Bauli Il Panettone. Enjoy this Italian tradition, share it and make it your own. Italians serve Panettone during the holiday season for breakfast, dessert or a snack. But, Panettone is also perfect anytime, and the long life makes it easy to keep an extra one at home to share with friends and family. it is an ideal holiday gift for those special people in your life. It is so good, you will ask why it is called a "holiday" cake. The answer is simple, it is tradition. Today, Bauli is acknowledged as the leader in the category and the Bauli brand is No. 1 in the Italian market.