Luigi Fedeli e Figlio Srl, which is backed by Ermenegildo Zegna Group & Prada Group, marks its 90th anniversary at Pitti Uomo, Milan Fashion Week.
joined forces to acquire a minority stake of 15 percent each in the firm, signaling a strategic investment to preserve the know-how and tradition of Italian excellence in fine yarns.
Last year, the company’s sales grew more than 20 percent to 27.2 million euros over 2022. Prior to that, it had already doubled sales in two years and Fedeli projects a further growth of more than 10 percent for 2024, too. “There’s been only one change which is the fact that having very structured and listed partners clearly leads any company to have to adapt and step up in all that concerns the financial aspect,” said Fedeli.
The U.S. has indeed grown to become the brand’s largest market after Italy, thanks to Fedeli’s son Niccolò, who joined the company in 2016 and who opened two showrooms Stateside. The DACH area — including Germany, Austria and Switzerland — Japan and China are the company’s other top markets. The brand is strongest in menswear, driven not only by its fine knits but also by a successful range of swimwear and polo shirts in jersey or organic cotton piquet. Fedeli said the introduction of this summer counterpart was pivotal in the company’s journey, much like how it evolved from a felt hat maker into aLooking forward, the firm is committed to expanding womenswear, which accounted for 15 percent of sales last year, while also boosting its overall manufacturing capacity.
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