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Prada and Zegna acquire minority stake in Luigi Fedeli e Figlio

Italian fashion groups Prada and Ermenegildo Zegna have acquired a minority stake in knitwear company Luigi Fedeli e Figlio as a strategic investment to secure Italian excellence in fine yarns. In a statement, Prada and Zegna confirmed they will each acquire a 15 percent stake in the Italian knitwear company, while Luigi Fedeli, the current...