• Home
  • News
  • Business
  • Zegna family increases stake in luxury fashion group Ermenegildo Zegna

Zegna family increases stake in luxury fashion group Ermenegildo Zegna

By Susan Zijp

loading...

Scroll down to read more
Business
Gildo Zegna, president and executive director of the Ermenegildo Zegna Group. Credits: Grupo Ermenegildo Zegna.

Monterubello, the holding company of the Zegna family, is increasing its stake in luxury fashion company Ermenegildo Zegna Group, the parent company of the brands Thom Browne, Tom Ford Fashion and Zegna, the news website Reuters reported.

The Monterubello firm, owned by the Zegna family, bought 913,000 shares of Zegna on November 11, representing 0.36 percent of the company. Monterubello already owns 60 percent of Zegna and now wants to buy an additional two million shares, which is 0.79 percent of the company.

Gildo Zegna, CEO and chairman of Monterubello, underlined: "We see this as a strong investment." The family, Reuters reported, believes that the current market value of the group does not reflect its full potential. The market capitalisation of Ermenegildo Zegna currently stands at around 1.7 billion euros.

This article originally appeared on FashionUnited.NL. It was translated to English using an AI tool called Genesis and edited by Rachel Douglass..

FashionUnited uses AI language tools to speed up translating (news) articles and proofread the translations to improve the end result. This saves our human journalists time they can spend doing research and writing original articles. Articles translated with the help of AI are checked and edited by a human desk editor prior to going online. If you have questions or comments about this process email us at info@fashionunited.com

Ermenegildo Zegna
Executive Report
Zegna