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Italian Synthetic Leather Maker Coronet Acquires Rival

When it’s deliver-or-die, supply chains become the lifeblood of a company. To that end, the fashion industry has embraced technology to navigate today’s hyper-complicated supply chain, with myriad solutions shaping the first, middle and last mile. Call it Sourcing 2.0.

Two decades-old Italian firms that produce synthetic leather for the footwear market and other industries are now one. Coronet Spa, based in Milan, announced it had acquired its rival, Synt3, in a deal that gives it more manufacturing plants in Italy and a larger market. Terms of the deal were not disclosed. Now Synt3’s 86…

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