MILAN — Brunello Cucinelli SpA is set to be one of the hottest initial public offerings in fashion history — and it already has the backing of two other major Italian labels: Ermenegildo Zegna and Benetton Group.
Zegna and Benetton said Tuesday they have acquired stakes of 3 percent and 2 percent, respectively, in Cucinelli. The shares float on the Italian Stock Exchange on Friday.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"