Fila was created in Biella, Piedmont, by the Fila brothers in 1911.
It originally started by making clothing for the people of the Italian Alps,
now manufacturing sportswear for men, women, kids and athletes.
The company's primary product was originally underwear, before moving
into sportswear in the 1970s, initially with the endorsement of tennis player Björn Borg.
The brand got more popular after moving into sportswear.
The original Italian ownership shop Holding di Partecipazioni sold the company to
US hedge fund Cerberus Capital Management in 2003, after the company over-committed
itself to expensive athletic endorsements, at a time when margins were under pressure.
Cerberus owned Fila through holding company Sports Brands International, which owned
and operated all Fila businesses around the world with the exception of Fila Korea,
which was a separate company operating the brand under licence. In January 2007,
the global Fila brand and all its international subsidiaries were acquired by Fila Korea
from SBI, which made it the largest South Korean sportswear company. Fila Korea currently
holds all of the rights to the worldwide use of footwear and apparel brands of the parent firm.
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