Ermenegildo Zegna Group

Last week, Ermenegildo Zegna Group CEO and Chairman Gildo Zegna participated in the Cercle d'Economia in Barcelona, moderated by Marc Puig Chairman and CEO of Puig together with Simone Bagel-Trah, Chairwoman of the Supervisory Board and of the Shareholders’ Committee of Henkel. He talked in the panel dedicated to Family business growth: generational transition, governing bodies and public markets, emphasizing that family values and unity are the two foundation pillars to build a long-term successful family business. He also remarked that the decision to go public was a milestone step that needed to be carefully assessed. “Being listed is a responsibility. You add a new stakeholder to your business; for this we are today more thoughtful in our decision-making process, more organized, and more responsive”. He also shared a simple lesson from being a public company: “Never betray your roots and be open and honest with investors, make them understand your long-term trajectory”.

Last Friday, Ermenegildo Zegna Group Chairman and CEO Gildo Zegna was honored to welcome H.E. Mr. Srettha Thavisin, Prime Minister of Thailand, together with his government officials, to our founder’s home in Trivero, Piedmont Alps. They visited the Ermenegildo Zegna wool mill, the backbone of the Group’s 𝘍𝘪𝘭𝘪𝘦𝘳𝘢, and where the company continues to produce its finest textiles and high-quality fabrics to this day. Mr. Zegna and Prime Minister Thavisin discussed possible opportunities in Thailand, which is an important market for the future development of the Group.

Ermenegildo Zegna Group today announced unaudited revenues of €463.2 million for the first quarter of 2024, +8.1% year-on-year (YoY) from €428.3 million in the first quarter of 2023 (+10.7% at constant currency and -5.3% on an organic growth basis). Gildo Zegna, Chairman and CEO of the Ermenegildo Zegna Group, said: “Closing the first quarter of 2024 with double-digit revenue growth on a constant currency basis is reassuring given the challenges that the sector is facing. Our growth in the Americas - also in double digits - and the ongoing successful delivery on our Zegna One Brand strategy give me additional assurance that we are moving in the right direction. I am confident in the decisions we are making to accelerate our direct control of the business, in particular at Thom Browne, Inc. and TOM FORD FASHION, and we have also reinforced our talent and leadership across all levels, knowing how critical our people are to delivering results. Finally, we are continuing our focus on clienteling and customer experience, both of which will further strengthen the long-term value of all our brands. A highlight of our efforts to provide unforgettable experiences was the launch in Milan of Oasi Zegna, an immersive exhibition that we brought to life at the Group’s headquarters during Salone del Mobile. Over 26,000 people visited the installation throughout the week – an impressive indicator of the ZEGNA brand’s strength. Looking at the rest of the year, we have a clear and defined path in front of us. I am confident that we are taking the right actions to make our brands even stronger and to deliver on our medium-term ambitions.” Read more on: https://lnkd.in/dyKNsybd

Today, on the occasion of Earth Day, Ermenegildo Zegna Group releases its third Sustainability Report and is proud to announce that last Friday, one of the Group’s brands, ZEGNA, has been named the official curator of the Milanese Piazza del Duomo's iconic flowerbeds for the next three years, a green space inspired by the environmental responsibility philosophy of Oasi Zegna. Gildo Zegna, Chairman and CEO of Ermenegildo Zegna Group: “Since our founding in 1910, our commitment to people, community, and nature has been at the core of our journey. We have always believed that the highest quality products come from the highest quality natural resources, and that these resources must be cared for. The Sustainability Report we are issuing today – the third for the Ermenegildo Zegna Group – is rooted in these simple principles that have guided us yesterday and today and will continue to lead our path moving forward. None of the important steps we took along our journey would have been possible without the support of our people worldwide; so, I would like to thank each and every one of them across the whole Group. Our road started in 1910; that’s almost 114 years of growth, resilience, transformation, expansion, and success. The values that inspired my grandfather and namesake, Ermenegildo Zegna, still inspire us today. As we face the future and consider the work still ahead of us, these are the values that will pave our tomorrow.” Read more on our Sustainability Report 2023: https://lnkd.in/e7g-62Rn

