Legami invests in retail. Revenues doubled

Everything in Legami's headquarters in Azzano San Paolo, in the province of Bergamo, is reminiscent of a start-up: the industrial design of the spaces, with lots of wood and metal combined, the cosy sofas where the 220 employees (mostly women and with an average age of 32) can relax during their breaks, the table football in the canteen, where an enormous neon sign stands out: 'We are dreamers'. Or rather, visionaries, that is, dreamers yes, but with a very clear idea of the identity of the company and its growth path. Like Alberto Fassi, the founder of this company, which has all the characteristics of a start-up, including growth rates, despite having a 20-year history behind it.

Founded in 2003, today Legami is a gift and stationery brand that designs over 5,000 products, divided into 17 product areas, from stationery to home accessories, from games to technology, from travel to beauty, and much more. After the record results of 2024 - with revenues of 245 million euro, up 73%, a net profit of over 28 million and an Ebitda margin of over 50 million compared to 7 million in 2023 - in the fiscal year 2025 (which closes in March 2026) it estimates to reach 300 million euro in revenues, more than double the 142 million in 2023 and more than triple the 76 million in 2022. The number of staff has also increased rapidly and today the company has around 1,400 employees, more than 200 of whom work in the Bergamo headquarters, where Legami products are designed, and the rest in the sales network, which now has 146 single-brand boutiques (they will rise to 180 by the end of the year), in Italy, France and Spain, as well as 600 corner shops and 10,000 authorised retailers in 70 countries.

This growth is also supported by the entry of DeA Capital (through the Flexible Capital Fund), which holds 42% of the company's capital in 2023. The majority stake of 54% remains with Alberto Fassi, while managing director Massimo Dell'Acqua and board chairman Giuseppe Soda each hold 2%.

"We have grown, but we remain attached to the original idea of an innovative and dynamic reality, attentive to the values of creativity, positivity, and respect for people and the planet," explains Alberto Fassi. "We continue to believe that every product, every colour, and every project can be a way to inspire change, with the same enthusiasm and curiosity that have guided us from day one. And Legami has always looked abroad as a natural outlet for its products, through the wholesale, retail and digital channels: "Today, 52% of turnover is realised beyond national borders," explains Dell'Acqua, "37% in France, Spain, Germany and the United Kingdom, 15% in the rest of the world. We are working to expand our single-brand network to other central European countries as well".

Since 2023, Legami has also been a benefit company, says Natascia Ghilardi, the company's sustainability manager, who reinvests 5% of profits in social and environmental protection projects. But first and foremost it invests in the wellbeing of its employees: in Azzano San Paolo, work is in progress to complete two new warehouses, which will also house a company crèche and nursery.