Zegna news and archive

Zegna's Q1 revenues improve, while Thom Browne declines

Ermenegildo Zegna Group announced unaudited revenues of 463.2 million euros for the first quarter, up 8.1 percent or 10.7 percent at constant currency and down 5.3 percent on an organic growth basis. Revenues for the Zegna segment amounted to 324.9 million euros, up 1.7 percent and 4.3 percent on an organic growth basis, while revenues for the...

Business

Zegna expands eyewear license with Marcolin

Eyewear manufacturer Marcolin and luxury menswear brand Zegna have announced the renewal of their global licensing agreement for the design, manufacturing and distribution of the brand’s sunglasses and optical frames. The new agreement extends the existing deal between the two companies until December 31, 2030, to strengthen the partnership...

BusinessFeatured

Zegna Group posts robust growth in Q4 and 2023

Zegna Group announced preliminary unaudited revenues of 1.9 billion euros for the full year, up 27.6 percent and up 29.7 percent on a constant currency basis, with an organic growth rate of 19.3 percent. Revenues for the fourth quarter were 570 million euros, up 40.1 percent and up 42.9 percent on a constant currency basis, with an organic...

Fashion Featured

Milan Men's Fashion Week round up

Tailoring and elegance took center stage across the men's catwalks of Milan Fashion Week, embodying a central theme vital to the country's fashion DNA and businesses. These elements have consistently delivered sustainable success to Italian brands. In a world experiencing constant flux, the question arises: why change what already works? Gucci...

Business

Tom Ford could double retail footprint with 50 new stores

In a bid to leverage its formidable brand name, Tom Ford's fashion division, currently operating just 51 stores, is poised to potentially double its retail presence to 100 stores in the coming years. The ambition was outlined by Gildo Zegna, Chairman of Zegna, the owner of Tom Ford's fashion arm, during an investor's day in New York. Zegna...

BusinessFeatured

Zegna Group announces robust growth plans

At its second Capital Markets Day at the New York Stock Exchange, Zegna Group announced an update on its strategic goals and financial outlook. At the group level, beginning in FY 2023, the company aims to deliver over 10 percent CAGR in the medium term, with adjusted EBIT CAGR of around 20 percent. The company expects that its goals will...

BusinessFeatured

Zegna Group Q3 revenue up 20.8 percent, US market shines

Thom Browne parent Zegna Group has reported a 20.8 percent increase in revenue in the third quarter as it saw double-digit growth across key markets, including a particularly strong performance in the US. The group generated Q3 revenue of 431.1 million euros, up from 356.9 million euros a year earlier. Breaking it down by segment, revenue at...

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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...

BusinessFeatured

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...

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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...

BusinessFeatured

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...