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Endpoint: Corneliani



06:43
Videos (15)
created on: 23/01/2023
by: bob (9184)
 
 

Brand properties

General info :
Corneliani is a brand name used by Corneliani SpA, an Italian menswear manufacturer best known for its suits and sportcoats.
The company distributes its products in over 70 countries worldwide through multi-brand stores and around 90 single-brand boutiques; Corneliani also manufactures and delivers made-to-measure suits worldwide. Its revenue in 2017 was €110 million. Corneliani has been 55%-owned by Investcorp since 2016.

The family-owned firm stretches back to the 1930s when Alfredo Corneliani, set up a craft business making raincoats and coats, which was then put on hold due to the outbreak of World War II.

Alfredo's sons Claudio and Carlalberto later set up Corneliani SpA in Mantua in 1958.
In 1985 the company set up Corneliani USA, Inc. in New York to distribute its ranges throughout the US and Canada. In 1997 Corneliani opened its flagship store in Via Montenapoleone, in Milan. In 2005 Corneliani received the Leonardo Prize for Quality, awarded by the President of Italy to Italian companies which promote Italian-made goods.
In 2008 Corneliani opened a mono-brand boutique on London’s New Bond Street.
In 2012 Corneliani Shanghai Ltd. was founded and in 2013 a directly-owned flagship store in Shanghai was opened.
Today, Corneliani employs 600 tailors, seamstresses and pattern makers in Mantua, which is still where its core products are made.

In 2014, Bill de Blasio gave his inaugural speech as mayor of New York in a Corneliani suit, and the tenor Andrea Bocelli got married in Corneliani suit.

In June 2016, the Bahrain-based investment group Investcorp acquired a 55% stake in Corneliani from the company's family members for $50 million, valuing the company around $100 million. Following this purchase, Carlalberto Corneliani stepped down as CEO of the company.
In November 2018, Luigi Ferrando replaced Paolo Roviera as CEO of the company. In December 2019, Giorgio Brandazza was appointed CEO of Corneliani.

In January 2021, after the coronavirus pandemic negatively affected the company's sales, the Italian Ministry for Economic Development allowed it to keep running until April 15 until a new investor would be found.
The Corneliani family still holds 20% of the company.
Relations :
Brand name used by [1958 -] : Corneliani SpA
This endpoint is new to the database, please check he (it) is not in with a similar endpoint name association (and use the ENA function if necessary).
Brand name used by [2012 -] : Corneliani Shanghai Ltd.
This endpoint is new to the database, please check he (it) is not in with a similar endpoint name association (and use the ENA function if necessary).
Brand name used by [1985 -] : Corneliani USA, Inc.
This endpoint is new to the database, please check he (it) is not in with a similar endpoint name association (and use the ENA function if necessary).
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Item number : 54569

Submitted by : bob (9184)
on : 23/01/2023