euro versus -329 million euro in 9M16.

Net profit in 9M17 (+31.2 million euro) improved by over 13 million euro versus 30 September 2016, due also to the contribution of a number of positive extraordinary items.

Group performance at 30 September 2017

Consolidated revenue in 9M17 amounted to 924.7 million euro, down slightly (-1.1%) versus the prior year, due mainly to the performance of the Magazines areas, affected by the acceleration of the negative trends of the markets, and to the targeted reduction in revenue from consumer electronics products in the Retail Area.

In the Books Area, revenue in 9M17 increased by 8.4%, driven by the positive performance of both the Trade and Educational areas, amplified by the different consolidation period of Rizzoli Libri (present only from the second quarter of 2016).

On a like-for-like consolidation basis with Rizzoli Libri (excluding 1Q17), adjusted EBITDA grew by 8.6% (82.7 million euro versus 76.1 million euro in 9M16) with a percentage on revenue increasing from 8.1% to 9.1% – especially in the Books (from 58.7 million euro to 68.1 million euro net of Rizzoli Libri’s first quarter) and Magazines Italy areas (+24%).

Including the result of Rizzoli Libri as from 1 January, adjusted EBITDA amounted to 75.2 million euro, as a result of the negative contribution of -7.5 million euro in 1Q17, attributable to the seasonal nature of the Education business, which includes in the first quarter expenses to promote the campaign on school textbooks adoption.

Consolidated EBITDA improved by 12.9% (from 70.3 million euro to 79.3 million euro), driven by the gains from the disposal of certain assets in the second quarter of the year.

Consolidated EBIT at 30 September amounted to 55.1 million euro, up by approximately 14.9% versus 30 September 2016, and includes amortization, depreciation and impairment of 24 million euro, up by approximately 2 million euro versus 9M16 from the impact of the amortization of Banzai Media intangible assets (1.8 million euro) and the amortization of capitalized expenses of the Rizzoli Libri school business (3 million euro).

Consolidated profit before tax came to 44.9 million euro and includes financial costs of 10.2 million euro, down versus the prior year (12.7 million euro), as a result of a lower average net debt and an average interest rate reduced by approximately 50 bps.

The overall tax burden in the period amounted to 11.8 million euro (16.2 million euro in 2016), benefiting from the adjustment of deferred tax of Mondadori France of 3.8 million euro, following the reduction in the rate introduced by the 2017 Budget Law (no. 2016-1917) from 34.4% to 28.9% starting from 2019.

At 30 September 2017, Group employees amounted to 3,053 units, down by 8.3% versus 3,330 units at September 2016, as a result of the disposal of the logistics activities in May, and of the ongoing restructuring and efficiency improvement measures involving each of the Group’s business areas.

Consolidated financial highlights in 3Q17[2]

In 3Q17, consolidated revenue amounted to 371.8 million euro, basically in line with 3Q16. A performance achieved thanks mainly to the publication from September in the Books Area of the bestsellers by Ken Follett (La colonna di fuoco) and Dan Brown (Origin).

The Retail Area also increased revenue versus the prior year, driven by the promotional activities launched in the quarter.

Revenue from magazines both in Italy and France continued the downward trend witnessed in prior quarters.

Adjusted EBITDA grew by 8.3% in the quarter, driven by the revenue trend of the Books Area (+6.5%) and by the implementation of ongoing cost-cutting measures in other business areas, confirming the Group’s continued efficiency recovery.

Consolidated EBITDA, including extraordinary items, confirmed the growth trend.

Consolidated net profit, after the minority shareholders’ result, came to approximately 27 million euro, up by 24.1% versus 30 September 2016.

Outlook 2017

In light of the trend of the markets and the Group’s performance in the first nine months, it is reasonable to estimate for 2017 – versus the 2016 pro-forma figures – a slight drop in revenue and a “high single-digit” growth of adjusted EBITDA, with a resulting improvement in profit margins and a sharp increase of approximately 30% in net profit.

Net debt at end 2017 is confirmed at a debt/adjusted EBITDA ratio below 2.0x.

