Ermenegildo Zegna Group carried its momentum from last 12 months into the primary quarter, when revenues advanced 13.4 percent 428.3 million euros.
The strength was broad-based across the Zegna and Thom Browne businesses. And excluding the impact of Tom Ford — where the corporate transitioned from a licensing deal to an exclusive supplier agreement — the firm’s first-quarter revenues increased 19.1 percent.
Chairman and chief executive officer Gildo Zegna said: “We began 2023 with an encouraging upswing led by further reopening within the Greater China Region following COVID-19-related restrictions. We also saw robust growth across our business in the US and Europe driven by our own retail. For Zegna, growth was driven by a healthy increase in productivity, which is one in...
Continue reading
0 Comments
