Zegna

Thom Browne, Inc.

BONOTTO SPA

GRUPPO DONDI S.P.A.

Cappellificio Cervo

Tessitura Ubertino

FILATI BIAGIOLI MODESTO S.P.A.

About Ermenegildo Zegna Group
Founded in 1910 in Trivero, Italy, the Ermenegildo Zegna Group is a leading global luxury group listed on the New York Stock Exchange (NYSE: ZGN). The Group is the owner of the world-renowned ZEGNA and Thom Browne brands, and operates TOM FORD FASHION through a long-term license agreement with The Estée Lauder Companies Inc. The Group also manufactures and distributes the highest quality fabrics and textiles through its Luxury Textile Laboratory Platform. At the Group’s core is a uniquely vertically integrated supply chain that brings together the best of Italian fine craftsmanship. Responsibility towards people, community and the natural world has been at the heart of the Ermenegildo Zegna Group’s belief since its founding by the Zegna family over 100 years ago. Today the Group operates in approximately 80 countries around the world through 500 ZEGNA and Thom Browne stores, of which 304 are directly operated by the Group as of March 31, 2023 (242 ZEGNA stores and 62 Thom Browne stores). At the end of 2022, Ermenegildo Zegna Group had more than 6,000 employees and revenues of approximately €1.5 billion.

Ermenegildo Zegna Group

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

Ermenegildo Zegna Group held today its 2023 Capital Markets Day at the New York Stock Exchange unveiling updated Group strategy following TOM FORD FASHION acquisition and strong medium term financial outlook.
 
Ermenegildo “Gildo” Zegna, Chairman and CEO of the Zegna Group, said: “Almost two years ago, we stood in this same historic place to ring the Opening Bell and begin our life as a public company as the very first Italian luxury fashion company to be listed on the New York Stock Exchange. It was a proud moment for me, for my family, and for the entire Group – the culmination of a personal dream, and the starting point of an exciting new phase for the Group and of Our Road To Tomorrow.
 
Several months later, at our first Capital Markets Day held at Oasi Zegna in May 2022, we shared our medium-term financial outlook. I am pleased to say that today we are ahead of the plans we presented back then.”
 
He added: “Our financial performance today paints a very clear picture: we are a stronger, more thriving company than ever before – we achieved these results while strengthening our brands, and this despite the challenging geopolitical and macroeconomic conditions over the past two years.
 
Our goals – strategic and financial – have always been rooted in our values. Earlier this year we have added another incredible name to our portfolio: TOM FORD FASHION, which has become the third pillar of the Group. Our results so far demonstrate our ability to execute on the Zegna and Thom Browne, Inc. strategies. This is why, as we start to execute on TOM FORD FASHION, I am confident in our ability to deliver on the objectives we are sharing today for the Group as part of our business strategy, building on the strong portfolio of our three complementary luxury brands and on the different stages in their growth cycles.”
 
Read more on: https://lnkd.in/dKzmYpSv

Ermenegildo Zegna Group today announced robust growth with unaudited revenues of €431 million for the third quarter of 2023. Revenues were up 20.8% year-over-year and up 25.0% year-over-year on a constant currency basis, with an organic growth rate of 11.3%. For the first nine months of the year, unaudited revenues came in at €1,334 million, up 22.9% year-over-year and up 24.8% year-over-year on a constant currency basis, with an organic growth rate of 19.2%.

These quarter revenues support the Group’s FY 2023 and mid-term outlook.

Ermenegildo “Gildo” Zegna, Chairman and CEO of the Zegna Group, said: “Our results this quarter continue to showcase the broad-based strength of our three brands and the successful execution of our strategy. I am particularly pleased that we are performing well across a diverse set of regions, as the balance of our geographic mix provides resilience in a highly dynamic environment.”

“I am confident that the continued progress of the Zegna rebranding, including the full implementation of the One Brand strategy in China, the expansion opportunities for Thom Browne, Inc., and the integration and evolution of TOM FORD FASHION all provide valuable tailwinds despite the current global operating environment.”