Performance of group business areas at 30 september 2017

• Books

In 9M17, the Mondadori Group retained its leadership position in the trade books market (28.4%), placing 6 titles in the top 10 best-selling books in terms of value, besides winning the 2017 Strega Prize with Le otto montagne by Paolo Cognetti (Einaudi), and the 2017 Campiello Prize with L’arminuta by D. Pietrantonio (Einaudi). Einaudi is also the publisher in Italy of Kazuo Ishiguro, winner of the 2017 Nobel Prize in Literature.

The Group also confirmed its leadership in the school textbooks segment, with a market share steady at 24%.

The Area’s revenue amounted to 385.3 million euro, up by 8.4% versus 355.5 million euro in 9M16, driven by the positive performance of both the Trade and Educational areas, amplified by the different consolidation period of Rizzoli Libri (present only from 2Q16).

• trade revenue increased by +4.2% versus 9M16 as a result, as mentioned earlier, of both the publication and distribution from September of the bestsellers La colonna di Fuoco by Ken Follett (Mondadori) and Origin by Dan Brown (Mondadori), and of the different consolidation period of Rizzoli Libri versus 2016;
• Educational revenue increased by 8.1% versus 9M16, thanks to the positive performance of the school textbooks segment (+1.6%) and the sharp rise by Electa in museum and publishing activities (+16.6%);
• revenue from distribution and services on behalf of third publishers was up by +37.6% versus 9M16 as a result of the above mentioned different consolidation period of Rizzoli Libri;
• revenue from Rizzoli International Publications, including the sales of the Rizzoli Bookstore in New York, amounted to 19.9 million euro versus 13 million euro in 9M16, as a result of the different consolidation period, of the positive trend of the publishing schedule, and of the consolidation of the former joint venture Skira Rizzoli Publications.

Adjusted EBITDA of the Books Area came to 60.6 million euro; net of the loss reported in the first quarter by Rizzoli Libri, attributable to the typical seasonal nature of the school textbooks business, adjusted EBITDA would amount to approximately 68 million euro, up by approximately 16% versus 9M16 (58.7 million euro), as a result of the positive trend of revenue achieved by the Trade segment and by Electa, and of the progress in the integration process of Rizzoli Libri and the resulting synergies.

EBITDA amounted to 60.4 million euro, up by 4.4% versus the prior year (57.9 million euro at 30 September 2016).

• Retail

At 30 September 2017, the market share of Mondadori Retail in the Books segment (80% of revenue) rose to 15.3%[3].

In 9M17, the Area achieved revenue of 132.6 million euro, down by 1.8% versus 135 million euro in 9M16, due also to the targeted reduction in revenue from consumer electronics products. In the third quarter, revenue grew by 2.5% versus the prior year, driven by the promotional activities launched in the quarter.

The analysis by channel shows the following:

• a 6.5% drop by Megastores, due to the shrinking sales in consumer electronics and to closure of a store in Palermo (July 2017). The Books category grew by 3.2%, confirming the effectiveness of the actions undertaken in terms of assortment and promotion campaigns;
• a 1% drop by directly-managed bookstores, also following closure of a store in the province of Milan in May 2016 (+8.9% on a like-for-like basis in terms of stores);
• a slightly negative performance of Franchised Bookstores (-1.5%, also on a like-for-like basis in terms of stores);
• an approximately 35.5% increase in the online segment, driven by the positive performance of sales related to the government’s “Culture Bonus” for 18 year olds (“18app”);
• for book clubs, a trend in line with the structural decline forecast for the segment in the medium-term development plan.

Adjusted EBITDA of Mondadori Retail came to -3.9 million euro, deteriorating versus -2.7 million euro reported in 9M16, as a result of the structural decline in sales volumes in the book clubs channel, and the temporary decline of the franchised channel, affected by a number of promotional campaigns whose benefits are expected to be felt in the coming months, and by the costs associated with the targeted reduction in the sales of consumer electronics products.

EBITDA came to -4.6 million euro (-2.3 million euro in 9M16), also as a result of higher restructuring costs (1.5 million euro).

