Fila is an Italian sporting goods company founded in 1911 in Biella, Italy subisidiary of Fila Korea since 2007.The Italian company passed through ownerships and eventually got purchased by Yoon Yoon-su, commonly known in English as Gene Yoon, in 2007, and is now owned and operated from South Korea. Headed by chairman and CEO Diallo, Fila has offices in 11 countries globally.
Fila was created in Biella, Piedmont by Giansevero Fila in 1911. It originally started by making clothing for the people of the Italian Alps, now manufacturing sportswear for men, women, children 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 became 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. In 2009, ANTA Sports acquired the rights to the brand in China, Hong Kong and Macao from then Fila company's Chinese joint venture partner Belle International, Fila Korea still owned 15% shares of the joint venture company "Full Prospect".