Last year the group sold a 70 percent stake in Agnona Srl to the Aimone family, another branch of the Zegna family. The Ermenegildo Zegna Group marked its 110th anniversary in 2020 and closed 2019 with sales of just above 1.3 billion euros, compared with 1.16 billion euros in 2018, also helped by the consolidation of the Thom Browne label, acquired in 2018. These topped the acquisition a year earlier of a minority stake in India’s luxury men’s wear firm Raghavendra Rathore Jodhpur, partnering with Reliance Brands Ltd., and of Cappellificio Cervo, a historic men’s hat brand based in Biella. The Dondi-Capelli family continues to own a 35 percent interest in the company and remained in charge of management and creative direction.Īt the beginning of 2018, the Zegna group further strengthened its creative offer and production capacity by finalizing the acquisition of a controlling stake in Pelle Tessuta, which specializes in the weaving of leather. The acquisition follows that of a majority stake in Dondi Group, a leading manufacturer of high-quality jersey fabrics for men and women based in Carpi, outside Modena - one of Italy’s main textile and knitwear hubs. The agreement helps Zegna strengthen its standing in women’s fabrics and further develop its textile supply chain, which includes Lanificio Zegna, Lanerie Agnona, Tessitura di Novara, Bonotto and Dondi, raising its position in the country in terms of variety and size.
“We are confident that together with Zegna group we will successfully face every new challenge that the market will require,” he added, praising the family mill’s innovative bent.
“By sharing the same roots and the tradition in the highest-quality fabrics it has been natural to sign this agreement, to give a new impulse to our company and to reach out to new goals at the same time,” he said.
They Are Wearing: Paris Men’s Fashion Week Spring 2023įounded in 1981 by Adalgiso Ubertino, the mill is now led by his heirs, brothers and co-CEOs Alberto and Paolo.Īlberto Ubertino, who also serves as creative director of Tessitura Ubertino, touted the Zegna group’s global leadership position in men’s wear and textiles.
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