• Magazines Italy

In Italy, the Mondadori Group retained its leadership in magazines, increasing its share to reach 31.8%, in a market hit by shrinking circulation. In 9M17, in line with the selective strategy on the development of the product portfolio to sustain revenue and optimize editorial costs, Mondadori launched two new publications – Giallo Zafferano and SPY – which continue to receive a warm response from the public.

With an audience of 15.8 million unique users/month[4], Mondadori was once again Italy‘s top traditional publisher also in the digital business. In the same reporting period, ComScore counted 21.9 million unique users/month of the Group brands.

The Area’s revenue amounted to 216.2 million euro, down by 7.9% versus 234.8 million euro in 9M16, due also to the sharp drop in add-on sales.

Specifically:

• circulation revenue (newsstands + subscriptions) fell (-5.1%) less than the relevant market trend (-11.9%[5]).
• advertising revenue (print + web) increased by 4%; gross advertising sales in Italy, driven by the contribution of the consolidation of Banzai Media activities, were up by 13%, bringing the percentage of digital revenue on the total to 28%.

Print advertising sales in Italy – on a like-for-like basis of titles and barter deals for goods – outperformed (-4.1%) the relevant market trend (-7% at August[6]); digital advertising sales grew by 2% (on a pro-forma basis).

• Revenue from add-on products, as mentioned, dropped sharply (-29.4%) versus 9M16, in line with the market trend.
• distribution and revenue towards third publishers dropped at a more moderate pace (-2.1%) than the relevant markets, thanks to the ongoing commitment to developing third-publisher portfolios and to the increased amount of services provided.

Adjusted EBITDA in the Magazines Italy Area improved by approximately 23.9%, rising from 6.9 million euro to 8.5 million euro, driven mainly by the benefits of the digital business achieved with the combination of ex Banzai Media’s teams and products; print activities reported a slight decrease in margin, almost offsetting the drop triggered by the trend of the markets, with ongoing optimization actions and containment of editorial and overhead costs.

The Area’s EBITDA improved further, closing at 8.2 million euro, up versus 5.3 million euro in 2016.

• Magazines France

In 9M17, revenue from Mondadori France amounted to 220.1 million euro, down by 8% versus 239.4 million euro in 9M16.

Specifically:

• Circulation revenue (approximately 75% of the total) posted a more moderate downturn (-5%) than the relevant market (-7%), as a result of the improved performance of the subscriptions channel.

In September, Mondadori France launched Dr. Good!, the new bi-monthly women’s health magazine, which scored positive results in terms of advertising and circulation (over 100 thousand copies).

Revenue from the sale of digital copies grew sharply in 9M17 versus 2016, driven by the new partnerships with a number of French telco players to offer Mondadori France brands to their subscriber base.

• Advertising revenue fell by an overall -18.5% versus 9M16; print advertising, accounting for over 85% of total advertising revenue, was basically in line (-12.9%) with the relevant market (-11.4%[7]), while the performance on the digital channel was affected by the internalization of advertising sales of the mobile/video segment, which led to a temporary drop in revenue (-23%), in a market that lost 8% at August[8].

In the reporting period, Mondadori France retained its position as second top player in the magazine advertising market, with a 10.7% share[9].

The digital readers (web, mobile & tablet) of Mondadori France magazines reached 11.2 million unique users[10], down by approximately -4% versus the average figure in 9M16.

Adjusted EBITDA came to 16.8 million euro versus 21.3 million euro in 9M16. The drop is mainly attributable to the downturn in circulation and in advertising revenue, and to the increase in circulation expenses, not fully offset by cost reductions. Adjusted EBITDA was also affected by the increase in rental costs for the offices (1.1 million euro) and by the deconsolidation from 1 May of NaturaBuy: net of the latter two effects, the decline in business would amount to approximately 3 million euro in 9M17.

Reported EBITDA amounted to 18.2 million euro, down by approximately 6% versus 9M16, driven by the positive contribution of the gain of 4.3 million euro from the disposal of NaturaBuy in May.

