• Prada and Ermenegildo Zegna buy Filati Biagioli Modesto S.p.A

    1 month ago - By Fashion United

    The Prada Group and Ermenegildo Zegna Group have acquired a majority shareholding in Italian company Filati Biagioli Modesto S.p.A., which specialises in cashmere and other precious yarns.
    In a statement, the two companies said that they have each acquired a 40 percent shareholding in Filati Biagioli Modesto S.p.A., which is based in Montale outside Pistoia, Italy, for an undisclosed amount.
    The founding Biagioli family will retain a 15 percent stake and the remaining 5 percent will be owned by Renato Cotto, a manager from Biella with a long career in the textile sector, who has been...
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