Missoni consolidates the Missoni Home collection with the acquisition of the operating activities of T&J Vestor
Milan, February 4, 2020 – Missoni, heritage Italian fashion brand has completed the 100% acquisition of T&J Vestor’s operative activities.
Founded in 1921, T&J Vestor operates in the home furnishings and interior design sector, focused primarily on the Missoni Home brand. Vestor holds a solid international presence with showrooms in Milan, Paris, London and New York. Integrating the Vestor company into the Missoni group will allow further growth into both residential commissions and the hospitality sector. The offering will include fully developed collections and a complete product assortment comprising of home linens, fabric wallpapers, carpets, upholstered furniture and complementary accessory pieces.
“In attaining the operating activities of T&J VESTOR to Missoni it will form new opportunities in the world of home design, furnishings and projects by Missoni Home with the aim of promoting the many years of precious collaboration to an international scale” says Alberto Jelmini, CEO of T&J Vestor.
This acquisition aligns with the strategic vision of the group which aims to achieve complete control of the brand’s positioning across all product categories with the ultimate goal to grow the presence and the value of the brand on a global scale.
This investment was made possible by the financial resources available to Missoni through the capital provided by FSI in 2018 earmarked for growth initiatives relevant to the brand.
“The acquisition of T&J Vestor, – founded by the grandfather of my mother Rosita – will allow Missoni Home to offer our clients the opportunity to discover, experience and engage with the Missoni lifestyle, hospitality, and inborn passion for design that has always been part of the Missoni DNA” says Angela Missoni.
About the Missoni Group
One of the most famous Italian luxury brands, Missoni is at the forefront of international fashion since 1953, year in which founders Ottavio and Rosita Missoni created their revolutionary knitwear fashion. Rosita Missoni is now Honorary President of Missoni and Creative Director of Missoni Home.
Since 1997, Angela Missoni, Creative Director and President, has been at the helm of the Missoni.
Today the Missoni Group generates a total turnover of over 150 million euros and exports 75% of its production to foreign markets. Based in Sumirago (Varese) the group employs approximately 400 people, with a 58.8% ownership by the Missoni family and 41.2% by the FSI fund.