Fendi, the renowned luxury fashion house, has recently made a significant move by acquiring a majority stake in Maglificio Matisse, an Italian knitwear manufacturer. Known for its long-standing partnership with Fendi, Maglificio Matisse has been a key supplier to the fashion house for the past 15 years. In addition to serving Fendi, the knitwear producer also caters to other luxury brands in the industry. Situated in Sant’Egidio alla Vibrata, in the province of Teramo, Maglificio Matisse stands out for its unique blend of traditional craftsmanship and cutting-edge technology, making it a vertically integrated company that covers every aspect of the knitwear production process.

This acquisition perfectly aligns with Fendi’s unwavering commitment to supporting the “Made in Italy” movement and reinforcing its supply chain. While the exact financial details of the majority stake acquisition were not disclosed, Serge Brunschwig, the chairman and CEO of Fendi, emphasized that this move further solidifies their dedication to promoting Italian manufacturing and strengthening the overall supply chain.

Founded in 1989 by Luigino Scarpantonii and his brothers and sister-in-law, Maglificio Matisse will continue to be overseen by its original founders, including Scarpantonii’s three children, even after the Fendi acquisition. Scarpantonii expressed his excitement about the partnership with Fendi, emphasizing that the investment from the luxury fashion house will greatly enhance their production capacity. He is glad to embark on this new path with his children by his side, highlighting their shared vision for the future.

It is noteworthy that this acquisition marks the first time that Fendi has taken on one of its suppliers. Interestingly, Fendi’s move follows a similar course taken by Brunello Cucinelli, another prominent luxury brand, which earlier this year acquired a 43% stake in its main cashmere supplier, Cariaggi Lanificio, in March.

Through this acquisition, Fendi solidifies its longstanding relationship with Maglificio Matisse and reiterates its commitment to supporting Italian manufacturing and the luxury industry’s supply chain. As Fendi continues its tireless efforts to promote the “Made in Italy” ethos, this partnership will undoubtedly contribute to the growth and success of both brands in the fashion industry.

For more information about Fendi, please visit their official website: https://www.fendi.com

To learn more about Maglificio Matisse and their knitted products, please visit their official website: https://www.maglificiomatisse.it