Ermenegildo Zegna news and archive

Zegna family increases stake in luxury fashion group 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,...

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Ermenegildo Zegna Group reports 8 percent decline in Q3

Ermenegildo Zegna Group reported unaudited revenues of 1,357.4 million euros for the first nine months, up 1.7 percent or down 4 percent organic. In the third quarter, revenues reached 397.3 million euros, down 7.8 percent and down 6.7 percent organic. Commenting on the results, Ermenegildo “Gildo” Zegna, chairman and CEO of the company, said: “...

Business

Zegna Group revenues increase but profit dips

Ermenegildo Zegna Group’s profit declined to 31.3 million euros in the first half period and adjusted EBIT to 80.9 million euros compared to the previous year. Revenues for the period of 960.1 million euros, were up 6.3 percent but down 2.7 percent on an organic basis. Commenting on the trading results, Ermenegildo “Gildo” Zegna, group chairman...

Business

Ermenegildo Zegna Group: Half-year sales grow by 6 percent

Italian fashion group Ermenegildo Zegna NV was able to achieve an increase in sales in the first half of the 2024 financial year. However, the group owes the increase only to the takeover of Tom Ford Fashion, which was completed in April of last year . According to an interim report published on Thursday, group sales in the period from January...

Fashion

Tom Ford creative director Peter Hawkings departs after brief tenure

In a surprising turn of events, Tom Ford's creative leadership is once again in flux as Peter Hawkings, the brand's first appointed creative director post-acquisition, is set to exit after a mere year in the role. This development comes less than two years after Estée Lauder's high-profile acquisition of the luxury beauty and fashion house....

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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...

Fashion

Thom Browne bedding collection unveiled at Salone del Mobile

New York-based designer Thom Browne is bringing his iconic preppy aesthetic to the realm of home interiors via a collaboration with Italian heritage brand Frette. The new partnership features a collection of luxurious bed and bath accessories, set to debut at Milan Design Week. Browne's classic sensibility, characterised by his signature four...

Business

Ermenegildo Zegna Group's profit doubles in FY23

Ermenegildo Zegna Group announced a profit of 135.7 million euros for FY 2023, up 107.8 percent versus FY 2022, and a profit margin of 7.1 percent compared to 4.4 percent in the previous year. Revenues for the year under review of 1,904.5 million euros, increased 27.6 percent or 19.3 percent on an organic basis. Commenting on the company’s...

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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...

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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...

Culture

Zegna Blossoms: Milan's Piazza Duomo to be transformed into a new oasis

Italian menswear group Zegna has entered a three-year partnership with the City of Milan to design and maintain flowerbeds in Piazza Duomo. The Zegna Duomo flowerbeds, created in collaboration with botanical experts, will be unveiled during the Salone del Mobile trade show in April next year. The project reflects Zegna's dedication to...

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...