Holding Industriale (Hind), a company that invests in small and medium-sized companies representative of "Made in Italy," has acquired the majority of Beste Spa, a Tuscan company based in Prato that specializes in the production of fabrics and garments aimed at the luxury market.
With this transaction, Hind strengthens its project to enhance Italy's symbolic excellence aimed at creating a vertical, integrated and sustainable supply chain designed to serve the best international luxury brands.
The acquisition of Beste fits into Holding Moda's strategic project, having an essential know-how to the industrial project, sharing the same spirit of Customer service, the drive to innovation and attention to sustainability. With Beste, Holding Moda thus comes to count 13 invested companies, enabling the group to exceed in the current year €300 million in sales and a specialized workforce of 1,500 employees.
Beste was founded by Giovanni Santi in 1992 with the aim of combining tradition and innovation in the production of high-quality cotton fabrics, then supplementing the offering with a division dedicated to high-end sportswear.
In 2022 Beste became a benefit company and launched the "Beredo" division, which deals with the collection and recovery of textile waste, with actions aimed at reinserting it within the fashion production cycle or related sectors (waste regeneration).
Characterized by steady growth, in 2022 Beste recorded a turnover of about €48 million (with a 60% growth over 2021) and consists of a workforce of more than 250 employees, three production sites and two warehouses.
Beste's entrepreneurs, brothers Giovanni and Matteo Santi, will remain at the helm of the company, supported in strategy and business management by Giulio Guasco, CEO of Holding Moda.
"After investing to differentiate and expand our product offerings, today we can boast a complete and integrated offering, from fabrics to apparel, to specialty processing. We renew our commitment to evaluate new opportunities, as well as supporting our portfolio companies through development investments to strengthen the positioning of our Made in Italy pole of excellence," he added.