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Ermenegildo Zegna N V - ZGN STOCK NEWS

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 NV (ZGN) maintains its position as a global leader in luxury fashion through continuous innovation and heritage craftsmanship. This news hub provides investors and industry observers with essential updates across all company operations, from Milan's textile laboratories to international retail networks.

Access real-time information on financial performance, strategic partnerships, and product developments within ZGN's three core segments: premium menswear collections, Thom Browne's contemporary designs, and the Tom Ford Fashion portfolio. Our curated news selection helps stakeholders track manufacturing innovations, retail expansions, and sustainability initiatives central to the company's growth strategy.

Key updates include earnings report analyses, leadership announcements, and market positioning insights within the competitive luxury sector. All content undergoes rigorous verification to ensure alignment with financial disclosure standards and industry best practices.

Bookmark this page for streamlined access to ZGN's evolving narrative - where century-old textile expertise meets modern luxury market demands. Regular updates provide critical insights for evaluating the company's operational health and creative direction.

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Ermenegildo Zegna Group reported Q1 2024 revenues of €463 million, up 8% YoY, driven by the Zegna brand and the integration of Tom Ford Fashion. The Zegna segment performed well, led by the ZEGNA brand, with strong Direct-to-Consumer (DTC) channel growth. The Americas were the top-performing geographical area. Despite a decline in organic growth due to Thom Browne underperformance, the company remains optimistic about its long-term prospects.
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Ermenegildo Zegna N.V. (ZGN) reports a profit of €135.7 million for FY 2023, up 107.8% from FY 2022, with a profit margin of 7.1%. Adjusted EBIT rose to €220.2 million with an Adjusted EBIT Margin of 11.6%. The Group achieved its sustainability targets for FY 2023 and saw significant improvements in the Zegna and Thom Browne segments.
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Ermenegildo Zegna N.V. (NYSE:ZGN) reported a 27.6% increase in revenues for FY 2023, reaching €1.9 billion, with an organic growth rate of 19.3%. 4Q 2023 revenues reached €570 million, up 40.1% year-over-year, with an organic growth rate of 19.6%. The Zegna Group also announced various business expansions and partnerships, including a renewal of its eyewear licensing agreement with Marcolin and direct operations in South Korea.
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Ermenegildo Zegna N.V. (NYSE:ZGN) unveiled its updated medium-term financial objectives at the second Capital Markets Day at the New York Stock Exchange. The company aims for over 10% compounded annual growth in revenues and around 20% in Adjusted EBIT, with a strong Cash Surplus. The company sees positive momentum across brands and shares the business strategy for Tom Ford Fashion, expecting revenues to grow at a compounded average rate of over 10% in the medium term.
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Ermenegildo Zegna N.V. (NYSE:ZGN) announced unaudited revenues of €431 million for Q3 2023, up 20.8% YoY. Revenues for the first nine months of 2023 reached €1.33 billion, up 22.9% YoY. Zegna is taking over retail distribution of the ZEGNA brand in South Korea in 2024. The company's leadership team is looking forward to presenting updated financial goals at their second Capital Markets Day in December.
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Ermenegildo Zegna N.V. announces a profit of €52.1 million and a profit margin of 5.8% for H1 2023, with Adjusted EBIT of €119.9 million and an Adjusted EBIT Margin of 13.3%. Revenues increased by 23.9% to €903.1 million. The company reaffirms its mid-term targets.
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Ermenegildo Zegna N.V. (NYSE: ZGN) appoints Lelio Gavazza as the CEO of TOM FORD FASHION, effective September 18, 2023. Gavazza will oversee all aspects of the TOM FORD FASHION business, bringing over twenty years of global luxury and luxury distribution experience from LVMH Group, including key regional leadership roles at Bulgari. The appointment aims to elevate TOM FORD FASHION to the next level in global luxury, aligning with the holistic luxury strategy for the brand.
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Ermenegildo Zegna N.V. announces convocation notice for Annual General Meeting on June 27, 2023. Board of Directors recommends a distribution of EUR 0.10 per share from retained earnings for 2022, totaling approximately EUR 25 million.
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Ermenegildo Zegna N V

NYSE:ZGN

ZGN Rankings

ZGN Stock Data

1.75B
61.04M
75.74%
15.92%
0.6%
Apparel Manufacturing
Consumer Cyclical
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Italy
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