Breaking News
Ermenegildo Zegna Group takes control of Bonotto SpA
October 04 2016
Breaking News
Milan, 3rd October 2016 – The Ermenegildo Zegna Group, a leader in luxury menswear that, in the production of high-end fabrics for men and women has a consolidated primacy with its eponymous Lanificio, Lanificio Agnona and Tessitura di Novara, has concluded an agreement for the control of Bonotto SpA, a textile manufacturing company based in Molvena (Vicenza).
The agreement, signed by Gildo Zegna and Giovanni Bonotto, calls for a continuation of the presence of the Bonotto family, which will keep 40% of the share capital and will take responsibility for management and creative direction.
The Zegna Group will also enter, with a 33% share and in the same manner as Cristiano Seganfreddo, the BONOTTOEDITIONS company, which is an innovative project dedicated to special edition textiles, among which art, fashion and design.
Bonotto and BONOTTOEDITIONS, which are present in Milan with a showroom in via Durini, are characterized by the creative and experimental dimension of their fabrics and for a cultural approach symbolic of a new, contemporary know-how; a feature recognized by leading fashion and luxury brands, as well as emerging international designers.
This cultural dimension has been fueled from the beginning by the Luigi Bonotto Foundation, which has its headquarters in the factory and is now one of the most important organizations in the world for the Fluxus movement – concrete and visual poetry – with almost 20,000 works archived.
Founded by Luigi Bonotto in 1912, the company is now led by Lorenzo and Giovanni, grandsons of the founder, who have steered its international growth. The Vicenza-based company has a complete cycle, with direct control of the different stages of production from weaving to finishing, and the production of various seasonal collections that are present in major world markets.
“We’ve known and appreciated for some time the Bonotto family,” says Ermenegildo Zegna, CEO of the Zegna Group. “Their history is very similar to ours, starting from attention to the territory, art and culture as tools for the development of a company. I am sure that together we will achieve new and innovative goals, thereby strengthening our respective corporate missions.”
“The combination of our families,” adds Giovanni Bonotto, Creative Director of Bonotto SpA, “will give a further boost for both companies in uncharted areas such as furnishing and experimental fabrics. The pioneering spirit and the search for innovation, which are consistent with the traditions that distinguish us, are the best guarantee toward the creation of a real aboratory for the future of textiles.”
The agreement, signed by Gildo Zegna and Giovanni Bonotto, calls for a continuation of the presence of the Bonotto family, which will keep 40% of the share capital and will take responsibility for management and creative direction.
The Zegna Group will also enter, with a 33% share and in the same manner as Cristiano Seganfreddo, the BONOTTOEDITIONS company, which is an innovative project dedicated to special edition textiles, among which art, fashion and design.
Bonotto and BONOTTOEDITIONS, which are present in Milan with a showroom in via Durini, are characterized by the creative and experimental dimension of their fabrics and for a cultural approach symbolic of a new, contemporary know-how; a feature recognized by leading fashion and luxury brands, as well as emerging international designers.
This cultural dimension has been fueled from the beginning by the Luigi Bonotto Foundation, which has its headquarters in the factory and is now one of the most important organizations in the world for the Fluxus movement – concrete and visual poetry – with almost 20,000 works archived.
Founded by Luigi Bonotto in 1912, the company is now led by Lorenzo and Giovanni, grandsons of the founder, who have steered its international growth. The Vicenza-based company has a complete cycle, with direct control of the different stages of production from weaving to finishing, and the production of various seasonal collections that are present in major world markets.
“We’ve known and appreciated for some time the Bonotto family,” says Ermenegildo Zegna, CEO of the Zegna Group. “Their history is very similar to ours, starting from attention to the territory, art and culture as tools for the development of a company. I am sure that together we will achieve new and innovative goals, thereby strengthening our respective corporate missions.”
“The combination of our families,” adds Giovanni Bonotto, Creative Director of Bonotto SpA, “will give a further boost for both companies in uncharted areas such as furnishing and experimental fabrics. The pioneering spirit and the search for innovation, which are consistent with the traditions that distinguish us, are the best guarantee toward the creation of a real aboratory for the future of textiles.”
