Sella has joined MagnoLab, a network of 26 industrial companies from the Biella district committed to developing concrete solutions in research, innovation and circular economy across the entire textile supply chain, with the goal of supporting and strengthening the competitiveness of businesses in both Italian and international markets.
The Group’s entry marks a significant step in MagnoLab’s journey towards embracing impact-driven innovation as an enabling force for industrial competitiveness — one capable of combining process efficiency, sustainability and long-term growth.
MagnoLab is a business network active since 2022, unique at European level thanks to a physical industrial platform consisting of pilot plants, all concentrated at a single site in Cerrione (Biella). The facility replicates every link in the textile supply chain — from fibre preparation to spinning, weaving, dyeing and finishing — and enables rapid experimentation cycles that are directly transferable to industrial scale.
According to a recent study by Confindustria Moda, the turnover of the Made in Italy textile sector in 2025 is projected at approximately €18.2 billion. Additional analyses further indicate that investment in innovation stands at around 6%, equivalent to approximately one billion euros.
Sella’s joining of MagnoLab stems from a shared objective: to bring new impact innovation expertise in support of textile companies, helping them to interpret ongoing changes, strengthening their competitiveness and their capacity to adapt effectively to evolving demand. Within this context, Sella will play an active role in the district’s initiatives, participating in the Innovation Committee and collaborating on project development with network companies.
Through Sella’s membership, MagnoLab strengthens and broadens its mission of promoting innovation via a systemic approach — starting from the production supply chain and engaging strategic, complementary partners — in order to unlock new growth opportunities.
“This partnership is of particular strategic importance because, for the first time, a banking group is joining the MagnoLab network. It is a choice consistent with our approach to innovation, grounded in openness, concreteness and measurability. Direct engagement with a sector of excellence such as textiles allows us to bring together industrial, technological, financial and impact expertise, supporting companies along a structured growth journey,” comments Stefano Azzalin, Head of Innovation at Gruppo Sella.
“Sella’s entry into MagnoLab is a deeply meaningful moment for us. The expertise and vision that Sella brings to the network extend well beyond the financial sphere, broadening our collective capacity to tackle the challenges facing the sector. MagnoLab was born from a shared awareness of an urgent and concrete need for innovation in Italian textiles: that was the spark that brought the founding companies together, and it remains our most authentic bond. It is on the basis of these values that we are delighted to embark on new and exciting paths alongside Sella,” declares Giovanni Marchi, President of MagnoLab.