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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.

Rhea-AI Summary

Zegna and Real Madrid have announced a partnership making Zegna the Official Luxury Travelwear Partner for the football club. This collaboration, starting in the 2022/2023 season, will see players wearing exclusive Zegna outfits for various occasions. The partnership is built on shared values of excellence and sustainability, aiming to blend luxury leisurewear with modern style. The partnership will be celebrated with a special event in Madrid on September 30, showcasing a made-to-measure collection. Both brands, with rich histories, strive for impact and change in society.

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Ermenegildo Zegna N.V. (NYSE: ZGN) will report its financial results for H1 2022 on August 26, 2022, at approximately 6:30 a.m. ET. A conference call will follow at 8:00 a.m. ET to discuss the results, trends, and guidance for 2022. Management will utilize a slide presentation during the call, available on their Investor Relations website. Interested parties can join by phone using the provided numbers. A broadcast archive will be available online post-call for twelve months.

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Rhea-AI Summary

Ermenegildo Zegna N.V. (NYSE: ZGN) announced its Annual General Meeting (AGM) set for June 28, 2022, at 2 p.m. CEST, in Amsterdam. The company intends to propose a dividend of EUR 0.09 per share, totaling approximately EUR 21.8 million. The payment, subject to shareholder approval, will be in US dollars, with an ex-date of July 5, 2022 and a payment date of July 28, 2022. Zegna's 2021 audited financial statements are available on their website for shareholders to review.

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Rhea-AI Summary

Ermenegildo Zegna N.V. (NYSE:ZGN) reported Q1 2022 revenues of €377.6 million, a 25.4% increase year-over-year, attributed to robust sales across its Zegna and Thom Browne brands. Zegna's One Brand Strategy promotes luxury leisurewear, resulting in a strong performance in key markets, notably North America, where revenues surged 85.1%. Despite positive growth, the company cautioned about challenges posed by geopolitical tensions and COVID-19 restrictions, particularly in Greater China. The company forecasts low-teens revenue growth for 2022 and invites investors to its Capital Markets Day on May 17.

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Rhea-AI Summary

Ermenegildo Zegna N.V. (NYSE: ZGN) will report its unaudited revenues for Q1 2022 on May 5, 2022, at 6:30 a.m. ET. There will be no accompanying webcast or conference call. Additionally, the company will host a Capital Markets Day on May 17, 2022, featuring an audio webcast starting at 11:00 a.m. CET. A slide presentation will be available on the company’s website before the event. Zegna, founded in 1910, is a renowned luxury menswear and textile producer, ensuring quality through its Luxury Textile Laboratory Platform and maintaining a commitment to environmental stewardship.

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Rhea-AI Summary

Ermenegildo Zegna N.V. (NYSE:ZGN) reported strong 2021 results, exceeding its financial Plan by achieving €1,292 million in revenues, up 27% from 2020. Adjusted EBIT reached €149 million, with a margin of 11.5%, surpassing guidance. However, the company recorded a net loss of €128 million due to non-cash adjustments, leading to an adjusted diluted loss per share of €0.67. For 2022, Zegna confirmed a positive outlook with low-teens revenue growth and improved EBIT.

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Ermenegildo Zegna N.V. (NYSE: ZGN) will release its full year 2021 financial statements on April 6, 2022, after market close. A conference call is scheduled for April 7, 2022, at 8:00 a.m. ET to discuss the results and 2022 guidance. The company will conduct a Capital Markets Day on May 17, 2022, with details available on their investor relations website. Webcast access will be provided during the conference call, and an archive will be available for twelve months.

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Rhea-AI Summary

Ermenegildo Zegna N.V. (NYSE: ZGN) reported preliminary revenues for FY 2021 of €1,292 million, a 27% increase year-over-year. Zegna branded products grew 33% to €847 million, while Thom Browne saw a 47% increase, reaching €263 million. The Group's retail revenues grew by 39% to €851 million. Adjusted EBIT margin for 2021 is projected at around 10%. For 2022, the company expects continued revenue growth in the low-teens and further improvement in the adjusted EBIT margin. The 2022 collections will mark the last use of fur for both Zegna and Thom Browne.

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Ermenegildo Zegna N.V. (NYSE: ZGN) will report its unaudited revenues for full-year 2021 on February 1, 2022, at 6:30 a.m. ET. A conference call discussing the results, trends, and 2022 guidance will follow at 8:30 a.m. ET. A slide presentation will accompany the call, available on the Company's Investor Relations website. Participants can join via various dial-in options provided, with an access code of 170714. An online archive of the call will be available for 12 months afterward.

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Ermenegildo Zegna N V

NYSE:ZGN

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