Home / Knowledge / News / Fashion / Italy's Ermenegildo Zegna buys majority stake in Dondi

Italy's Ermenegildo Zegna buys majority stake in Dondi

10
Jul '19
Pic: Ermenegildo Zegna
Pic: Ermenegildo Zegna
Italian luxury fashion house Ermenegildo Zegna recently bought a a 65 per cent stake in Fossoli-based knitwear producer Dondi. The value of the stake was not disclosed. Dondi specialises in 100 per cent ‘made in Italy’ knits for men and women and has been a supplier to both Ermenegildo Zegna and other luxury brands across Europe for over 40 years.

Dondi's top markets include the Turkey, South Korea, France, Germany, Japan, the United Kingdom, and the United States. It was founded in the 1970s by Edda and Lauro Dondi, and is now run by their son Stefano, daughter Lorella, and her spouse Guido Capelli.

In a statement, the trio said Ermenegildo Zegna is ‘the ideal partner for the natural continuation of our entrepreneurial story’, according to European media reports.

Last year, Ermenegildo Zegna acquired American luxury label Thom Browne. (DS)

Fibre2Fashion News Desk – India


Must ReadView All

Pic: Board of Investment of Sri Lanka

Textiles | On 16th Jul 2019

BOI Sri Lanka signs deal with Hellman MAS Supply Chain

The Board of Investment of Sri Lanka has signed a deal with Hellman...

Pic: Shutter Stock

Textiles | On 16th Jul 2019

Kenya's cotton output likely to triple over 2018 figures

Cotton production in Kenya this year is expected to triple over last...

Pic: Shutter Stock

E-commerce | On 16th Jul 2019

Amazon to invest over $700 mn to upgrade staff skills

Amazon will invest over $700 million on training programs to upgrade...

Interviews View All

C Kamatchisundaram, Voltas

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Amit Jain, Shingora Textiles Ltd

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Textile industry, Head honchos

Textile industry
Head honchos

Athleisure is the current buzzword in fashion

Shivani Swamy,

Shivani Swamy

The Livinguard Technology is owned by Green Impact Holding AG based in...

Lin Jing,

Lin Jing

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

Yariv Bustan,

Yariv Bustan

Founded in Israel in 2015, Twine Solutions is a tech start-up that has...

Davide Vigano, Sensoria

Davide Vigano
Sensoria

Sensoria is a leading developer of smart garments and IoMe (Internet of...

Larry L Kinn, Suominen Corporation

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Mohammad Hassan, Biax Fiberfilm

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Vaanee Bhatia, Gritstones Clothing

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Akta Adani, India Boulevard

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Mike Hoffman, Gildan Activewear SRL

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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


July 2019

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

news category


Related Categories:

Advanced Search