# 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.

- Type: Acquisition
- Announced: 2019-09-03
- Where: Monza, Italy, Italy
- Status: announced
- Products: knitwear, fine yarns
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Ermenegildo Zegna Group](https://endata.com/companies/41828.md) (acquirer)
- [Prada Group](https://endata.com/companies/41829.md) (acquirer)
- [Luigi Fedeli e Figlio](https://endata.com/companies/41830.md) (target)

## Sources

- [wwd.com](https://wwd.com/sourcing-journal/industry-news/prada-zegna-minority-investment-luigi-fedeli-e-figlio-italian-knitwear-fine-yarns-1238817250/), 2019-09-03: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.