Ermenegildo Zegna Group today delivered a strong full year 2023 performance with profit doubling to €136 million, up 107.8% from €65.3 million in FY 2022, and a profit margin of 7.1% compared to 4.4% in FY 2022. Ermenegildo “Gildo” Zegna, the Group’s Chairman and CEO, said: “2023 has been a milestone year for our Group. We delivered outstanding results, including more than doubling our profit from 2022 to reach €136 million. We have also fulfilled our 2023 sustainability commitments including those focused on traceability, diversity and inclusion and in renewable energy adoption. We are on track with the integration of the TOM FORD FASHION business, which is enriching our unique proposition also in glamour luxury. 2023 was also an important year for the Thom Browne, Inc. and Zegna brands. Thom Browne celebrated its twentieth anniversary reaffirming the brand as a symbol of modern luxury tailoring. ZEGNA continued a well-defined journey to ensuring its place as one of the strongest brands in absolute luxury menswear. As a Group, we continued to invest in our 𝘍𝘪𝘭𝘪𝘦𝘳𝘢, our in-house supply chain, – which includes some of the finest and most important Italian high-end textile producers fully integrated with our unique luxury manufacturing capabilities. We recently announced the latest addition to the 𝘍𝘪𝘭𝘪𝘦𝘳𝘢, a new state-of-the-art footwear and leather goods production facility in Parma, Italy, expected to be completed by the end of 2026. Looking ahead, I see a clear and defined path forward for our Group. In the volatile world we live in, we must continue to be increasingly responsive, flexible and authentic to who we are. The Ermenegildo Zegna Group is a guardian of brands, and while short-term results are important, our top priority must always be their overall trajectory. What we should do is well defined; there will be challenges, but we know how to tackle them and how important it is to plan for the long term”. Read more on: https://lnkd.in/dcaEztze

Last week has been unveiled in Milan TOM FORD FASHION's Winter 2024 collection. Beauty is an all-encompassing feeling. For Peter Hawkings, it extends from the perfection of tailoring and the lustrous sheen of fabric to the intensity of smell, from the depth of color in make-up and the allure of a pair of sunglasses to the way a woman or a man carries themself. Hawkings expresses such a vision in the TOM FORD language, with unremitting focus, vibrant and concise. Empowered, glamorous people are elegantly attired to seduce. The woman and the man are complementary, one mirroring the choices of the other. Ermenegildo Zegna Group #TOMFORDWINTER24 #TOMFORD

