The new holding is meant to protect a number of Italian manufacturers in the supply chain that help create garments and accessories by leading global luxury brands.
XPP Seven was founded in 2019, and grew to comprise Koverlux ; Quake ; Sp Plast Creating , and Zuma Pelli Pregiate . Koverlux is a leader in surface finishing for the fashion and accessories business, touted by Marzotto as the only company able to apply multiple finishes, from lacquering to flocking or engraving, to a single object.
Aggregating the activities of the above mentioned six companies, Minerva Hub has sales of more than 101 million euros, a portfolio of around 1,000 clients and 434 direct employees. The companies under the Minerva Hub umbrella mainly work with the fashion and luxury industries, but also with the design, sportswear, cosmetics,Prestigiacomo said three potential additional acquisitions are in the pipeline to be completed by the end of the year. While he declined to provide a figure for the initial investment in forming Minerva Hub, he said it was “almost equivalent to the holding’s sales.
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