Lanificio dell’Olivo celebrated 75 years of operation and commitment in the fashion industry by holding an event on the rooftop of Hotel Baglioni in Florence on 29 June, during the 91st edition of Pitti Filati. Lanificio continues to innovate with its yarn collections, which focus closely on today’s eco-aware priorities. It recently added RAS (Responsible Alpaca Standard) to its growing number of certifications, becoming the first spinning company in Italy to offer responsible alpaca to its customers.
For Autumn/Winter 2023.24, it proposes nine new items as part of a broad range of solutions. The collection features two aspects: yarns channelling the desire for comfort and durability, and yarns with a more modern, sporty mood. A kaleidoscope of opportunities for various requirements, for all types of knitwear, with a varied colour palette in line with the latest trends.
The event also provided an opportunity to announce the acquisition of a majority stake in Manifattura Sesia, an Italian leader in the transformation of premium natural fibres into precious, classic and fancy yarns, by Ethica Global Investments, the investment firm promoted by Ethica Group (which Lanificio dell’Olivo is part of) for the creation of a quality Italian yarns hub. The founding families, Baccalaro and Serra, will continue to play an active role in the share ownership and top management at the company; in particular, Eugenio Parravicini will stay on as managing director and Chiara Serra will continue to be the brand’s creative director. The acquisition of Manifattura Sesia joins Lanificio dell’Olivo, which became part of the group in 2020, with the aim of creating a hub for quality Italian yarns. The two companies share a prestigious position in the yarn world. “Manifattura Sesia represents an important part of our strategy to create a quality Italian yarns hub: shared values, the complementary nature of our products and geographical coverage enable us to build synergies and invest in strategic areas such as sustainability, innovation and customer service,” says Lanificio dell’Olivo Chair Vittoria Varianini.
“We are pleased because the project represents an element of continuity and growth for our company within a highly structured development plan,” says Manifattura Sesia CEO Eugenio Parravicini. Fabio Campana, Lanificio dell’Olivo CEO, adds: “By joining with Manifattura Sesia we feel much stronger and even more capable of tackling difficult challenges both now and in the future.”