…𝘰𝘯𝘤𝘦 𝘶𝘱𝘰𝘯 𝘢 𝘮𝘪𝘥𝘯𝘪𝘨𝘩𝘵 𝘥𝘳𝘦𝘢𝘳𝘺... 𝘭𝘢𝘴𝘵 𝘸𝘦𝘦𝘬 𝘵𝘩𝘰𝘮 𝘣𝘳𝘰𝘸𝘯𝘦 𝘣𝘳𝘰𝘶𝘨𝘩𝘵 𝘩𝘪𝘴 𝘧𝘢𝘭𝘭 2024 𝘤𝘰𝘭𝘭𝘦𝘤𝘵𝘪𝘰𝘯 𝘵𝘰 𝘭𝘪𝘧𝘦 𝘸𝘪𝘵𝘩 𝘢 𝘴𝘱𝘦𝘤𝘪𝘢𝘭 𝘳𝘦𝘵𝘦𝘭𝘭𝘪𝘯𝘨 𝘰𝘧 𝘦𝘥𝘨𝘢𝘳 𝘢𝘭𝘭𝘢𝘯 𝘱𝘰𝘦’𝘴 “𝘵𝘩𝘦 𝘳𝘢𝘷𝘦𝘯,” 𝘯𝘢𝘳𝘳𝘢𝘵𝘦𝘥 𝘣𝘺 𝘢𝘮𝘦𝘳𝘪𝘤𝘢𝘯 𝘢𝘤𝘵𝘰𝘳 𝘤𝘢𝘳𝘳𝘪𝘦 𝘤𝘰𝘰𝘯. 𝘢 𝘴𝘤𝘩𝘰𝘰𝘭 𝘰𝘧 𝘳𝘢𝘷𝘦𝘯𝘴, 𝘪𝘯 𝘵𝘢𝘪𝘭𝘰𝘳𝘪𝘯𝘨 𝘢𝘯𝘥 𝘤𝘰𝘢𝘵𝘴 𝘸𝘪𝘵𝘩 𝘴𝘵𝘳𝘰𝘯𝘨 𝘴𝘩𝘰𝘶𝘭𝘥𝘦𝘳𝘴 𝘤𝘶𝘵 𝘧𝘳𝘰𝘮 𝘮𝘪𝘭𝘪𝘵𝘢𝘳𝘺 𝘸𝘦𝘪𝘨𝘩𝘵 𝘤𝘢𝘴𝘩𝘮𝘦𝘳𝘦, 𝘩𝘢𝘯𝘥-𝘭𝘰𝘰𝘮𝘦𝘥 𝘵𝘸𝘦𝘦𝘥𝘴, 𝘢𝘯𝘥 𝘣𝘶𝘭𝘭𝘪𝘰𝘯 𝘦𝘮𝘣𝘳𝘰𝘪𝘥𝘦𝘳𝘺. 𝘢𝘮𝘰𝘯𝘨 𝘵𝘩𝘦𝘮, 𝘪𝘯 𝘸𝘰𝘰𝘭 𝘧𝘭𝘢𝘯𝘯𝘦𝘭 𝘢𝘯𝘥 𝘷𝘦𝘭𝘷𝘦𝘵 𝘪𝘯𝘵𝘢𝘳𝘴𝘪𝘢, 𝘴𝘵𝘪𝘵𝘤𝘩𝘦𝘥 𝘪𝘯𝘵𝘰 𝘸𝘩𝘪𝘵𝘦 𝘴𝘪𝘭𝘬 𝘮𝘰𝘪𝘳é. 𝘣𝘭𝘢𝘤𝘬 𝘵𝘪𝘦 𝘦𝘯𝘴𝘦𝘮𝘣𝘭𝘦𝘴 𝘢𝘳𝘦 𝘥𝘦𝘤𝘰𝘯𝘴𝘵𝘳𝘶𝘤𝘵𝘦𝘥 𝘢𝘯𝘥 𝘵𝘳𝘢𝘯𝘴𝘧𝘰𝘳𝘮𝘦𝘥 𝘪𝘯𝘵𝘰 𝘮𝘰𝘥𝘶𝘭𝘢𝘳 𝘱𝘢𝘯𝘦𝘭𝘴 𝘸𝘩𝘪𝘤𝘩 𝘣𝘶𝘵𝘵𝘰𝘯 𝘰𝘯 𝘢𝘯𝘥 𝘰𝘧𝘧 𝘰𝘯𝘦 𝘢𝘯𝘰𝘵𝘩𝘦𝘳. 