Prada and Zegna each acquire 15% stake in Luigi Fedeli e Figlio

Ermenegildo Zegna Group and Prada Group each agreed to buy a 15% stake in Luigi Fedeli e Figlio S.r.l., a knitwear and fine yarns company based in Monza, Italy. Luigi Fedeli will retain 70% and continue as chairman and CEO.

“This agreement for a Prada Group’s acquisition of a shareholding in Fedeli represents a strategic investment to preserve the know-how and tradition of an Italian excellence in fine yarn.”wwd.com

• 1 source
• wwd.comPrada, Zegna Team Up to Invest in Italy's Luigi Fedeli e FiglioLuisa ZarganiSep 3, 2019

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