Missoni
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Creative Director and President )Angela Missoni Luca Missoni Livio Proli (CEO) | |
Products | Knitwear, leather, cotton |
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Services | Fashion retail |
Revenue | $135 million (2023) |
Owner | Missoni family |
Number of employees | 300 (2018)[1] |
Divisions |
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Website | www |
Missoni is an Italian luxury fashion house based in
History
Early beginnings
The business was founded in 1953, when Ottavio and Rosita Missoni set up a small knitwear workshop in
Missoni reached the peak of its influence in the fashion world in the early 1970s (though has since been the subject of revivals in interest as new generations of fashion writers discovered the appeal of its core knitwear). Tai Missoni then became more interested in other projects, designing
Second generation
Rosita Missoni lost interest in fashion in the 1990s and was succeeded by her daughter Angela in 1998 while Rosita took over Missoni Home.[3]
In 1996 the Missonis transferred control of the business to their three children:[4] Vittorio Missoni became marketing director; Luca (born 1956) was menswear designer until 2008; Angela (born 1958) was womenswear designer, and took over menswear in 2008 when Luca became responsible for the Archive and Events.[5] By 2005, Missoni earned 60 to 70 per cent of its revenue from womenswear.[6] From 2007 until 2009, Massimo Gasparini briefly served as the company's CEO, setting up a new organizational structure and streamlining its product offer.[7][8]
On 13 September 2011, Missoni made headlines briefly when
Death of Vittorio Missoni
On 4 January 2013 a plane carrying
From 2013, designer Patricia Urquiola was responsible for redesigning the label's stores.[12][13] In February 2014, Angela Missoni hired Rossella Jardini, former creative director of Moschino, as a consultant.[14]
2018 sale
In 2018, the Missoni family sold a 41.2% stake in the company to investment fund Fondo Strategico Italiano (FSI) for €70 million ($82 million),[15][16] putting the family's share at 58.8%. A year later, Angela Missoni announced plans to list the company at the Borsa Italiana within three years.[17]
In 2021, Angela Missoni was succeeded at the helm of the women's line by Alberto Caliri.[18] The following year, Missoni named Filippo Grazioli its new creative director, with Caliri overeeing Missoni Sport and Missoni Home.[19]
Other brands
Missoni Sport
Missoni Sport was first launched in 1985 under the creative direction of Luca Missoni.[20] It was initially licensed out to Malerba, brought in-house in January 2002 and eventually discontinued in 2007.[2][7] It was relaunched in 2022, now produced in-house as a wellness and comfort line, retailing at around 20 per cent less than the signature brand.[19]
Missoni Sport was revived in 2022.[21] In 2023, it launched a capsule collection of tracksuits, cardigans, hoodies and sweatshirts in collaboration with soccer player Mike Maignan.[20]
M Missoni
M Missoni, a less expensive line, was introduced in 1998 and initially manufactured and distributed by Marzotto.[2] Margherita Maccapani Missoni, granddaughter of Rosita Missoni, served as the label's creative director from 1998 until 2021.[22]
In 2012, M Missoni launched its first accessories collection.[23] Missoni later brought the M Missoni line in-house in April 2018, selecting Italian manufacturing company Gilmar SpA as a production partner for the line. This followed the expiration of the licensing agreement with Valentino Fashion Group, which had first been signed in 2005.[24]
By 2019, M Missoni's sales amounted to around 30 million euros.[24] Also in 2019, Margherita Missoni presented her first full collection as the label's creative director.[25] By 2021, M Missoni was discontinued.[19]
Missoni Home
Missoni Home has its roots in furnishing fabrics produced in 1981 in collaboration with Rosita's family firm.[2]
In 2012, Missoni Home launched its cooperation with the 645-unit Acqua Livingstone tower in Manila, as the first residential building in the world for the brand to fully equip.[26]
In 2021, Missoni signed an agreement with Dar Al Arkan Real Estate Development Company to use its Missoni Home line to decorate the apartments and penthouses of the Urban Oasis, a 38-floor waterfront building under construction by the Dubai Canal.[19] As part of Missoni Home, the company launched the Missoni Resort Club project in 2022, customizing the Le Carillon beach club in Paraggi and the One&Only Reethi Rah resort in the Maldives. By 2023, a Missoni Resort Club outpost opened in collaboration with Nikki Beach Costa Smeralda in Porto Cervo.[27]
Hotel Missoni
In November 2005, Missoni and the
Missoni Kids
Missoni operated a licence with Children Worldwide Fashion until early 2000s, when it was brought in-house with a more restricted product offer.[31] In 2022, Missoni signed a multiyear licensing agreement with Italian manufacturing company Simonetta for the development, production and worldwide distribution of the Missoni Kids line, starting from the spring 2023 collection.[31]
Other activities
The company launched its first perfume – manufactured by
In 2011, Target offered Missoni for Target, a limited-edition collection including home goods; accessories; and apparel for women, men, girls, and babies both in stores and online.[34][35][36]
In 2017, Missoni Baia, Missoni's first venture into residential real estate development, broke ground in the Edgewater neighborhood of Miami, Florida.[37] The 249 unit complex will be completed by the end of 2022.[38][19]
In 2018, Missoni and Safilo entered into a five-year global licensing agreement for the production and distribution of prescription eyewear and sunglass collections for both the main label and M Missoni.[39] In 2019, the company signed a global licensing agreement for the design, production and distribution of watches with Timex Group.[40]
Campaigns
Over the years, Missoni has commissioned various notable photographers for its ad campaigns, including Juergen Teller (2010)[41] and Alasdair McLellan (2013).[42]
Sponsoring and philanthropy
In 2017, Jennifer Lopez teamed up with Missoni along with Women's Cancer Research Fund and Saks Fifth Avenue to set a fund raise for cancer research. Lopez helped promote the $35 limited-edition Missoni tees, and the profits went to 12 different cancer charities.[43]
References
- ^ Giulia Segreti and Claudia Cristoferi (June 15, 2018), Cash injection from state-backed fund to fuel Missoni expansion Reuters.
