Colosseum to be restored by shoe manufacturer

Roman officials have accepted an offer from Diego Della Valle, founder of Tod's luxury shoe brand, to fund the restoration of the crumbling Colosseum.

"A monument that represents Italy in the world must be restored, and a company that represents Made in Italy stepped forward to say, 'If you need us, we are here'," Mr Della Valle, who founded the shoe company Tod's, told a press conference. The restoration is expected to cost 25m euros (UK£21m; US$34m).