Significant events after the reporting period

Arnoldo Mondadori Editore S.p.A. continued to purchase treasury shares, as previously disclosed to the market on 26 June 2017, in execution of the resolution adopted by the Shareholders’ Meeting held on 27 April 2017, authorizing the purchase and disposal of treasury shares for a maximum amount of up to 0.96% of the share capital, which is intended to provide the Company with the 2.49 million shares needed in the three-year period to meet the obligations under the 2017-2019 Performance Share Plan approved by the Meeting. Following the purchases made so far, Arnoldo Mondadori Editore S.p.A. holds to date 760,000 treasury shares, equal to 0.291% of the share capital (including the 80,000 shares purchased in the period from 30 November to 2 December 2016, as per disclosure to the market on 6 December 2016).

On 19 October, the Mondadori share moved from the FTSE Italia Small Cap index to the FTSE Italia Mid Cap index.

The documentation relating to the presentation of the results at 30 September 2017, will be made available through the authorized storage mechanism 1Info (www.1info.it) and in the Investors section of the Company’s website www.gruppomondadori.it.

 This Interim Report at 30 September 2017 approved by the Board of Directors will be available on 10 November 2017 at the Company’s registered office, on the authorized storage mechanism 1info (www.1Info.it) and on www.gruppomondadori.it (Investor section).

The Executive Manager responsible for the drafting of the corporate accounting documentation – Oddone Pozzi – hereby declares, pursuant to Art. 154 bis, par. 2, of the Finance Consolidation Act, that the accounting documentation contained in this press release corresponds to the Company’s accounting entries, books and results.

 Annexes (see attached pdf):

1. Consolidated balance sheet
2. Consolidated income statement
3. Consolidated income statement – third quarter
4. Group cash flow
5. Glossary of terms and alternative performance measures used

[1] 9M17 at Group level includes, as from 1 January, the contribution of Rizzoli Libri, which was outside the scope of consolidation in 1Q16, and Banzai Media activities, consolidated as from 1 June 2016 and merged by incorporation into the Parent Company Arnoldo Mondadori Editore S.p.A., with accounting effects as from 1 January 2017.
 [2] 3Q17 and 3Q16 are comparable considering the consolidation scope of Rizzoli Libri and Banzai Media activities.
[3] Source: GFK, September 2017 (figures in terms of market value)
[4] Source: Audiweb, January-August 2017 average figure
[5] Internal source: Press-di, cumulative figures at August 2017 (newsstands + subscriptions in terms of value)
[6] Source: Nielsen, cumulative figures at August 2017
[7] Source: Kantar Media, cumulative figures in terms of volume at August 2017
[8] Source: SRI, August 2017
[9]> Source: Kantar Media, cumulative figures in terms of volume at July 2017
[10] Source: Nielsen, January-July 2017 average figure

Arnoldo Mondadori Editore S.p.A. (LEI Code 815600049A1F9AFE6666) announces the purchase on the MTA (Electronic Stock Market), in the period from 30 October to 3 November 2017, of no. 18,000 ordinary shares (equal to 0.007% of the share capital) at an average unit price of Euro 2.2243 for a total amount of Euro 40,036.70.
These transactions were made under the authorization to purchase treasury shares approved by the Shareholders’ Meeting on 27 April 2017 (previously disclosed pursuant also to art. 144 bis of Consob Regulation 11971/99 and to art. 132 of Legislative Decree 58/98).
The following table details the purchases made per day in the above period of Arnoldo Mondadori Editore S.p.A. ordinary shares, ISIN IT0001469383:

The purchases were made through the authorized intermediary Equita Sim S.p.A. (LEI Code 815600E3E9BFBC8FAA85).
Following the purchases made so far, Arnoldo Mondadori Editore S.p.A. holds no. 760,000 treasury shares, equal to 0.291% of the share capital.
Purchases in detail in the complete pdf file.

The Italian Magazines area of the Mondadori Group, led by general manager Carlo Mandelli, has created an International Fashion hub, to be run by brand manager Daniela Sola.

The strategic priorities of the new structure will include the further development of the Grazia brand in Italy and around the world in order to build the value of the brand in an even more coordinated and effective way.
After many years of experience at Salvatore Ferragamo Parfums and 12 years in publishing, Daniela Sola is tasked with leveraging Grazia’s international network by implementing the strength of a brand that for almost 80 years has been a point of reference in fashion and beauty publishing and is currently present in 24 countries around the world.

