Italian luxury company Ermenegildo Zegna acquires Tessitura Ubertino

Italian luxury fashion house Ermenegildo Zegna Group has strengthened its luxury textile division with the acquisition of the majority stake in Tessitura Ubertino, a company based in Biella, Italy that specialises in high-end fabrics for women such as tweeds and jacquards. As part of the deal, Zegna has bought 60 per cent stake in the company.

The acquisition of historic Italian companies – Bonotto, Dondi and Tessitura di Novara – each one with a specialisation in a particular sector has allowed Zegna to set up, together with Lanificio Zegna, a unique luxury textile division aimed to create unparalleled quality textile products while preserving the specificities, know-how and craftsmanship of Made in Italy, the company said in a statement.