The Marzotto Group is an Italian textile manufacturer, based in Valdagno.
Created in 1836 as the Lanificio Luigi Marzotto & Figli, today the Group manufactures woollen and cotton yarns for clothing, and through equity investments, woollen yarns for knitwear, linen yarns and silk.
Luigi Marzotto founded a wool mill in Valdagno in 1836, but handed the business to his son Gaetano, Sr. in 1842. After the unification of the kingdom of Italy in 1861, Gaetano took advantage of the company’s location (companies in northeast Italy were found to make the transition from an agrarian to an industrial economy more quickly than those in the south) by buying a spinning factory nearby Maglione. By then, the company’s payroll had risen to over 1.200 employees.
After Gaetano’s death in 1910, Marzotto S.p.A. split in two, so his son Gaetano, Jr. took over the Maglione factory and his grandson Vittorio Emanuele Marzotto, who has been credited with leading the company into the export business, took over the Valdagno operations. In the 1950s, Marzotto S.p.A. diversified in the manufacturing of private-label menswear, Principe by Marzotto. After going public in 1961 with a listing on the Borsa Italiana, the Milan exchange market, the company started exporting its products to the United States. To reduce labour costs, 40 percent of the clothing production would eventually be transferred there.
In the mid-1980s, Marzotto Group decided to embark on a policy of outward expansion. In 1985, Marzotto Group acquired Finbassetti, a move that increases the Group's turnover to nearly Lira 700 billion. In the same year, Linificio e Canapificio Nazionale was also acquired, an agreement is signed with Missoni and negotiations with Philip Morris are finalized to start up leisure and sportswear lines with Marlboro Classic, a brand operating in the high-end casual segment and featuring collections inspired by the free spirit of the great American West. In 1987, Lanerossi and fashion designer Gianfranco Ferrè's brand joined the Group.
The Group continued its policy of expansion and in 1991 acquired Hugo Boss, a global leader in high-end men's collections, and the Guabello mill. In 1994, the Group also acquired Lanificio Novà Mosilana in Brno.
In 2000, the Lithuanian manufacturer Liteksas joined the Group and in 2002 the Group acquired Valentino, one of the most noted Italian fashion brands operating mainly in high-end women's clothing and accessories.
In 2004, the Group's turnover came to Euro 1,550 million.
The changing global landscape means that the Group must focus and target its energy and resources to stay ahead of its competitors. As a result, Marzotto spine off its apparel business and decided to concentrate exclusively on its textile business.
In 2008, important companies joined the Group, such as the wool mills Fratelli Tallia di Delfino and Lanificio G.B. Conte, thereby expanding its reach to women through the Estethia – G.B. Conte brand, and a 100% stake in Linificio e Canapificio Nazionale is acquired.