𝘵𝘩𝘦𝘴𝘦 𝘣𝘰𝘥𝘺-𝘴𝘬𝘪𝘮𝘮𝘪𝘯𝘨 𝘭𝘰𝘰𝘬𝘴 𝘨𝘪𝘷𝘦 𝘸𝘢𝘺𝘵𝘰 𝘤𝘪𝘯𝘤𝘩𝘦𝘥 𝘴𝘪𝘭𝘩𝘰𝘶𝘦𝘵𝘵𝘦𝘴 𝘮𝘢𝘥𝘦 𝘰𝘧 𝘥𝘪𝘴𝘴𝘦𝘤𝘵𝘦𝘥 𝘵𝘢𝘪𝘭𝘰𝘳𝘪𝘯𝘨. 𝘴𝘰𝘮𝘦 𝘪𝘯 𝘧𝘶𝘯-𝘮𝘪𝘹 𝘵𝘸𝘦𝘦𝘥 𝘢𝘯𝘥 𝘵𝘢𝘳𝘵𝘢𝘯 𝘮𝘢𝘥𝘦 𝘰𝘧 𝘨𝘳𝘰𝘴𝘨𝘳𝘢𝘪𝘯 𝘳𝘪𝘣𝘣𝘰𝘯𝘴, 𝘰𝘵𝘩𝘦𝘳𝘴 𝘪𝘯 𝘪𝘯𝘵𝘢𝘳𝘴𝘪𝘢 𝘢𝘯𝘥 𝘸𝘰𝘰𝘭-𝘤𝘢𝘴𝘩𝘮𝘦𝘳𝘦—𝘢𝘭𝘭 𝘥𝘦𝘧𝘪𝘯𝘦𝘥 𝘣𝘺 𝘢𝘯 𝘩𝘰𝘶𝘳𝘨𝘭𝘢𝘴𝘴 𝘴𝘩𝘢𝘱𝘦. 𝘢𝘴 𝘰𝘯𝘦 𝘴𝘵𝘰𝘳𝘺 𝘤𝘰𝘮𝘦𝘴 𝘵𝘰 𝘢𝘯 𝘦𝘯𝘥, 𝘢𝘯𝘰𝘵𝘩𝘦𝘳 𝘣𝘦𝘨𝘪𝘯𝘴. 𝘵𝘩𝘦 𝘣𝘦𝘨𝘶𝘪𝘭𝘪𝘯𝘨 𝘨𝘰𝘭𝘥𝘦𝘯 𝘣𝘶𝘨 𝘦𝘯𝘵𝘦𝘳𝘴 𝘪𝘯 𝘢 𝘨𝘰𝘭𝘥 𝘫𝘢𝘤𝘲𝘶𝘢𝘳𝘥 𝘤𝘢𝘱𝘦 𝘸𝘪𝘵𝘩 𝘥𝘦𝘣𝘰𝘴𝘴𝘦𝘥 𝘳𝘰𝘴𝘦𝘴 𝘢𝘯𝘥 𝘣𝘭𝘢𝘤𝘬 𝘮𝘰𝘪𝘳𝘦 𝘪𝘯𝘵𝘢𝘳𝘴𝘪𝘢 𝘳𝘢𝘷𝘦𝘯𝘴. 𝘩𝘦𝘳 𝘩𝘢𝘯𝘥-𝘬𝘯𝘪𝘵 𝘨𝘰𝘭𝘥 𝘣𝘰𝘶𝘪𝘭𝘭𝘰𝘯 𝘤𝘢𝘳𝘥𝘪𝘨𝘢𝘯 𝘩𝘦𝘭𝘥 𝘵𝘪𝘨𝘩𝘵 𝘣𝘺 𝘢 𝘤𝘰𝘳𝘴𝘦𝘵 𝘵𝘰𝘱𝘱𝘦𝘥-𝘴𝘬𝘪𝘳𝘵 𝘧𝘪𝘯𝘪𝘴𝘩𝘦𝘥 𝘸𝘪𝘵𝘩 𝘢 𝘸𝘩𝘪𝘵𝘦 𝘴𝘪𝘭𝘬 𝘥𝘶𝘤𝘩𝘦𝘴𝘴 𝘱𝘰𝘰𝘧 𝘴𝘬𝘪𝘳𝘵. …𝘯𝘦𝘷𝘦𝘳𝘮𝘰𝘳𝘦… …𝘯𝘦𝘷𝘦𝘳𝘮𝘰𝘳𝘦… …𝘯𝘦𝘷𝘦𝘳, 𝘯𝘦𝘷𝘦𝘳𝘮𝘰𝘳𝘦… Ermenegildo Zegna Group #𝘵𝘩𝘰𝘮𝘣𝘳𝘰𝘸𝘯𝘦 #𝘵𝘩𝘰𝘮𝘣𝘳𝘰𝘸𝘯𝘦𝘧𝘸24

