Prada and Zegna Team Up to Acquire Italian Cashmere Yarn Maker

Prada Group and Ermenegildo Zegna Group have jointly acquired the majority shareholding interest in Filati Biagioli Modesto S.p.A., a textile company based in Montale, Italy. Filati Biagioli Modesto specializes in the production of cashmere and other noble yarns and fibers. The Prada Group and the Ermenegildo Zegna Group will each be assigned 40 percent of…