Zegna Posts 2.6% Revenue Drop Italian luxury fashion house Ermenegildo Zegna Group recently reported a 2.6% decrease in revenue, citing challenges in its wholesale channel and specific brands like Thom Browne, along with a softening in the Chinese market. While the luxury sector has been facing uncertainties and shifts in consumer behavior, these factors have […]
Temasek Builds 10% Stake in Zegna in Boost for Expansion Plans
Temasek Builds 10% Stake in Zegna in Boost for Expansion Plans Temasek, the Singapore state-owned investor, has recently made a significant move in the fashion industry by acquiring a 10% stake in the renowned Italian luxury fashion house, Ermenegildo Zegna. This strategic investment, totaling approximately 5% for $126.4 million, comes as a part of Temasek’s […]
How Dubai Is Defying the Luxury Downturn
How Dubai Is Defying the Luxury Downturn In the midst of a global luxury downturn, Dubai stands out as an oasis of opulence and prosperity. Last week, the prestigious fashion house Zegna staged a dazzling runway show in the emirate, joining the ranks of esteemed brands such as Roberto Cavalli, Armani, and Chanel. This move […]
Zegna Group’s Third Quarter Sales Fall 7 Percent
The Italian luxury menswear group Zegna has reported a 7 percent decline in total sales for the third quarter of 2024, raising concerns about the future of the luxury market. Total revenue for the quarter hit €397 million ($429.8 million), a significant downturn attributed largely to the plummeting demand for luxury goods in key global […]
Zegna CEO Still Betting on China Despite Uncertain Growth
Ermenegildo Zegna, the esteemed Italian fashion house, continues to pursue its ambitious expansion strategy in China, demonstrating confidence despite the current economic uncertainties. This strategy, focused on a 2-3 year growth outlook, highlights Zegna’s resolve to invest in marketing and made-to-measure services, even in the face of a lack of clear indicators for economic recovery. […]