[ad_1]
Although the first slowdown of the large luxury brands after two decades of prosperity has begun to have an impact on the supply chain, a series of mergers and acquisitions continue to be concentrated in the production sector, with multiple purposes: on the one hand, to protect the production sector, and on the other hand, to improve its competitiveness on a global scale.
The pattern enhances the luxurious feel of the knitted polo shirt
Pattern is a Turin-based group with revenues of 145 million euros in 2023 (+33.1% on 2022) that has been active in the design, development, prototyping and production phases of high-end fashion for third-party brands for nearly 25 years. Announced that it has acquired, through its subsidiary Società Manifattura Tessile (Smt), 100% of the shares of Umbria Verde Mattioli (Uvm), a company that has been producing knitwear since 1959, with a turnover of approximately 17.8 million euros and an EBITDA of approximately 4.2 million. The operation is valued at 20 million euros and it is expected that STM will pay the seller 8 million euros immediately and 3 million euros per year thereafter, provided that the selling partners remain on the UVM board of directors. The remaining amount, approximately 9 million euros, will be used by these partners to subscribe to the capital increase of Smt and acquire a 10% stake in the company. “With this acquisition, a “single supply chain” is created in the knitwear sector, the largest at international level in the luxury sector, which is strongly oriented to three directives”, say Luca Sburlati, Pattern CEO, together with Franco Martorella and Fulvio Botto, founders and major shareholders -: the design and innovation capabilities in four absolutely complementary locations; the creation of a single internal industrial platform certified according to ESG principles; the implementation of technological innovations in products and semi-finished products in a product category such as knitwear that will develop rapidly in the coming years. To these elements we add the great Emilia and Umbria tradition – in these regions we already have a strong presence – which will guarantee a further element of excellence”. With this business, Pattern, listed on the Milan segment of Euronext since 2019, strengthens and expands the knitwear hub (one of the four pillars alongside clothing, leather goods and R&D), which already has the three companies SMT, Zanni and Nuova Nicol in Emilia Romagna.
Mantello and Lati renew contract
The protection and competitiveness of the supply chain are at the heart of another action communicated in recent days: the new alliance between the Ratti and Mantero companies from Como. In fact, the two textile companies have each acquired a 20% stake in Color Como, a company specialized in dyeing, scouring and finishing that represents a benchmark in the textile sector in the region. Founded in 1988 by the Cattaneo family and in 2021 A group of entrepreneurs from Biella who modernized management. «We are proud to renew our partnership with Mantero. This agreement reflects our commitment to supporting the textile supply chain, guaranteeing high quality services and new opportunities for recovery,» says Sergio Tamborini, CEO of Ratti. We believe that concrete actions and projects must be implemented, aimed at preserving the functioning of the supply chain and encouraging other similar actions by other actors.» These aggregations also aim to improve the efficiency of small companies in terms of environmental impact: “The Como Silk District is a gem of great value and we are proud to have invested in this supply chain and in everything that is company-friendly, with a quality focus on a modern and environmentally friendly system. Today, Color Como is already a point of reference in the area and we hope that with this new corporate structure it will be even more so in the future. » says Franco Mantero, president of Mantero Seta. The two companies have formed an alliance to enter Foto Azzurra, the capital of the district, which has been producing supports for screen printing on fabrics since 1989.
[ad_2]
Source link
