What Coronet does

Coronet S.p.A. is an Italian manufacturer of polyurethane-coated synthetic leather and technical coated materials, founded in 1967 by Enrico De Marco and headquartered in Corsico (Milan). It sells B2B into footwear (its founding market since 1967, via lining brand Delikatesse and upper materials Cantadora/Premiere), leather goods and accessories, apparel, automotive interiors, bookbinding (Corona line), labels, and — following the 2024 Mabel acquisition — the medical sector. Customers are enterprise fashion and footwear brands including Golden Goose, Stella McCartney, Clarks, Coach, and Nine West, served through direct field sales that follow brands to their Asian manufacturing bases.

Technically, the company centers on PU coating and coagulation processes, and has pivoted heavily toward sustainable materials: BioVeg (recycled PET plus corn-derived bio-polyols, up to 81% biomass, USDA/FSC/GRS/LCA certified), the H2O water-based solvent-free line, Uppeal (bio-based material from apple pomace and bamboo waste, LCA-verified by the University of Milan), and the Yatay platform — co-developed with Golden Goose at the Yatay Lab (Erba, 2023) and spanning mycelium-based (Yatay M), solvent-free, bio-based, recycled, water-based, and circular families. Coronet holds a self-patented solvent-free manufacturing process and operates with 99% solvent recovery and ~80% self-generated solar energy. Manufacturing spans 8 sites (6 in Italy plus wholly-owned entities in Huizhou, China and Ben Tre, Vietnam), 8 coating and 4 coagulation lines, and 5 R&D centres.

Revenue is entirely B2B, generated through direct sales of coated materials priced via negotiated multi-year contracts (volume, specification, and customization based); no public price list exists and no digital/API surface is present. The go-to-market combines enterprise field sales, trade fairs (Lineapelle, Techtextil, Jitac), and sustainability/CSR communications. Ownership is family-controlled — Umberto De Marco (President, 19%), Enrico De Marco (Honorary President, 1%), and Alteria S.r.l. (80%) — with Jarno Tagliarini as Managing Director/CEO, and no external PE/VC on the cap table.

Name

Coronet

Legal name

Coronet S.p.A.

Website

https://coronetspa.it

Company type

Private

Founded year

1967

Operating status

Operating

Headcount range

101–250 employees

Short description

Italian manufacturer of polyurethane-coated synthetic leather and sustainable bio-based materials, selling B2B to fashion, footwear, leather-goods, automotive, and medical customers — including Golden Goose, Stella McCartney, Clarks, and Coach — across Italy, China, and Vietnam.

Ownership category

akta.pro rank

Product category

Synthetic Leather Materials

NAICS

Leather and Allied Product Manufacturing (316), Other Leather and Allied Product Manufacturing (31699)

SIC

Leather & Leather Products (3100), Plastic Materials, Synth Resins & Nonvulcan Elastomers (2821)

akta.pro primary industry

Vegan/Alternative Material Goods Manufacturing (PU/Plant-based/Mycelium) (IMAOAHAH)

akta.pro secondary industries

Leather, Suede & Alternatives (PU/Bio-based) (CRAAAMAG), Textile, Leather & Paper Specialty Chemicals (IMAEABAM)

Keywords

• Synthetic leather materials
• Polyurethane coating
• Bio-based leather alternatives
• Technical textiles footwear
• Sustainable fashion materials

Headquarters

HQ city

Milano

HQ country

Italy

HQ region

Europe

Offices7 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Personnel, Supply Chain, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Synthetic Leather Materials B2B Sales: Sale of polyurethane-coated synthetic leather materials to fashion brands, footwear manufacturers, leather goods companies, automotive suppliers, and other industrial customers. Revenue generated through direct B2B relationships with major brands and contract manufacturing.
2. Specialty Materials: Sale of eco-friendly specialty lines including BioVeg, Yatay, H2O, and Uppeal product families to premium fashion clients seeking sustainable alternatives.
3. Technical Performance Materials: Sale of performance materials for sports footwear, anti-injury safety footwear, and technical applications through the Innovaction product line.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels8 records

