Home / Knowledge / News / Apparel/Garments / Vist & Bailo form Officina Italiana to focus on sportswear

Vist & Bailo form Officina Italiana to focus on sportswear

26
Nov '11
“Officina Italiana”, a new group, formed by the aggregation and development of Bailo SpA and Vist Srl, two internationally successful companies in Trentino Alto Adige, was presented in Trento.

Bailo is a historical brand representing the tradition and experience of a company that has constantly improved comfort and wellness in active outdoor sportswear for over 50 years.

Vist, founded in 1997 as a manufacturer of ski plates, has become a renown technical-sport brand with everything from plates to bindings, skis to ski clothing, offering elegant, high-quality products that express Made in Italy.

The aggregation of these two companies into “Officina Italiana” stems from the founders' conviction that they are creating a strong, solid company that will further enhance their competitiveness in order to attack the domestic and foreign market.

The operation calls for the formation of a group that will offer a complete product portfolio, differentiated by customer segmentation and covering two seasons. With respect to turnover, the “Officina Italiana”'s forecasts an increase from approximately Euro 20 million (consolidated for the two founding companies) to Euro 36 million in 2016, with EBITDA of about 17%.

The aggregation will also generate a significant increase in resources and professional know-how, with considerable induced activity for the local area. The complementarity and synergies deriving from the aggregation will bring greater resources to be invested in business and product development.

The “Officina Italiana” will focus on growth in Italy (by strengthening its sales network) and abroad (by expanding its distributor network). In addition to its current branches in the United States and Switzerland, others are expected in the medium term to develop the foreign market, with direct presence in strategic areas.

The Group's Board of Directors includes Bruno Zotta (Chairman), Elmar Stimpfl (Managing Director), and Roberto Jorio Fili, top manager in the fashion industry, who in the past held prestigious positions such as General Manager of Roberto Cavalli, Managing Director of Gianfranco Ferrè, and President of the Valentino Group.

Bruno Zotta Bailo, founder and President of Balio Spa, as well as President of the “Officina Italiana”, declares: “Bailo's entire history and business strategy have been marked by perseverance in the achievement of goals and by constant attention to growth opportunities offered by the market. Today, we hold true to our principles with this ambitious and competitive business plan, driven by Elmar Stimpfl's energy, which will allow us to reach the size that we have always desired.”

Elmar Stimpfl, founder and President of Vist Srl, as well as Managing Director of the “Officina Italiana”, declares: “We have created a company that will be the reference point for the ski and outdoor winter sports market, with potential to double its turnover in just a few years and grow internationally, with a new product range and its own distribution network in Italy and abroad.


Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 28th Feb 2020

Cambodian PM urges PRC to export raw materials by air, sea

Prime Minister Hun Sen recently urged Chinese ambassador to Cambodia...

Pic: Shutterstock

Textiles | On 28th Feb 2020

Pak govt urged to help clear consignments from China

The Sindh Industrial Trading Estate (SITE) Association of Industry...

Pic: Shutterstock

Textiles | On 28th Feb 2020

Coronavirus an opportunity for Indian textile industry?

While scientists across the world are busy developing vaccine and...

Interviews View All

Binoy Ravjani, Hero's Fashion

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Nishank Patel, Shri Dinesh Mills Limited

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

Sunil Kumar Sharma, Loknayak JPNSSSG Ltd

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Mark Tokuhara,

Mark Tokuhara

Japan-based FitJoy, a shoe brand for women, has been in the footwear...

Lin Jing,

Lin Jing

Jiangsu New Victor is a Chinese mechanical equipment manufacturing...

Christiane Thies,

Christiane Thies

Founded in 1892, Thies has concentrated on the fabrication of high-quality ...

Frank Heislitz, Freudenberg

Frank Heislitz
Freudenberg

Freudenberg Performance Materials is a leading global manufacturer of...

Pierre Wiertz, EDANA

Pierre Wiertz
EDANA

EDANA, the international association serving the nonwovens and related...

Iago Castro Asensio, RCfil Distribuciones S.L.

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Aditi Somani, Aditi Somani

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Seema Agrawal, Artisan Saga

Seema Agrawal
Artisan Saga

Artisan Saga, founded by Kaushik Rajani and Seema Agrawal, is an online...

Hemant & Nandita, Hemant & Nandita

Hemant & Nandita
Hemant & Nandita

The designer duo of Hemant & Nandita are known for being inspired by...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


February 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search