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.
The Estée Lauder Companies has announced its acquisition of the TOM FORD brand for $2.8 billion, with a net payment of $2.3 billion expected after a $250 million payment from Marcolin S.p.A. ELC aims to leverage this acquisition to enhance TOM FORD BEAUTY's growth potential while eliminating royalty payments. The acquisition, anticipated to close in the first half of 2023, is viewed as dilutive to adjusted diluted earnings per share for fiscal 2023 but neutral for fiscal 2024. Long-term license agreements with Ermenegildo Zegna and Marcolin will continue for fashion and eyewear, respectively.
Ermenegildo Zegna N.V. (NYSE: ZGN) reported 3Q 2022 revenues of €357 million, representing a 27.5% year-over-year increase. The year-to-date revenue reached €1.09 billion, growing 22.9% from last year. Both Zegna and Thom Browne segments exhibited strong performance in Europe, the U.S., and the Middle East, contributing to the growth. The Zegna segment produced €289 million in revenue, with Thom Browne generating €69 million, marking respective increases of 27.2% and 29.5%. The company anticipates mid-teens revenue growth for the full fiscal year amid ongoing macroeconomic challenges.
Ermenegildo Zegna N.V. (NYSE: ZGN) will release its third-quarter 2022 revenues on October 27, 2022, at 6:00 a.m. EST (12:00 p.m. CET). A conference call will follow at 8:00 a.m. ET (2:00 p.m. CET) to discuss the results and future guidance. The presentation will be accessible on the Company’s website during the call. Interested parties can join via local numbers provided, with an access code of 820223. An archived broadcast will be available on the website post-event.
Zegna Group, founded in 1910 in Italy, is a leader in luxury menswear.
Ermenegildo Zegna N.V. (ZGN) reported a revenue of €729.0 million for H1 2022, marking a 21% increase year-on-year. Adjusted EBIT rose to €82.7 million, with an adjusted EBIT margin of 11.3%. Despite a 34.8% decline in profit to €21.0 million, the company anticipates mid-teens revenue growth and a solid improvement in adjusted EBIT for the full year. The partnership with Real Madrid aims to enhance brand visibility. The Greater China Region experienced a 14% revenue decline due to COVID-19 restrictions, although June showed recovery signs.
Zegna and Real Madrid have announced a partnership making Zegna the Official Luxury Travelwear Partner for the football club. This collaboration, starting in the 2022/2023 season, will see players wearing exclusive Zegna outfits for various occasions. The partnership is built on shared values of excellence and sustainability, aiming to blend luxury leisurewear with modern style. The partnership will be celebrated with a special event in Madrid on September 30, showcasing a made-to-measure collection. Both brands, with rich histories, strive for impact and change in society.
Ermenegildo Zegna N.V. (NYSE: ZGN) will report its financial results for H1 2022 on August 26, 2022, at approximately 6:30 a.m. ET. A conference call will follow at 8:00 a.m. ET to discuss the results, trends, and guidance for 2022. Management will utilize a slide presentation during the call, available on their Investor Relations website. Interested parties can join by phone using the provided numbers. A broadcast archive will be available online post-call for twelve months.
Ermenegildo Zegna N.V. (NYSE: ZGN) announced its Annual General Meeting (AGM) set for June 28, 2022, at 2 p.m. CEST, in Amsterdam. The company intends to propose a dividend of EUR 0.09 per share, totaling approximately EUR 21.8 million. The payment, subject to shareholder approval, will be in US dollars, with an ex-date of July 5, 2022 and a payment date of July 28, 2022. Zegna's 2021 audited financial statements are available on their website for shareholders to review.
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Ermenegildo Zegna N.V. (NYSE:ZGN) reported Q1 2022 revenues of €377.6 million, a 25.4% increase year-over-year, attributed to robust sales across its Zegna and Thom Browne brands. Zegna's One Brand Strategy promotes luxury leisurewear, resulting in a strong performance in key markets, notably North America, where revenues surged 85.1%. Despite positive growth, the company cautioned about challenges posed by geopolitical tensions and COVID-19 restrictions, particularly in Greater China. The company forecasts low-teens revenue growth for 2022 and invites investors to its Capital Markets Day on May 17.
Ermenegildo Zegna N.V. (NYSE: ZGN) will report its unaudited revenues for Q1 2022 on May 5, 2022, at 6:30 a.m. ET. There will be no accompanying webcast or conference call. Additionally, the company will host a Capital Markets Day on May 17, 2022, featuring an audio webcast starting at 11:00 a.m. CET. A slide presentation will be available on the company’s website before the event. Zegna, founded in 1910, is a renowned luxury menswear and textile producer, ensuring quality through its Luxury Textile Laboratory Platform and maintaining a commitment to environmental stewardship.