Italian luxury company Ermenegildo Zegna acquires Tessitura Ubertino

Italian luxurious vogue house Ermenegildo Zegna Team has strengthened its luxurious textile division with the acquisition of the majority stake in Tessitura Ubertino, a corporation dependent in Biella, Italy that specialises in higher-finish fabrics for ladies these kinds of as tweeds and jacquards. As portion of the offer, Zegna has purchased 60 per cent stake in the corporation.

The acquisition of historic Italian companies – Bonotto, Dondi and Tessitura di Novara – every a single with a specialisation in a distinct sector has permitted Zegna to set up, with each other with Lanificio Zegna, a one of a kind luxurious textile division aimed to generate unparalleled excellent textile items although preserving the specificities, know-how and craftsmanship of Created in Italy, the corporation reported in a assertion.

“This new acquisition of Tessitura Ubertino provides a new element to our luxurious textile division which is represented by the greatest companies in our region, every a single with its possess specialisation in higher-finish fabrics. We have usually thought in the ‘Italian vogue industry’ source chain for which it signifies a pretty vital asset”, reported Gildo Zegna, CEO of Zegna.

“Zegna Team is a world wide chief in luxurious menswear and a single of the main gamers as a textile hub of excellence. By sharing the same roots and the custom in the best excellent fabrics it has been natural to signal this agreement, to give a new impulse to our corporation and to reach our new targets at the same time. Pearls, ribbons, sequins, fancy yarns, heaps of colour and terrific attention to information: considering the fact that its inception in the nineteen eighties, Tessitura Ubertino has produced as a genuine exploration laboratory in fabrics in which innovation and creativity have been set at the support of major intercontinental luxurious and women’s vogue residences,” reported Alberto Ubertino, imaginative director of Tessitura Ubertino and co-CEO with his brother Paolo.

Fibre2Fashion News Desk (KD)

Italian luxurious vogue house Ermenegildo Zegna Team has strengthened its luxurious textile division with the acquisition of the majority stake in Tessitura Ubertino, a corporation dependent in Biella, Italy that specialises in higher-finish fabrics for ladies these kinds of as tweeds and jacquards. As portion of the offer, Zegna has purchased 60 per cent stake in the corporation.