Stone Island
From Wikipedia, the free encyclopedia
 | |
| Company type | Società per azioni |
|---|---|
| Industry | Fashion |
| Founded | 1982 in Ravarino, Italy |
| Founder | Massimo Osti |
| Headquarters | Milano, Italy |
Key people | Robert Triefus (CEO) |
| Revenue | €401 million (2022)[1] |
| Parent | Moncler |
| Website | Stone Island |
Stone Island is an Italian luxury fashion house specialised in men's apparel, outerwear, and accessories headquartered in Ravarino, Emilia-Romagna. Its core branding includes a nautical star and compass, both of which is printed or overlaid atop a button-on cloth badge with green, yellow, and black detailing.
Founded in 1982 by Massimo Osti, the brand became popular during the 1980s and 1990s in Europe during the football casual scene and during the 2010s, in the U.S. and Canada. Stone Island uses trademark reflective fabric, dyeing compounds, and surface treatments to produce garments. It was acquired by Italian fashion house Moncler in 2020 for €1.15 billion.[2][3]
The brand specializes in high-end technical streetwear that fuses military, nautical, and sportswear influences, defined by innovative textile engineering and a rugged, functional aesthetic. It is seen as a global staple of youth subculture as characterized by Italian Paninaro, English football casuals, British, American, and Canadian hip hop culture, as well as world-wide streetwear.[4][5]
Designer Massimo Osti founded Stone Island in 1982, in Ravarino, Italy. He founded the brand to complement his flagship label, C.P. Company, which he started in 1971.[6] Osti sold 50% of Stone Island to GFT (Gruppo Finanziario Tessile) in 1983, before selling the remaining half to GFT in 1991. He left the company in 1994 and was succeeded by Paul Harvey as head designer from 1996 to 2008. GFT sold Stone Island in 1993 to Italian businessman Carlo Rivetti, who combined the label with C.P. Company Sportswear Company SpA.[7] Stone Island rapidly became popular during the 1990s in Europe and Japan, and during the 2010s, in the U.S. and Canada.[8]
Simon Le Bon of Duran Duran is seen in photographs wearing Stone Island in 1983 and 1984 on their Sing Blue Silver World Tour.
In 2017, Singaporean sovereign wealth fund Temasek Holdings bought out a 30% stake in Stone Island valued at €345 million.[9][10] This stake was acquired in February 2021 by Italian fashion house Moncler, which had already bought Stone Island's remaining 70% stake for €1.15 billion in December of the previous year.[11][2][12] Throughout the 2010s and 2020s, Stone Island has collaborated with several design companies such as Supreme, Dior, Nike, Adidas, and New Balance, among others.[13]