- ^ a b c d e f g h i j k l "Missoni History". Pilaeo Magazine. Retrieved 15 August 2018.
- ^ Suzy Menkes (2 December 2003). "Missoni's family mosaic". International Herald Tribune. London. Archived from the original on 10 February 2007.
- The Biography Channel. Retrieved 25 July 2013.
- ^ "Missoni catwalk show at the V&A". Victoria and Albert Museum. Archived from the original on 29 September 2007. Retrieved 5 August 2007.
- New York Times.
- ^ a b Amanda Kaiser (May 29, 2007), Missoni CEO to Pilot Major Changes Women's Wear Daily.
- ^ Luisa Zargani (November 3, 2009), Gasparini Leaves Missoni Women's Wear Daily.
- ^ Sandra M. Jones (13 September 2011). Target hits it big with Missoni collection: Demand dries up 6-week supply in 1 day. Chicago Tribune. Accessed May 2014.
- ^ Eric Wilson (5 January 2013). "Fashion Boss From Italy Lost in Flight Off Venezuela". The New York Times. Retrieved 18 July 2019.
- ^ "Hallan avioneta desaparecida en enero cuando viajaba Los Roques-Maiquetía". El Universal (in Spanish). 27 June 2013. Retrieved 27 June 2013.
- ^ Alessandra Turra (April 11, 2013), Missoni Unveils New Flagship Concept Women's Wear Daily
- ^ Ali Morris (February 2, 2015), Missoni weaves a bold new design direction into its rue Saint-Honoré Paris store Wallpaper.
- ^ Luisa Zargani (25 February 2014). "Rossella Jardini to Lend a Hand at Missoni". WWD. Retrieved 18 July 2019.
- Wall Street Journal.
- ^ Giulia Segreti (June 15, 2018), Italian state-backed fund to buy 41.2 pct stake of fashion house Missoni Reuters.
- ^ Giulia Segreti (November 15, 2019), Italy's Missoni plans to list on bourse in next three years: paper Reuters.
- ^ Alessandra Turra (July 28, 2021), Missoni Wants You to Live in Colors Women's Wear Daily.
- ^ a b c d e Luisa Zargani (March 17, 2022), Exclusive: Missoni Names Filippo Grazioli New Creative Director Women's Wear Daily.
- ^ a b Luisa Zargani (7 July 2023), Missoni Sport, Mike Maignan Launch Capsule Women's Wear Daily.
- ^ Luke Leitch (17 March 2022), Missoni Changes Its Stripes: Givenchy Alum Filippo Grazioli Is New Creative Director Vogue
- ISSN 0362-4331. Retrieved 31 March 2020.
- ^ Merle Ginsberg (May 29, 2012), M Missoni to Launch First Accessories Line The Hollywood Reporter.
- ^ a b Luisa Zargani (March 18, 2021), CEO Talks: Missoni’s Livio Proli on Reorganization, Freezing M Missoni Line Women's Wear Daily.
- ^ Carola Long (September 20, 2019), Fendi and M Missoni offer feel good clothes Financial Times.
- ^ Merle Ginsberg (26 March 2012), First Residential Building With Interiors By Missoni Opens in the Philippines The Hollywood Reporter.
- ^ Sandra Salibian (14 July 2023), Missoni Takes Over the Nikki Beach Costa Smeralda in Sardinia Women's Wear Daily.
- ^ "Lifetime Achievement Award for Kurt Ritter at European Hospitality Awards 2012". The Rezidor Hotel Group. Retrieved 25 January 2016.[permanent dead link]
- ^ Luisa Zargani ( May 18, 2011), Hotel Missoni Set to Open in Kuwait City Women's Wear Daily.
- ^ Graham Smith (3 March 2014). "Carlson Rezidor and Missoni Tie Up". BusinessTraveler.
- ^ a b Sandra Salibian (9 May 2022), Missoni, Simonetta Sign Childrenswear Licensing Agreement Women's Wear Daily.
- New York Times.
- New York Times.
- ^ Lynden Volpe (7 September 2011), Missoni Visits Target Vanity Fair
- ^ Emanuella Grinberg (13 September 2011), Missoni for Target line creates Black Friday-like demand CNN.
- New York Times.
- New York Times.
- ^ "Edgewater's Missoni Baia condo tower begins its 649-foot climb". Curbed.com. Retrieved 6 October 2018.
- ^ Luisa Zargani (December 19, 2018), Missoni, Safilo Ink Eyewear Licensing Agreement Women's Wear Daily.
- ^ Martino Carrera (December 4, 2019), Missoni Signs Watch License With Timex Women's Wear Daily.
- ^ Carola Long (February 7, 2010), Missoni accomplished The Independent.
- ^ Alessandra Turra (February 6, 2013), Missoni to Mark 60th Anniversary With Campaign Women's Wear Daily.
- ^ "Jennifer Lopez Teams Up With Missoni and Saks Fifth Avenue for Women's Cancer Research Fund". PEOPLE.com. 14 September 2017. Retrieved 4 October 2017.
Further reading
- Sanai, Darius (1 March 2013). "Go Faster Stripes (Interview with Angela Missoni)". LUX Magazine. Archived from the original on 9 January 2018. Retrieved 6 March 2014.