Core offering

Coronet manufactures polyurethane-coated synthetic leather and technical materials for the footwear, leather goods, apparel, automotive, bookbinding, furniture, and medical sectors. Its product portfolio spans traditional synthetic leather plus a family of sustainable lines (BioVeg, H2O, Yatay, Uppeal, Veg, Freska) that incorporate bio-polyols, water-based resins, mycelium, and recycled content. Materials are sold B2B to fashion brands, footwear and leather goods manufacturers, and industrial customers.

Product overview

Coronet is a manufacturer of synthetic leather and technical materials for footwear, leather goods, clothing, automotive, furniture, bookbinding, labels, and orthopedic sectors. The company operates a multi-line portfolio including Yatay (sustainable materials platform with Golden Goose partnership), BioVeg (eco-friendly up to 81% biomass), H2O (water-based), Uppeal™ (bio-based from agricultural waste), and fashion-oriented Maison and technical Innovaction lines. Founded in 1967, the company has expanded globally with facilities in Italy, China, and Vietnam, and acquired Synt3 (2022) and Mabel SRL (2024).

Differentiator

Problem solved

Functional benefit

Products and services

• Yatay Line Sustainable materials platform co-developed with Golden Goose, featuring multiple families (M, Z, B, R, W, C) offering mycelium-based, solvent-free, bio-based, recycled, water-based, and circular material solutions for fashion, footwear, automotive, and upholstery applications.
• BioVeg Eco-friendly product line made with recycled polyester from plastic bottles and bio polyols from non-food, GMO-free corn crops. Contains up to 81% biomass, can be finished with any grain, and is LCA-certified with up to 87% reduction in global warming impact.
• H2O Line Materials produced using innovative water-based resins without chemical solvents. Low environmental impact, breathable, soft, durable, waterproof, and easy to clean; suited for footwear and clothing applications.
• Maison Line Fashion-oriented line offering two collections per year (Spring/Summer and Autumn/Winter) developed by Coronet's style department to track latest fashion trends, supplying upper materials for bags, shoes, and accessories.
• Innovaction Line Technical sports and safety footwear collection combining Coronet's technical expertise with fashionable products. Features breathable, water-resistant synthetic leathers with international quality certifications (S1, S2).
• Uppeal™ Bio-based leather alternative developed in Italy using upcycled agricultural waste (apple pomace and bamboo). High-performance material for fashion, automotive, furniture, and packaging applications, with measurable environmental impact reductions validated by University of Milan LCA.
• Delikatesse Breathable, antibacterial lining material that established Coronet's worldwide reputation for quality, used in footwear linings and orthopedic insole coatings.
• Cantadora Upper materials designed for producing handbags and shoe uppers, part of Coronet's fashion division innovations.
• Premiere Stretch materials for fashion applications, allowing flexibility in clothing and footwear design.
• Corona Bookbinding sector product line featuring a wide variety of grains, prints, colors, and finishes for technical and stylistic solutions, sourced through acquired Synt3 operations.
• Freska Certified vegan lining made with vegetable-origin materials (corn and cereals); minimal residual solvent levels, PETA-certified, high breathability and absorbency.
• Ecologika First solvent-free breathable lining launched in 2012, marking Coronet's entry into sustainable product offerings.
• Veg Line Sustainable product line providing finishes with bio-polyurethane and moderate renewable content (30%); uses up to 1,200 recycled bottles per 100 linear meters of Prm Bioveg.
• Furnishing and Contract Line New collection dedicated to residential furnishing and contract sectors, featuring Italian aesthetics, technological innovation, and sustainability with bio-based and recycled raw materials; previewed at Techtextil Frankfurt, April 21-24, 2026.