With its unmistakable style, Grazia is recognised every day by readers and the most dynamic and sophisticated digital communities, as the most qualified interpreter of Made in Italy, which has also made it one of the preferred advertising vehicles of up-scale fashion and cosmetics companies.

It is these strong points that have enabled Grazia to evolve into a multi-channel (print-digital-social-events) system which, with its magazines and web sites, reaches a global audience of some 17 million, with an average of 10 million copies per month and 30 million unique users.
In Italy, in the first 9 months of this year, the brand recorded an overall increase in advertising sales (print + web) of 7.5%, compared with the same period of the previous year.

Reporting directly to the general manager of Italian Magazines, Carlo Mandelli, Daniela Sola will also take on the role of managing director of Mondadori International Business, the company that manages the presence of other Group brands on foreign markets, including Interni, Icon, Icon Design and Il mio Papa.

From today, thanks to an agreement between FlixBus, the start-up that has become Europe’s leading coach operator, and Mondadori Store, Italy’s most extensive chain of bookstores, it is possible to buy directly from participating Mondadori stores gift cards for coach trips to over 1,200 cities connected by FlixBus in 26 European countries.

Andrea Incondi, Managing Director of FlixBus Italia, commented on the agreement with Mondadori Store: “We are absolutely delighted to be working with Mondadori Store on the launch of this new gift card, which we are sure will be a big hit with the public and enable us to greatly expand awareness of our services across the whole of Italy and attracting passengers by our concept of travel which has always been something valuable to share and also to give as a gift.”

“The new FlixBus gift card will help us to extend and diversify even more the range of products and services offered by Mondadori Store in the travel sector, an all-round offer that takes in culture and entertainment, aimed also at young people,” stated Francesco Riganti, marketing director of Mondadori Retail.

Meanwhile, Antonio Sorrentino, chief executive of Domec, added: “Domec is immensely proud to participate in the growth of an important brand like FlixBus, providing the support of our technology in order to achieve such ambitious business objectives.”

The gift card is available in three denominations: (€25, €50 and €100) that can be used to buy tickets online (at www.flixbus.it) or using the app, with the code provided on the receipt. Operational processing is by Domec, the Fintech company that operates in the sector of innovative payment and loyalty systems.

Arnoldo Mondadori Editore S.p.A. (LEI Code 815600049A1F9AFE6666) announces the purchase on the MTA (Electronic Stock Market), in the period from 23 to 27 October 2017, of no. 23,000 ordinary shares (equal to 0.009% of the share capital) at an average unit price of Euro 2.2127 for a total amount of Euro 50,892.10.
These transactions were made under the authorization to purchase treasury shares approved by the Shareholders’ Meeting on 27 April 2017 (previously disclosed pursuant also to art. 144 bis of Consob Regulation 11971/99 and to art. 132 of Legislative Decree 58/98).
The following table details the purchases made per day in the above period of Arnoldo Mondadori Editore S.p.A. ordinary shares, ISIN IT0001469383:

The purchases were made through the authorized intermediary Equita Sim S.p.A. (LEI Code 815600E3E9BFBC8FAA85).
Following the purchases made so far, Arnoldo Mondadori Editore S.p.A. holds no. 742,000 treasury shares, equal to 0.284% of the share capital.
Purchases in detail in the complete pdf file.

Arnoldo Mondadori Editore S.p.A. (LEI Code 815600049A1F9AFE6666) announces the purchase on the MTA (Electronic Stock Market), in the period from 16 to 20 October 2017, of no. 23,000 ordinary shares (equal to 0.009% of the share capital) at an average unit price of Euro 2.4028 for a total amount of Euro 55,263.90.

These transactions were made under the authorization to purchase treasury shares approved by the Shareholders’ Meeting on 27 April 2017 (previously disclosed pursuant also to art. 144 bis of Consob Regulation 11971/99 and to art. 132 of Legislative Decree 58/98).

