Zegna goes vertical and takes stake in Australia - sportstextiles: Lea SportsTextiles

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Zegna goes vertical and takes stake in Australian merino operation

10/07/2014
High-end Italian fashion company, Zegna, has taken greater control of its merino wool sourcing by beginning a joint venture with Charlie Coventry, owner of the Achill property in New South Wales.

The Australian wool-grower owns just short of 12,500 animals and Zegna, consumer of 1.5 million kilos of wool annually, has taken a 60% stake in the business, according to reports in Australia.

Through verticalisation, Zegna hopes to establish easier access to merino.



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