Zegna news and archive

Zegna Group profits widen, revenue up 23.9 percent

Thom Browne parent Zegna Group saw its profits more than double in the first half of the year. The group made a profit of 52.1 million euros in the six months ended June 30, up from 21 million euros the prior year. That came as revenue jumped 23.9 percent to 903.1 million euros, with the group citing an “outstanding” performance in the US and...

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Prada and Zegna acquire minority stake in Luigi Fedeli e Figlio

Italian fashion groups Prada and Ermenegildo Zegna have acquired a minority stake in knitwear company Luigi Fedeli e Figlio as a strategic investment to secure Italian excellence in fine yarns. In a statement, Prada and Zegna confirmed they will each acquire a 15 percent stake in the Italian knitwear company, while Luigi Fedeli, the current...

BusinessFeatured

Zegna Group posts sales growth across brands and markets

Ermenegildo Zegna N.V., owner of the Zegna and Thom Browne brands, announced unaudited revenues of 428.3 million euros for the first quarter, an increase of 13.4 percent and 13.1 percent at constant currency. Excluding the impact from Tom Ford products, revenues were up 19.1 percent and up 18.9 percent at constant currency. Commenting on the...

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Zegna Group swings to FY profit despite China impact

Thom Browne parent company Zegna Group swung to a profit in the year to December 31 despite restrictions in its China market hitting the business in the second and fourth quarter. The company swung to a profit of 65.3 million euros in the year from a loss of 127.7 million euros a year earlier, while its adjusted EBIT increased to 157.7 million...

Fashion

Zegna launches customisation tool to enhance customer experience

Italian menswear brand Zegna is looking to rewrite the consumer luxury experience with the launch of its Zegna X digital customisation tool. Zegna has been developing its digital personalisation technology Zegna X for two years to “bridge the gap between physical stores and digital channels” to allow its style advisors to serve customers on a...

Business

Zegna communications director to step down

PR and communications director of the Zegna Group Domenico Galluccio has announced his intention to step down from the company to pursue a new opportunity. The news was revealed via an internal memo by the group’s chief marketing and sustainability officer Edoardo Zegna, which was acquired by FashionUnited. Galluccio will be departing from...

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Zegna Group Q1 revenue up 25 percent, reaffirms FY outlook

Thom Browne parent company Zegna Group has reaffirmed its outlook for fiscal year 2022 after reporting revenue growth across geographies in the first quarter. The NYSE-listed group reported unaudited Q1 revenue of 377.6 million euros, an increase of 25.4 percent from a year earlier as it continued its focus on luxury leisurewear. Revenue at the...

BusinessFeatured

Zegna Group 2021 sales boosted by US and China

Thom Browne parent company Zegna Group saw an increase in full-year sales in 2021 boosted by “significant growth” in the US and China. The Italian luxury group, which late last year floated on the New York Stock Exchange, said sales increased to 1.29 billion euros in 2021, a 27 percent increase from the prior year, but still 2 percent below...

Video

Video: Zegna at Milan Men's Fashion Week

In this video, Italian luxury fashion house Zegna has presented its FW22 collection at Milan Men's Fashion Week (MFW). Watch the video below. Video: FF Channel via YouTube Photo credit: Zegna, Facebook

Business

Zegna sees successful first day on NYSE

Zegna had a stupendous opening day on the NYSE. Shares began trading under the ticker ZGN just after 9:30 a.m. at 10 dollars and 30 cents and closed up 4.2 percent to 10.74 cents after a 9.9 percent jump earlier that same day, with shares reaching 11 dollars and 32 cents. At the time of this story, Zegna is trading at 12 dollars and 5 cents per...

Business

Zegna set to list on New York Stock Exchange following business combination

Italian luxury group Ermenegildo Zegna has announced the completion of its business combination with Investinustrail Acquisition Corp., a special purpose acquisition corporation sponsored by investment subsidiaries from Investindustrail. The newly combined company is further expected to commence trading on the New York Stock Exchange under the...

Business

Zegna already attracting investors ahead of IPO

WWD has reported that Zegna is already attracting investors ahead of its planned IPO for later this month. The company issued a joint statement with Investindustrial Acquisition Corp., an acquisition corporations sponsored by investment subsidiaries of Investindustrial VII L.P. saying they have agreed “with certain large and institutional...