“The Group’s leadership team is looking forward to our second Capital Markets Day this December at the New York Stock Exchange, where we will be presenting our updated financial goals, including those for the TOM FORD fashion business.”

Read more on: https://lnkd.in/dN2pFkMd

💚 We at Ermenegildo Zegna Group are very proud to have signed a CVPPA (collective virtual power purchase agreement) with Lightsource bp, as a member of #TheFashionPact.

This collective initiative is key in helping us reach our target of 100% renewable energy in our own operations, by 2030. 

#RenewableEnergy
#ClimateChange
#CVPPA
#NetZero

In 2019, Zegna Group joined The Fashion Pact, a CEO-led initiative forging a nature positive and net zero future for the fashion industry.
Together with over 160 brands, we chart a pathway for the industry and design collective solutions to reinvent the way the industry operates.
#TFPUnpacked

Ermenegildo Zegna Group today announced strong first-half 2023 financial results with profit of €52.1 million and a profit margin of 5.8%, for the six months ended June 30, 2023, off revenues of €903.1 million for the same period, as announced on July 27, 2023.
The Group recorded Adjusted EBIT of €119.9 million for the six months ended June 30, 2023, an increase of 45.0% year-over-year compared to €82.7 million in the first six months of 2022, demonstrating broad-based-strength.
The company reaffirmed its mid-term targets and announced its Capital Markets Day to be held in New York on December 5, 2023.

Ermenegildo “Gildo” Zegna, Chairman and CEO, said: “Throughout the first half of the year, Zegna Group’s unique capabilities have been on full display, contributing to continued and strong revenue growth. This is particularly evident in the outstanding performance in the United States and EMEA, as we communicated back in July, as well as in our significant progress towards growing profitability. Our performance during this six-month period again confirms the successful execution of our strategy, including our Zegna One Brand strategy – which is driving remarkable improvements in productivity across our direct-to-consumer stores, and our commitment to continue investing in marketing and advertising, as well as the expansion of distribution across all our brands. Our Made in Italy Luxury Textile Laboratory Platform, which directly benefit our group brands, continues to be an important part of our growth blueprint.”

“As we progress in the second half of the year, we continue to be extremely attentive on executing our plan, with a major focus on working alongside the new leadership team at TOM FORD FASHION to further develop and position the brand as an icon in ultra-luxury while also supporting the further expansion of the Thom Browne, Inc. footprint. In this dynamic operating environment, we are encouraged by the strong growth we are seeing in the United States and EMEA but also acknowledge the impact of a milder recovery in Greater China. I am proud of our exceptional leadership team, and we are confident in the steps we have taken to position our portfolio of brands in the more resilient ultra-luxury segment and to strengthen the Group’s own retail network and achieve a more balanced geographical presence. There is rich and exciting potential for the Group’s three brands, and we look forward to continuing to execute our strategy to enhance their performance even further.”

Read more on: https://lnkd.in/dY5uDg_U

Ermenegildo Zegna Group today announced robust preliminary unaudited revenues of €903 million for the first half of 2023, an increase of 23.9% year-over-year, and 21.5% organic growth. Double-digit organic growth for both the Zegna and Thom Browne segments in the first half of 2023. 
 
Ermenegildo “Gildo” Zegna, Chairman and CEO of the Zegna Group, said: “The second quarter of 2023 has built on the Group’s excellent performance since the beginning of the year. Our brands continue to resonate strongly with customers worldwide, with a positive rebound in China in the first half of the year, our persistent strength in EMEA, and our outstanding performance in the U.S. market.”
 
“I am particularly pleased that we are gaining market share, and I am confident about the strong opportunities ahead as the menswear segment grows globally with both existing and new audiences. Our Zegna, Thom Browne, Inc., and TOM FORD FASHION brands all offer distinctive styles that cater to a wide range of shoppers and occasions, allowing us to be leaders across the luxury market. The strong execution of the One Brand strategy has made ZEGNA a global favorite, with successful collections which include staple Luxury Leisurewear items and our signature Triple Stitch™ sneaker. At Thom Browne, the work being done to strengthen womenswear continues to show great progress and the category is now outpacing the growth of menswear. Meanwhile, we have started our journey to make TOM FORD FASHION among the top ten luxury fashion names in the world. The Group’s financial progress underpins our confidence that we are comfortably on track to meet our previously announced 2025 financial ambitions.”
 