The following table details the purchases made per day in the above period of Arnoldo Mondadori Editore S.p.A. ordinary shares, ISIN IT0001469383:

The purchases were made through the authorized intermediary Equita Sim S.p.A. (LEI Code 815600E3E9BFBC8FAA85).

Following the purchases made so far, Arnoldo Mondadori Editore S.p.A. holds no. 719,000 treasury shares, equal to 0.27% of the share capital.

Purchases in detail in the complete pdf file.

Starbene, the Mondadori Brand that is a point of reference in the world of health and wellbeing, is organising for the first time a free two-day event entirely dedicated to prevention, healthy eating, beauty and fitness in order to celebrate with its audience forty years of authoritativeness and competence.

A Weekend of Wellbeing, on 21 and 22 October at the Microsoft House in Viale Pasubio in Milan, with a full programme of events run in conjunction with outstanding collaborators: not just the usual team of experts that Starbene depends on, but also doctors from the Gruppo Ospedaliero San Donato – the patron of the event -, Virgin Active personal trainers, chefs from the Sale&Pepe cooking school and beauty experts from important companies in the cosmetics sector.

“The mission of Starbene is to consider health as a question of lifestyle. A way of ensuring that a balanced diet, appropriate physical exercise and an awareness of one’s body becomes a question of habit. What could be better than a weekend of wellbeing to promote this philosophy? During the two days at Microsoft House we will offer participants the wellness kit that everyone needs,” said the editor ofStarbene, Annalisa Monfreda.

The programme is organised in four macro areas, with events taking place from 10 am to 7 pm.

• free medical check ups: on the Starbene website, you can book your free appointment with a doctor from the Gruppo Ospedaliero San Donato – Italy’s leading hospital group with 18 hospitals, in Lombardy and Emilia Romagna – including specialists in gastroenterology, nutrition, gynaecology, cardiology, as well as senology, urology, dermatology, ophthalmology, ENT, pulmonology, dentistry and aesthetic surgery;
• showcooking: nutritionists from both Starbene and the Gruppo Ospedaliero San Donato, together with chefs from the Sale&Pepe cooking school  will focus their attention of the right diet, health food and food intolerances;
• talk shows: conferences conducted by experts from the Starbene team and dedicated to the importance of prevention and healthy lifestyles, with the presence of  guests such as the two Italian volleyball champions Alessia Orro and Alessia Gennari, both players of the Unet E-Work Busto Arsizio (planned for Sunday 22, at 11.30 am);
• fitness: demonstrations and free lessons of cross cardio, booty barre and strength Vinyasa yoga, in collaboration with Virgin Active.

Plus, a beauty corner,  overseen by Biopoint consultants and visage&make up artist Bionike, who will offer analysis and advice on hair structure and make up for sensitive skin.

For a full programme, information and enrolment, please visit: Starbene.it/salute/milano-week-end-del-benessere/

From 17 October 2017 to 18 February 2018, Palazzo Reale in Milan celebrates Henri de Toulouse-Lautrec (1864-1901) in a major exhibition detailing the whole of his artistic career and his extraordinary modernity.

The exhibition, curated by Danièle Devynck (director of the Toulouse-Lautrec Museum in Albi) and Claudia Zevi, is promoted and presented by the Cultural Department of the Milan Municipal Council, Palazzo Reale, Giunti Arte Mostre Musei and Electa, together with the Musée Toulouse-Lautrec in Albi and the Institut National d’Histoire de l’Art (INHA) in Paris.

Organised in themed sections, the exhibition helps visitors grasp the full extent of Lautrec’s vision and his role in the history of art as, despite never belonging to any school, he constructed a new, and extremely provocative, realism, a superlative synthesis of colour, shape and movement.

Despite his aristocratic background, Lautrec chronicled the slums and brothels of Paris and here the evolution of his style is traced in each and every phase of his development, in his paintings and his sketches, with a particular emphasis on his profound knowledge of Japanese prints and his passion for photography.

The exhibition comprises over 250 works by Toulouse-Lautrec, with 35 paintings on display, in addition to lithographs, etchings and his complete series of 22 posters, from the Musée Toulouse-Lautrec in Albi, other major museums and international collections and a number of private collections.