Italian luxury ready-to-wear and knitwear label Fabiana Filippi, founded in 1985, has made a major change to its shareholding structure. The family of Giacomo Filippi Coccetta, Fabiana Filippi's co-founder and president, has sold its entire stake in the label to Ventisettetredici S.r.l., a company owned by the family of Giacomo's brother Mario, the label's CEO and co-founder.

“The operation is part of the company’s evolution process. The company's strategic and operational activities will continue to develop in line with the current business plan,” said Fabiana Filippi in a press release, adding that “the decision is the result of a shared evaluation and a desire to ensure greater stability to the ownership structure in the medium to long term.”

In the press release, Mario Filippi Coccet

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