Ermenegildo Zegna Group announced today that it will open a new luxury footwear and leather goods production facility in Sala Baganza (Parma). The new facility, scheduled to be completed by the end of 2026, will expand the Group’s production capacity and allow for further focus on promoting and enhancing Italian craftsmanship. Gildo Zegna, Chairman and CEO of the Ermenegildo Zegna Group, said: “Luxury footwear and leather goods are flagships of Italian manufacturing. While we are creating a true center of excellence focused on these important aspects of the Italian luxury industry by opening this new facility, the center will be more than just a production facility. It will play an important role as a training ground for a new generation of artisans, ensuring the ongoing viability of these important skills and working to preserve the uniqueness of Made in Italy. Parma is the ideal location for this project, building on the region’s long history of craftsmanship and expanding our presence there.” The architectural and landscape design of the new complex will be developed by the internationally renowned Milan-based architecture and interior design studio ACPV ARCHITECTS Antonio Citterio Patricia Viel. Read more on: https://lnkd.in/dYJ_Zm2w

Ermenegildo Zegna Group today announced strong unaudited preliminary revenues of €1.9 billion for the full year 2023, up 27.6% year-over-year and up 29.7% year-over-year on a constant currency basis, with an organic growth rate of 19.3%. Revenues for the fourth quarter of 2023 were €570 million, up 40.1% year-over-year and up 42.9% year-over-year on a constant currency basis, with an organic growth rate of 19.6%. Ermenegildo “Gildo” Zegna, Chairman and CEO of the Zegna Group, said: “I am very proud of the Group’s success over the past year, which is demonstrated by our strong and continued revenues growth. The significant increase in our revenues in 2023, and especially from our network of directly operated stores, is a clear indication that demand for our brands remains healthy, and that we are successfully executing our strategy to increase their desirability and solidify their position as leaders in the luxury market. The continuing improvement in the ZEGNA brand productivity, in particular, is a testament to the strength of our execution, supported by our successful merchandising and CRM. Our integrated supply chain benefits all three of our brands and drives ZEGNA’s leadership in Made-to-Measure and product customization. We are focused on further enhancing our Made-to-Measure and personalization offering with the introduction and ongoing rollout of ZEGNA X, which is empowering our style advisors to further serve our customers using the latest technology.” “While we have seen broad-based strength, I am particularly pleased by the continued growth in EMEA and the very positive performance in the US, which was driven by strong double-digit ZEGNA sales via the retail channel. These strengths, coupled with the rebound in the Greater China Region, are testaments to the soundness of our long-term strategy. Our performance across all our key geographies reflects the plans we set out at our second Capital Markets Day at the NYSE in December 2023 and charts a path forward to reach our medium-term goals even in an environment that remains challenging, with the invaluable contributions of our management team and all our employees across the Group and its brands.” Zegna Thom Browne, Inc. TOM FORD FASHION Read more on: https://lnkd.in/df2KKQMm

OUR ROAD IN 2023 “2023 has been an incredible year of milestones for the Zegna Group and indeed, another challenging one. We've celebrated our successes and tackled obstacles head-on, constantly pushing our boundaries further. None of this would have been possible without the work and dedication of our people worldwide who are the driving energy behind all these great achievements. This video is dedicated to our Zegna Group’s best moments of 2023. Thank you all”. Ermenegildo “Gildo” Zegna, Chairman and CEO of the Zegna Group Zegna Thom Browne, Inc. TOM FORD FASHION