Ermenegildo Zegna Group news and archive

Ermenegildo Zegna Group: Annual profit falls by one-third

The Italian fashion group Ermenegildo Zegna NV experienced a significant decline in profit in fiscal year 2024. Higher investments and write-downs, in particular, impacted the results, the parent company of the Zegna, Thom Browne, and Tom Ford Fashion brands announced on Thursday. The group had already announced in January that it was able to...

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Lelio Gavazza named Tom Ford Fashion chief executive

The Ermenegildo Zegna Group has appointed Lelio Gavazza to the newly created position of chief executive officer of Tom Ford Fashion, effective September 18. In a statement, the fashion group said that Gavazza will report to Gildo Zegna, chairman and chief executive of the Zegna Group and will be part of the senior management of the group. As...

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Zegna acquires minority stake in Norda Run

Italian luxury group Ermenegildo Zegna has confirmed that it has acquired a minority stake in Canadian technical trail-running shoe brand Norda Run. Announced during its end-of-year earnings results, Zegna said that it had taken a minority stake, with the option to gradually increase its stake in the running brand over the next nine years. In a...

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Prada and Ermenegildo Zegna buy Filati Biagioli Modesto S.p.A.

The Prada Group and Ermenegildo Zegna Group have acquired a majority shareholding in Italian company Filati Biagioli Modesto S.p.A., which specialises in cashmere and other precious yarns. In a statement, the two companies said that they have each acquired a 40 percent shareholding in Filati Biagioli Modesto S.p.A., which is based in Montale...