Expansion
Between the 1980s and 1990s, Marzotto S.p.A. expanded through acquisitions. Marzotto became Europe's first fully integrated wool producer in 1987 after acquiring Lanerossi, followed by Hugo Boss in 1991 and Czechoslovakia’s Nová Mosilana wool mill in 1994. In 1997, the group announced a merge with HPI to form Gruppo Industriale Marzotto, the world's largest designer clothing manufacturer. However, Pietro Marzotto abruptly stopped negotiations, which led to Pietro's resignation of his function as chief executive and the take-over by Jean de Jaeger, the first non-Marzotto to be promoted to such a function. Pietro nonetheless remained the majority shareholder of Marzotto S.p.A. and he purchased Liteksas, a Lithuanian wool garments manufacturer, in 2000, so that the company could shift part of its production to the lower-cost market. He also bought Valentino S.p.A., which had been struggling under HPI, in 2002.[3]
The development of the Marzotto group continued in 2009, acquiring the NTB Nuova Tessilbrenta brand, specialized in the production of cotton casual and sportswear; It also stipulates the collaboration agreement with the Schneider Group, an important and recognized player in the sector in the acquisition and combing of wool and noble fibers, which provides for the creation of a joint production company for the processing of wool, in which Marzotto participates with 30% shares, based in a new plant in Egypt. In October 2009, Marzotto acquired, together with Faber Five, a company owned by Antonio Favrin,[4] 66.7% of Ratti, one of the most important Como companies in the world of silk, founded in 1945 by Antonio Ratti.[5]
In July 2018, Davide Favrin, a Management Engineering graduate and son of Antonio, the historical manager and shareholder of the company, first as CEO in 2002 and then as president since 2004,[4] was appointed CEO, replacing Sergio Tamborini, at the head of the group since 2006.[6]
