Zegna Group's operating profit rises to 74.5 million in H1

Ermenegildo Zegna reported revenues of 987.3 million euros (1.15 billion dollars) in the first half, up 6 percent year-over-year and 9 percent on an organic basis. The direct-to-consumer channel drove the performance with a growth of 12 percent (+16 percent on an organic basis), accounting for 86 percent of the group's brand revenues. Meanwhile, the ongoing rationalisation of the wholesale channel across the three brands resulted in a 14.6 percent decline in wholesale revenues (-13.3 percent on an organic basis).