Welcome to our dedicated page for Ermenegildo Zegna news (Ticker: ZGN), a resource for investors and traders seeking the latest updates and insights on Ermenegildo Zegna 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 N.V. (NYSE:ZGN) reported preliminary FY 2022 revenues of €1,493 million, reflecting a 15.5% year-over-year increase. Excluding the Greater China Region (GCR), revenues soared 42% year-over-year. However, Q4 2022 revenues dipped slightly to €407 million, a 0.5% decline from the previous year, largely due to COVID-related restrictions in GCR. The Group announced a successful performance across markets, particularly in North America and EMEA, despite challenges. Key highlights include a new partnership with Norda Run and the completion of the acquisition of the TOM FORD fashion business, aiming to bolster their long-term strategy.
Ermenegildo Zegna N.V. (NYSE: ZGN) has signed a long-term licensing agreement with The Estée Lauder Companies for the TOM FORD fashion brand, contingent upon ELC's acquisition of TOM FORD. This 20-year license includes an automatic 10-year renewal under specific performance conditions. Zegna aims to enhance TOM FORD's luxury positioning while acquiring necessary operations to fulfill its licensing duties. The deal, expected to close in Q2 2023, will be financed with cash on hand and is expected to be accretive to earnings within the first year.
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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