Design

Legami increases revenues to over 380 million and invests in sustainability

The Bergamo-based company closes the fiscal year above expectations. The Dreamland biodiversity project turns three and increases the surface area tenfold

by Giovanna Mancini

Il fondatore e ceo di Legamo, Alberto Fassi, a Dreamland

4' min read

Translated by AI
Versione italiana

4' min read

Translated by AI
Versione italiana

It is not a question of obligation or opportunity, but of vision. A matter 'of the heart', says Massimo Dell'Acqua, managing director of Legami, referring to the willingness of the founder and ceo of the Bergamo-based company, Alberto Fassi, to invest much more in social and environmental projects than is required of a benefit company (i.e. 5% of revenues): almost 10% of turnover.

Dreamland, a 30-hectare nature reserve

The jewel in the crown of this vision is Dreamland, the protected nature park adjacent to the company's headquarters in Azzano San Paolo: established in 2023, it now extends over more than 30 hectares, a tenfold increase over the original surface area, and is already registering significant results in terms of enhancing the territory, with the presence of flowers, nectar and pollinating insects increasing by more than 15 times in the first year alone.

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"Dreamland represents our contribution to having a positive impact on the environment and society," explains Alberto Fassi. "It is an area that is deliberately not accessible to the public, designed to allow flora and fauna to evolve according to their natural rhythms, reducing human intervention to a minimum, convinced that where man takes a step backwards, nature takes a leap forwards. Today it is a constantly evolving reality: our goal is to continue to grow this project over time and create the largest urban nature reserve dedicated to biodiversity". Two years ago, the company invested EUR 1.5 million in Dreamland; by 2025, the investment had risen to almost EUR 3 million. A concrete focus, therefore, not only in terms of values but also economically.

Over-expected revenues in 2025

The company is also growing fast, maintaining a start-up pace despite its 23 years in business. Yesterday, during Dreamland's three-year anniversary celebrations, Legami's results for the fiscal year 2025 (closed in March) were presented, along with the park's development plans. After the record results of 2024, with an increase of 73 per cent that had brought revenues to 245 million euros, 2025 also did not disappoint the expectations of the ownership, it even exceeded them. "We had set ourselves the target of reaching 300 million in revenues and instead we arrived at around EUR 383 million, with over EUR 80 million in Ebitda," explains Dell'Acqua, pointing out that the official figures will be approved in the coming weeks by the board of directors.

And for the next 12 months, too, the goals are ambitious, supported moreover by the new governance outlined last November, when De Agostini took over 42% of Legami, acquiring the entire stake held by Flexible Capital Fund (a fund managed by DeA Capital Alternative Funds Sgr) and thus becoming the second largest shareholder - after Fassi - of the group specialising in stationery, gift items and lifestyle accessories.

Distributive channels

"The entry of an industrial partner has given our company a long-term perspective that further strengthens our development plans," notes Dell'Acqua. Legami has continued and will continue to grow robustly across its three distribution channels: digital, wholesale and retail. In the past year, new online sites have been opened, with a multilingual platform followed by landing in new countries. As far as wholesale distribution is concerned, the markets in which the company is already present - in particular France, Germany, Spain and the United Kingdom - have been consolidated, while development in the United States is proceeding somewhat more slowly than planned, due to tariffs. 'It is not so much the impact of tariffs as the difficulty in determining the right price positioning in that market in this situation of instability and uncertainty,' says the managing director

Finally, the retail channel: to date there are 184 single-brand shops, in Italia, France and Spain (to which are added corners and shop-in-shops in more than 70 countries, with more than 50% of revenues generated abroad), but 'the objective is to open another 80-90 in the next 12 months, concentrating mainly on Italia and France,' adds Dell'Acqua. France, in particular, will be the first country in terms of the number of new storefronts, while Spain will see development, but less intense. The big news, however, is the arrival of the first single-brand boutique also in Germany, between September and December.

The Future of Dreamland

As for Dreamland, just yesterday The Green Kilometre was inaugurated, a one-kilometre linear intervention consisting of repeated forest modules and comprising 1,550 trees and shrubs, designed to contribute to local biodiversity, foster ecological connectivity, improve air quality in a heavily populated place, and to create a green barrier between the motorway and the Dreamland area.

The development plan also envisages a series of integrated actions, including the creation of a tree-climber school with a nature classroom for teaching purposes, the establishment of agroforestry systems combining cereal crops with around 400 fruit trees of old varieties, and the planting of a woodland scrub consisting of around 500 trees.

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