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Prada and Zegna Team Up to Acquire Italian Cashmere Yarn Maker

Fashion is at a crossroads: continue with cutting-edge strategies developed to persevere during Covid or slide back into familiar (yet unprofitable) habits? Get the experts' perspective at our in-person Sourcing Summit, Oct. 19 at New York’s Cipriani 42nd Street.

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…

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