Ermenegildo Zegna grows by 8% in the first quarter

Ermenegildo Zegna Group continues to grow at the start of the year, but at a slower pace. The Italian company specialising in luxury menswear posted sales of €463.2 million in the first quarter of 2023, up 8.1% (+10.7% at constant exchange rates). These results were driven primarily by strong performances in the United States and … Read more

Armani “doesn’t rule out” merger or IPO in succession plan

By Bloomberg Published Apr 19, 2024 Three months before his 90th birthday, Giorgio Armani is hinting at possible big changes for his Italian fashion empire once he’s no longer in charge. After fighting for years to keep Giorgio Armani SpA independent amid the mergers and acquisitions that reshaped the luxury sector, the billionaire design virtuoso … Read more

Luxury group Zegna posts 19.3% jump in FY organic sales

By Reuters API Published Apr 6, 2024 ​Italy’s Ermenegildo Zegna posted a 19.3% increase in full-year organic revenue on Friday and proposed a 20% hike in its annual dividend, helped by robust demand for its luxury products. See catwalkZegna – Spring-Summer2024 – Menswear – Milan – © ImaxTree The family-owned fashion group, which controls menswear brand … Read more

Zegna Group accelerates in Q4 and closes 2023 on 27.6% growth

Ermenegildo Zegna Group is ending the year on a high. The Italian group specialising in very high-end menswear, which is listed on the New York Stock Exchange, is forecasting sales growth of 27.6% in 2023 (+19.3% on an organic basis) to €1.9 billion, as announced on the publication of its preliminary annual results. Its flagship … Read more

Canadian luxury menswear icon Harry Rosen passes away at 92

Harry Rosen, the founder of the Canadian luxury menswear retailer that bears his name, has passed away at the age of 92.  Canadian luxury menswear icon Harry Rosen passes away at 92. – Harry Rosen Survived by his partner of 68 years, Evelyn, four children, nine grandchildren, and six great-grandchildren, Rosen’s mark on Canadian luxury … Read more