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Ermenegildo Zegna N.V. (symbol: ZGN) is a renowned luxury fashion company founded in 1910 in Trivero, Italy by Ermenegildo Zegna. The Zegna Group specializes in designing, creating, and distributing high-end menswear and accessories under the Zegna brand, as well as luxury womenswear, menswear, and accessories under the Thom Browne brand. The Group is also distinguished for its luxury textile laboratory platform, which is dedicated to preserving the artisanal mills in Italy that produce the finest fabrics.
The Zegna Group operates through three primary segments: the Zegna segment, the Thom Browne segment, and the Tom Ford Fashion segment. The Zegna segment includes Zegna Branded Products, Textile, and Third Party Brands, and it generates the majority of the company’s revenue. With over 500 stores in 80 countries globally, including 297 directly operated stores, the Group ensures that its high-quality products are accessible to a broad audience.
Over the decades, Zegna Group has transformed from a producer of superior wool fabric into a global luxury powerhouse. This growth has been marked by significant milestones, including the company’s listing on the New York Stock Exchange on December 20, 2021. The company continues to innovate and expand its offerings, maintaining a commitment to quality and craftsmanship in every product.
Recently, Zegna Group has embarked on several noteworthy projects and partnerships. These initiatives are aimed at reinforcing its market position and responding to the evolving demands of luxury consumers. Financially, the company has shown resilience and growth, reflecting its strategic operations and robust business model.
Ermenegildo Zegna N.V. (NYSE: ZGN) reported first quarter 2023 revenues of €428.3 million, reflecting a 13.4% year-over-year increase, and a robust 19.1% growth excluding Tom Ford Products. The Group's direct-to-consumer (DTC) revenues surged 24.9%, with strong performance across all regions, notably a 15.9% rise in Greater China. Zegna segment revenues grew by 12.6%, while Thom Browne recorded a 15.4% increase. The company expects to finalize its TOM FORD FASHION transaction with The Estée Lauder Companies in Q2 2023. A dividend of €0.10 per share is anticipated, amounting to approximately €25 million. Zegna aims for annual revenues exceeding €2 billion and an EBIT margin of at least 15% by 2025, contingent upon stable macroeconomic conditions.
Ermenegildo Zegna N.V. (NYSE:ZGN) reported a profit of €65.3 million and Adjusted EBIT of €157.7 million for the year ended December 31, 2022. Revenue for the year rose 15.5% year-over-year to €1,492.8 million, driven by a 42% increase excluding the COVID-19-impacted Greater China Region. Cash surplus stands at €122.2 million. The company anticipates double-digit growth for Q1 2023 and aims for €2 billion revenue and a 15% EBIT margin by 2025, not including TOM FORD FASHION. A proposed dividend of €0.10 per share marks an 11% rise year-over-year. Zegna’s strategy includes expanding its retail network and enhancing its brand identity while navigating potential global economic uncertainties.
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