Day: June 11, 2021

Italian luxurious firm Ermenegildo Zegna acquires Tessitura Ubertino

Italian luxurious trend home Ermenegildo Zegna Group has strengthened its luxurious textile division with the acquisition of the bulk stake in Tessitura Ubertino, an organization based mostly in Biella, Italy that specialises in high-end materials for girls reminiscent of tweeds and jacquards. As a part of the deal, Zegna has purchased 60 per cent stake within the firm.

The acquisition of historic Italian firms – Bonotto, Dondi and Tessitura di Novara – every one with a specialisation in a selected sector has allowed Zegna to arrange, along with Lanificio Zegna, a singular luxurious textile division aimed to create unparalleled high quality textile merchandise whereas preserving the specificities, know-how and craftsmanship of Made in Italy, the corporate mentioned in a press release.

“This new acquisition of Tessitura Ubertino provides a brand new ingredient to our luxurious textile division which is represented by the best firms in our nation, every one with its personal specialisation in high-end materials. We’ve got at all times believed within the ‘Italian trend trade’ provide chain for which it represents a vital asset”, mentioned Gildo Zegna, CEO of Zegna.

“Zegna Group is a worldwide chief in luxurious menswear and one of many main gamers as a

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