Will Diego Della Valle help La Scala theatre?
The artistic director of Milan’s La Scala theatre, Stephane Lissner, has said that the theatre is “in danger” of becoming a private entity, due to declining government spending on the arts in Italy.
This could mean that Diego Della Valle, president and CEO of leathergoods firm Tod’s, could take control of a new cultural cause, according to WWD. Mr Della Valle is a member of the La Scala Foundation, which provides private contributions to the theatre. State contributions to the theatre have decreased significantly over the last 15 years. The government provided 61% of La Scala’s funding in 1998. Last year the percentage dropped to 47%. This year that number was 37.5%. The drop could allow for Mr Della Valle and the La Scala Foundation to increase their funding and take on bigger roles in running the theatre.
