MILAN — Best known for its suit fabrics and men’s wear, Marzotto transformed itself into a luxury player when it bought Valentino earlier this year. The purchase was merely the latest step in Marzotto’s increasing drive into fashion and away from fabrics.

Marzotto, nestled in Italy’s northeastern Veneto region, is decreasing its dependence on its money-losing textile business and streamlining its structure to focus on its three best-known brands: Hugo Boss, Valentino and Marlboro Classics, a Philip Morris license for a rugged sportswear collection.

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