All Ermenegildo Zegna articles
-
News briefs
Zegna to build a footwear and accessories factory near Parma
Ermenegildo Zegna plans to build a new luxury footwear and leather-goods production facility near Parma, which will boost the group’s production capacity and promote Italian craftsmanship. The Italian fashion house said the new “cutting-edge center for excellence,” which will be constructed on a ten-hectare plot of land ten kilometers from ...
-
News briefs
Zegna’s FY sales reach €1.9bn
Ermenegildo Zegna, the owner of the Zegna and Thom Browne brands and exclusive licensee for the Tom Ford Fashion business, says that full-year revenues for 2023 have come in at €1.9 billion, up by 27.6 percent year-over-year and by 29.7 percent on a constant currency basis, with an organic growth ...
-
News briefs
Zegna sees sales up over 10% annually in the medium term
Zegna aims for a compound annual growth rate (CAGR) in revenues at group level of over 10 percent in the medium term and adjusted Ebit growth of around 20 percent. “This will generate significant cash surplus even while taking into consideration higher, targeted investments in marketing and capital expenditure to ...
-
News briefs
Zegna to directly manage the South Korean market from Q1
The Italian fashion house Ermenegildo Zegna will buy the entity managing the Zegna brand in South Korea from its local franchise partner. With the transaction, Zegna will directly operate its South Korean business, which comprises 15 stores, from the first quarter of 2024. The brand has been present in South ...
-
Article
The stocks of footwear companies continued to be under pressure in Q3
The prices of stocks monitored by Shoe Intelligence fell by 7 percent on average in the third quarter of 2023 compared with the previous three months amid ongoing concern about the economic outlook due to weak demand, higher interest rates and stubborn inflation. In the second quarter, the panel was ...
-
News briefs
Zegna’s H1 net profit rises nearly 148%
The Italian fashion house Ermenegildo Zegna posted a net profit of €52.1 million in the first half of 2023, up by 147.9 percent compared to the year earlier. Revenues for the period, which was already reported in July, increased by 23.9 percent to €903.1 million. The group’s adjusted Ebit was ...
-
News briefs
Zegna's H1 sales rise nearly 24%
The Italian fashion group Ermenegildo Zegna’s first-half revenues rose by 23.9 percent to €903 million. Revenues at constant currency were up by 24.7 percent, and organic growth was 21.5 percent. The top line was underpinned by the consolidation of Tom Ford International and Pelletteria Tizeta from April 29. Revenues for ...
-
News briefs
Zegna names Lello Gavazza to head Tom Ford Fashion
Ermenegildo Zegna has appointed Lello Gavazza to the new position of chief executive officer of the Italian fashion house’s Tom Ford Fashion label. Gavazza will take on the position on Sept. 18. He has over 20 years of experience in the global luxury sector. He joins Zegna from French luxury ...
-
News briefs
Zegna sees ‘encouraging recovery’ as China reopens
The Italian fashion house Ermenegildo Zegna has started 2023 with an “encouraging recovery led by the reopening in China following restrictions tied to Covid-19 and the robust growth in our business in the United States and Europe led by our retail, and for Zegna a healthy increase in productivity, which ...
-
News briefs
Zegna posts a full-year profit
The Italian fashion group Ermenegildo Zegna posted a net profit of €65.3 million in 2022 compared with a loss of €127.7 million in 2021 as revenues rose by 15.5 percent to €1,493 million. Last year’s loss was caused by costs incurred to merge with Investindustrial Acquisition Corp, a special purpose ...
-
Article
Zegna’s Q4 revenues dip 0.5% but shoes post ‘exceptional performance’
The Italian fashion house Ermenegildo Zegna generated revenues of €407 million in the fourth quarter of 2022, down by a reported 0.5 percent on the year earlier and 2.9 percent lower at constant exchange rates, as sales were hit by new Covid-19 restrictions affecting the Greater China region. The owner ...
-
Article
Estée Lauder buys Tom Ford
Estée Lauder has signed an agreement to acquire Tom Ford in a deal with an enterprise value of $2.8 billion. The transaction will make the American cosmetics group the sole owner of the brand and all its intellectual property. The amount to be paid by Estée Lauder for the acquisition ...
-
Article
Zegna Q3 sales up 27.5%
The Italian fashion house Ermenegildo Zegna, owner of the Zegna and Thom Browne brands, generated revenues of €357 million in the third quarter of 2022, up by 27.5 percent compared to the year earlier. Revenues for the first nine months of the year reached €1.09 billion, 22.9 percent higher than ...
-
News briefs
Zegna improves FY guidance
Ermenegildo Zegna posted a net profit of €21.02 million in the first half of 2022, down from €32.23 million a year earlier, while sales rose by 21 percent to €729 million. During the period, adjusted Ebit grew to €82.69 million from €66.81 million and the margin widened to 11.3 percent ...
-
News briefs
Zegna targets annual revenues above €2 bn
The Italian fashion house Ermenegildo Zegna is aiming for annual revenues of over €2 billion and an adjusted Ebit margin of at least 15 percent in the medium-term. In 2021, the company posted revenues of €1.292 billion and an adjusted Ebit margin of 11.5 percent. In the first quarter of ...
-
News briefs
Zegna posts higher-than-expected Ebit margin
The Italian fashion group Ermenegildo Zegna posted an adjusted Ebit of €149 million in 2021, resulting in an adjusted Ebit margin of 11.5 percent, above guidance for a margin of about 10 percent provided in February. Zegna, whose shares are listed on the New York stock exchange, attributed its better-than-expected ...
-
News briefs
Zegna starts trading on NYSE
On Dec. 20, Ermenegildo Zegna debuted on the New York Stock Exchange through a merger with Investindustrial Acquisition Corp (IIAC), a special purpose acquisition company (SPAC) sponsored by subsidiaries of Investindustrial VII, which is part of the private equity Investindustrial founded by the Italian businessman Andrea Bonomi. Shares in Zegna ...
-
Article
Zegna to go public and L Catterton takes over Etro
The Italian fashion group Ermenegildo Zegna will go public and list on the New York Stock Exchange later this year through a merger with Investindustrial Acquisition Corp ( IIAC ), a special purpose acquisition company (SPAC) sponsored by subsidiaries of Investindustrial VII, a fund managed by the private ...