The trademark of The Phantom, a renowned jewel thief, is a glove left at the scene of the crime. Inspector Clouseau, an expert on The Phantom's exploits, feels sure that he knows where The Phantom will strike next and leaves Paris for the Tyrolean Alps, where the famous Lugashi jewel 'The Pink Panther' is going to be. However, he does not know who The Phantom really is, or for that matter who anyone else really is...
Alberto Nardi is a Roman businessman who fancies himself a man of great capabilities, but whose factory teeters perennially on the brink of catastrophe. Alberto is married to a rich and successful businesswoman from Milan, Elvira Almiraghi who has a no-nonsense attitude and barely tolerates the attempts of her husband to keep his factory afloat with her money.
Mike Hamilton, a Philadelphia lawyer, comes to Naples to settle the estate of his long estranged "black sheep" brother. Once there, he discovers that the deceased has left an 8 year old boy who is being raised by Michael's sister-in-law Lucia Curcio. To make matters worse, Lucia happens to be a sexy nightclub dancer.
