Welcome to our dedicated page for Ermenegildo Zegna N V news (Ticker: ZGN), a resource for investors and traders seeking the latest updates and insights on Ermenegildo Zegna N V stock.
Ermenegildo Zegna N.V. reports developments for a global luxury fashion group built around the ZEGNA, Thom Browne, and TOM FORD FASHION brands. News commonly covers revenue and profit updates, brand-level performance, direct-to-consumer and wholesale channel trends, and geographic results across major luxury markets.
The company’s updates also address its high-end menswear position, textile and manufacturing capabilities within its integrated Filiera, retail network investments, capital-structure items such as dividends, and governance matters tied to leadership structure and shareholder voting.
Ermenegildo Zegna Group (NYSE:ZGN) has announced a strategic partnership with Temasek, where the Singapore-based investment firm will acquire a 10% stake in the Italian luxury group. The transaction involves Temasek purchasing 14.1 million treasury shares at $8.95 per share, complementing their previous acquisition of 12.7 million shares from the market.
The deal will provide Zegna with $126.4 million in cash, enhancing its financial flexibility for organic growth. As part of the agreement, Temasek's Head of EMEA, Nagi Hamiyeh, is expected to join Zegna's Board of Directors in June 2026. The partnership aims to leverage Temasek's expertise in the luxury sector and Asian markets to support Zegna's global expansion.
The transaction is set to close by July 30th, 2025, strengthening Zegna's position in the high-end luxury segment while providing strategic support for its growth initiatives.Ermenegildo Zegna Group (NYSE:ZGN) has scheduled the release of its first half 2025 preliminary revenues for July 30, 2025, at 6:00 a.m. ET. The company will host a conference call at 7:30 a.m. ET on the same day, which will also be available via webcast.
The earnings presentation and press release will be accessible through the company's Investor Relations website. Interested parties can participate in the call using provided dial-in numbers for Italy, United States, and United Kingdom, with access code 063684.
Ermenegildo Zegna (NYSE:ZGN) announced the successful adoption of all resolutions at their annual general meeting held on June 26, 2025. The key highlight is the approval of a dividend distribution of EUR 0.12 per ordinary share, totaling approximately EUR 30 million.
The dividend will be paid in US dollars based on the June 26, 2025 exchange rate set by the European Central Bank. For NYSE-listed shares, the ex-date and record date are set for July 7, 2025, with payment scheduled for July 29, 2025.
Ermenegildo Zegna Group (NYSE:ZGN) reported Q1 2025 revenues of €458.8 million, showing a slight decline of -0.9% year-over-year. The Direct-to-Consumer (DTC) channel demonstrated strong performance with +5.2% growth, while wholesale declined -19.8%.
Key brand performance:
- ZEGNA brand revenues increased +3.6% to €292.9 million, with DTC up +4.7%
- Thom Browne revenues decreased -18.9% to €64.2 million due to strategic wholesale reduction
- TOM FORD FASHION grew +3.8% to €67.5 million, with strong DTC growth of +10%
Geographically, Americas showed strong growth at +9.5%, while Greater China Region declined -11.6%. The Group maintained its retail expansion with 465 directly operated stores as of March 31, 2025.
Ermenegildo Zegna Group (NYSE:ZGN) reported FY 2024 financial results with revenues reaching €1,946.6 million, up 2.2% year-over-year. The company achieved a profit of €90.9 million, down from €135.7 million in FY 2023, with profit margin decreasing to 4.7% from 7.1%.
Key highlights include:
- Adjusted EBIT of €184.0 million
- Gross profit margin improved to 66.6%
- Direct-to-consumer revenues reached 78% of branded products
- Proposed dividend of €0.12 per ordinary share
By segment, ZEGNA brand revenues grew 4.9% to €1,163.7 million, while Thom Browne declined 16.8% to €314.7 million. TOM FORD FASHION revenues increased 33.5% to €314.5 million. The company updated its mid-term targets for 2027, expecting revenues of €2,200-€2,400 million and Adjusted EBIT of €250-€300 million.
Ermenegildo Zegna Group reported FY 2024 revenues of €1,947 million, up 2.2% YoY, with Q4 2024 revenues reaching €589 million, a 3.3% increase YoY. The ZEGNA brand showed strong performance with 8.4% YoY growth in Q4, driven by robust Direct-to-Consumer (DTC) channel growth of 9.3% for the Group.
The Americas region outperformed with 14.6% YoY growth, while EMEA showed positive momentum. The Group's DTC channel represented 78% of branded products revenues. The store network expanded to 461 directly operated stores across all brands. However, the Greater China Region faced challenges with revenues declining 11.4% YoY in Q4.
Thom Browne segment revenues decreased 4.3% YoY in Q4, while TOM FORD FASHION grew 3.7% YoY. The company highlighted strong strategic developments, including the successful ZEGNA Winter 2025 fashion show featuring Vellus Aureum luxury wool products.
Monterubello, the controlling shareholder of Ermenegildo Zegna Group (NYSE:ZGN), has purchased 913,000 shares and plans to acquire an additional 2 million shares in the coming weeks. The company, owned by the Zegna family, currently holds 60% of ZGN's 252,416,479 outstanding ordinary shares as of October 31, 2024. Chairman and CEO Ermenegildo 'Gildo' Zegna stated that the family believes the current stock valuation doesn't reflect the company's true potential, citing market volatilities and uncertainty.
Ermenegildo Zegna Group reported revenues of €1.357 billion for the first nine months of 2024, a 1.7% YoY increase but a 4% organic decline. Q3 2024 revenues were €397 million, marking a 7.8% YoY decrease and a 6.7% organic decline. The ZEGNA brand saw a 3.4% YoY increase in 9M 2024 and a 0.9% YoY increase in Q3, driven by positive DTC performance, particularly in the Americas, EMEA, and Japan. Thom Browne and Tom Ford Fashion reported mixed results, with Thom Browne seeing a 21.7% YoY decline in 9M 2024 and Tom Ford Fashion showing a 54.4% YoY increase. The company noted challenges in the Greater China Region due to declining consumer confidence. Looking ahead, Zegna anticipates an uncertain environment but remains confident in its brand strength and management team.
Ermenegildo Zegna Group reported H1 2024 revenues of €960.1 million, up 6% from H1 2023. Profit was €31.3 million (3.3% margin) compared to €52.1 million in H1 2023. Adjusted EBIT reached €80.9 million with an 8.4% margin, down from 13.3% in H1 2023. The company made significant investments across its three brands:
- ZEGNA: Continued focus on One Brand Strategy
- Thom Browne: Reinforced organization at HQ and key regions
- TOM FORD FASHION: Appointed Haider Ackermann as new Creative Director
Despite challenging market conditions, the company remains confident in its long-term strategy. Gross profit margin improved to 66.4%, up 220bps from H1 2023, driven by increased DTC sales and better inventory management.