MILAN — Giorgio Armani SpA and Fondazione del Tessile Italiano are investing in YHub, a number one group in options and applied sciences for traceability and sustainable transition within the vogue and luxurious trade.
They be part of the likes of Brunello Cucinelli via his holding firm Foro dell Arti; Matteo Marzotto, president of MinervaHub; Federico Marchetti, chairman of The Sustainable Markets Initiative’s Vogue Job Power via property holding Mavis; Claudio Rovere, founder and CEO of Holding Industriale SpA, and enterprise funds managed by the worldwide funding financial institution LionTree, which backed YHub in June final yr.
Working underneath the one model Ympact, YHub at present helps greater than 3,000 corporations in tracing provide chains and measuring the environmental and social impacts of manufacturing. It collaborates with greater than 50 world manufacturers, and maps greater than 80,000 suppliers throughout 22 nations.
“We’re happy to hitch the YHub Group and to contribute to the event of revolutionary options for traceability and sustainability in vogue — goals which can be important and achievable solely via shut cooperation between manufacturers and the manufacturing provide chain,” mentioned Andrea Camerana, board member of the Armani group.
Simone Canclini, president of Fondazione del Tessile Italiano, which was established in 1998 and works to advertise the Italian textile sector, mentioned that becoming a member of YHub “represents a strategic alternative for us to help the transformation path that corporations should undertake, fostering the sort of dialogue with manufacturers that results in shared initiatives and coordinated investments.”
Monetary particulars weren’t disclosed.
By integrating experience, methodology and know-how, YHub permits corporations within the sector to satisfy rising market calls for and evolving sustainability rules.
The founding companions — Francesca Rulli, Massimo Brandellero and Cristian Iobbi — retain majority management of the corporate. Common supervisor Matteo De Angelis has additionally joined the shareholding construction.
In a press release, the founding companions collectively mentioned “the expertise and standing of our new companions, alongside those that joined us in 2024, will probably be instrumental in strengthening our capability to help manufacturers and the availability chain and in amplifying the constructive influence we’re producing throughout the sector.”
YHub contains Course of Manufacturing unit, a consulting agency that developed the trademarked 4sustainability system to enhance sustainability efficiency and validate knowledge; The ID Manufacturing unit, a B Corp specializing in digital options for materials, course of, and product traceability; and Ympact, a platform for influence knowledge administration and large-scale utility of 4sustainability.