Quantifiable outcome

• 87% reduction in global warming impact compared to standard materials (BioVeg LCA)
• +8 more outcomes

Named customers5 records

Segments8 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Four partnerships are on record, tiered flagship, core and supporting.

• Golden GooseflagshipStrategic or Co-development Partner · 22 April 2022Strategic co-action platform partnership for sustainable fashion innovation. Golden Goose and Coronet collaborate on Yatay Lab, a joint innovation hub for sustainable materials. First result was Yatay B bio-based material leading to YATAY Model 1B sneaker. Partnership includes shared sustainability goals and joint R&D investment.
• CitribelcoreTechnology or IntegrationTechnology partnership for MycaNova mycelium production. Citribel provides the mycelium species that thrives on sugary molasses, producing citric acid as main product and mycelium as by-product for Yatay M materials.
• Forever BamboocoreTechnology or IntegrationItalian partner providing bamboo agricultural waste for Uppeal materials. Bamboo cultivation waste is processed into bio-based powder as foundation for Uppeal sustainable leather alternative.
• University of MilansupportingStrategic or Co-development PartnerIndependent Life Cycle Assessment (LCA) conducted by University of Milan to verify environmental performance of Uppeal materials, confirming reduced water consumption, energy use, and environmental footprint.

Scale indicators15 records

Recent moves12 records

Expansion highlights6 records

Direct peers

• Teijin Frontier (Cordley / Maestley): Teijin Frontier produces Cordley and Maestley PU-coated synthetic leather for sports footwear (Asics, Mizuno) and automotive applications — directly comparable to Coronet's Innovaction technical footwear line and automotive interior materials.
• Mayur Uniquoters: Indian PU synthetic leather manufacturer serving automotive (top OEM Tier-1), footwear and furnishing — same PU coated fabric technology, comparable automotive/footwear end-markets to Coronet, though with lower sustainability positioning.
• Alcantara S.p.A. Italian luxury synthetic microfiber suede manufacturer serving fashion, automotive (interior trims) and interior design — same Italian production base as Coronet, same luxury customer base (Coach, Stella McCartney equivalents), directly competing in premium synthetic materials.
• Toray Industries (Ultrasuede): Toray's Ultrasuede and Entrant brands produce ultrafine fiber synthetic suede/leather for automotive interiors, fashion and footwear — directly competing with Coronet's PU microfiber products in luxury and automotive segments.
• Asahi Kasei (Lamous): Asahi Kasei's Lamous and Dinamica-branded synthetic leather lines serve automotive interiors (Tesla, premium OEMs) and fashion — directly comparable to Coronet's polyurethane coating technology and automotive customer segment.
• Kuraray (Clarino): Kuraray's Clarino is a global leader in polyurethane-based synthetic leather (microfiber non-woven), serving footwear, apparel, automotive interiors and fashion — directly comparable to Coronet's PU coated synthetic leather across the same customer base.

Emerging players

• Desserto (Adriano Di Marti): Mexican cactus-based bio-leather alternative targeting fashion and footwear brands (often mentioned alongside Yatay/Uppeal) — overlapping with Coronet's bio-based materials strategy but a much smaller emerging player focused on plant-based natural alternatives.
• Bolt Threads (Mylo): US-based biotech producing Mylo mycelium leather (partnered with Stella McCartney, Adidas, Lululemon) — competing directly with Coronet's Yatay M mycelium line in the next-gen bio-leather category serving the same luxury and footwear brands.
• Modern Meadow: US biotech producing Bio-Alloy and lab-grown bio-leather materials for fashion and automotive — emerging direct competitor to Coronet's bio-based Yatay and Uppeal product lines in the alternative leather category.
• HR Polyurethettes / HR Group: India-based PU synthetic leather manufacturer serving footwear and furnishing — comparable PU coating technology to Coronet, focused on Indian and emerging market footwear customers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/coronet.spa
• LinkedInlinkedin.com/company/coronet-spa
• Instagraminstagram.com/coronet.spa

Compliance11 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Coronet