“I would also like to welcome Lelio Gavazza to the Zegna Group as Chief Executive Officer of TOM FORD FASHION. As we continue the integration of TOM FORD FASHION into the Group, I look forward to working with Lelio once he starts his new role in September. In partnership with the Estée Lauder Companies, we will build upon Tom’s legacy to grow this iconic, one-of-a-kind luxury brand globally.”
 
“Finally, our family’s commitment to social responsibility over 113 years was once again highlighted last week when we celebrated the 10th anniversary of the Ermenegildo Zegna Founder’s Scholarship, which enables Italian graduates to pursue their postgraduate studies abroad and return home. This program is a particular point of pride for me as it brings back Italian talents to contribute to the future of Italy.”

Read more on: https://lnkd.in/e-qsYWTJ

Ermenegildo Zegna Group today announced the appointment of Lelio Gavazza to the newly created position of CEO, TOM FORD FASHION, effective September 18, 2023.

As CEO of TOM FORD FASHION, Gavazza will be responsible for the end-to-end of the TOM FORD FASHION business, from collection development to merchandising, through production as well as retail and wholesale distribution. 

Gildo Zegna commented: “Lelio’s track record of strong global leadership brings outstanding luxury expertise to TOM FORD FASHION across retail management, wholesale distribution, marketing, digital and key markets, including China. I have personally known and appreciated Lelio for many years, and I’m confident that his world-class business acumen, deep international experience, and leadership skills will prove invaluable in the development of the TOM FORD FASHION business globally.” 

Lelio will work closely with Guillaume Jesel, President and CEO, TOM FORD, ensuring the alignment of fashion with the holistic luxury strategy for the brand.

Lelio Gavazza said: “I am honored to join Zegna Group as its CEO of TOM FORD FASHION and look forward to working with Gildo Zegna and partnering with Guillaume Jesel to continue to foster the growth of TOM FORD at the pinnacle of luxury fashion.”

Link: https://lnkd.in/eXp_EAt7

In 2022, Ermenegildo Zegna Group committed to set near- and long-term company-wide emission reductions in line with science-based net-zero with the Science Based Targets initiative.
In the second half of 2023, we are proud to announce that the Group received validation of its science-based emissions reduction targets from the SBTi.
 
Read more on our Sustainability Report 2022: https://lnkd.in/e7g-62Rn

Last Monday Thom Browne unveiled his inaugural couture collection at the Palais Garnier, Paris.
Elements of classic American sportswear filtered through the lens of couture. For one night only.
 
…one night only…
…at the palais garnier…
…a solo traveler…
…on a lonely platform…
…fades to grey…
…grey…
…grey…
…grey…
 
#ErmenegildoZegnaGroup #thombrowne #thombrownecouture

Ermenegildo Zegna N.V., together with its subsidiaries, designs, manufactures, markets, and distributes luxury menswear, footwear, leather goods, and other accessories under the Zegna and the Thom Browne brands. It provides luxury leisurewear for men; formal suits, tuxedos, shirts, blazers, formal overcoats, and accessories; leather accessories comprising shoes, bags, belts, and small leather accessories; and fragrances. The company also offers luxury womenswear and childrenswear under the Thom Browne brand, as well as provides eyewear, cufflinks and jewelry, watches, underwear, and beachwear manufactured by third parties under licenses. It serves customers through its retail stores and online channels in Europe, the Middle East, Africa, North America, Latin America, the Asia Pacific, and internationally. The company was founded in 1910 and is based in Trivero, Italy. Ermenegildo Zegna N.V. is a subsidiary of Monterubello Societa' Semplice.

COM:ZEGNAGROUP

Zegna Group

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