Latest news with #ErmenegildoZegnaGroup
Business Wire
21-05-2025
- Business
- Business Wire
Ermenegildo Zegna Group Announces Publication of the Convocation Notice for Its 2025 Annual General Meeting
MILAN--(BUSINESS WIRE)--Ermenegildo Zegna N.V. (NYSE:ZGN) (the 'Company' and, together with its consolidated subsidiaries, the 'Ermenegildo Zegna Group' or the 'Group') today announced the publication of the convocation notice for its Annual General Meeting ('AGM'), which will be held on Thursday, June 26, 2025 at 2:00 p.m. CET at the Steigenberger Airport Hotel Amsterdam, Stationsplein ZW 951, 1117 CE Schiphol-Oost, the Netherlands. The convocation notice, explanatory notes, and other AGM materials, which include Ermenegildo Zegna's 2024 statutory audited financial statements, are available under the relevant section of Ermenegildo Zegna Group's corporate website at Shareholders may request a physical copy of the Company's 2024 statutory audited financial statements, free of charge, through the contacts below. In addition, as communicated on March 27, 2025, the Company's Board of Directors intends to recommend shareholders a distribution from retained earnings with respect to the financial year 2024 of €0.12 per ordinary share, resulting in a total distribution of approximately €30 million 1. The distribution will be paid in US dollars based on an exchange rate that will be published on the Group's website ( the day following the AGM. The distribution will be subject to approval by shareholders at the AGM. If the shareholders approve the proposed dividend distribution, the ex-date and the record dates will be July 7, 2025, and the payment date July 29, 2025. Key dividend information and important notice on dividend taxation will be made available on June 30, 2025 under the Stock Info section of Group's corporate website at About Ermenegildo Zegna Group Founded in 1910 in Trivero, Italy, the Ermenegildo Zegna Group (NYSE:ZGN) is a global luxury company with a leading position in the high-end menswear business. Through its three complementary brands, the Group reaches a wide range of communities and market segments across the high-end fashion industry, from ZEGNA's timeless luxury to the modern tailoring of Thom Browne, to luxury glamour with TOM FORD FASHION. The Ermenegildo Zegna Group is internationally recognized for its unique Filiera, owned and controlled by the Group, which is made up of the finest Italian textile producers fully integrated with unique luxury manufacturing capabilities, to ensure superior excellence, quality and innovation capacity. The Ermenegildo Zegna Group has more than 7,100 employees and recorded revenues of €1.95 billion in 2024. ___________________________ 1 Based on 252,579,879 issued and outstanding Ordinary Shares at March 14, 2025.
Yahoo
27-03-2025
- Business
- Yahoo
Despite Challenging Environment, Zegna Group Sees Sales Rising to Up to 2.4B Euros by 2027
MILAN – Amid market uncertainty, Ermenegildo Zegna Group is confident in its growth prospects. With its full year 2024 results, the company issued 2027 guidance of revenues in the range of 2.2 billion to 2.4 billion euros. That compares to the 1.94 billion euros in revenues in 2024. Earnings before interest and taxes, or EBIT, are expected to reach 250 million to 300 million euros by 2027. More from WWD Marcolin Sees Profitability Growth in 2024 Amid Stable Sales and Strategic Brand Expansion Getting Ready for 'The Last of Us' Season 2 Premiere With New Star Young Mazino EXCLUSIVE: Gucci Celebrates Silk Craftsmanship Legacy With Nine Artists, Assouline Book 'In 2024 we took decisive actions, strengthening our organization and prioritizing investments that are strategic in our brands,' Gildo Zegna, chairman and chief executive officer of Ermenegildo Zegna Group, said in a statement Thursday. The company's net profit narrowed to 90.9 million euros versus 135.7 million euros in 2023, penalized by a higher tax rate of 30 percent compared to just 20 percent last year. EBIT was also impacted, falling to 184 million euros versus 220.2 million euros in 2023. In terms of sales, the Zegna brand continued to be a key driver for the group last year, offset by the streamlining of the Thom Browne wholesale channel. By brand, Zegna sales rose 4.9 percent to 1.16 billion euros, while Thom Browne revenues fell 16.8 percent to 314.7 million euros. Sales of Tom Ford Fashion climbed 33.5 percent to 314.5 million euros. In 2024, the EMEA region reported 3.3 percent growth in sales to 680.2 million euros. Revenues in the Americas amounted to 524.8 million euros, up 15.4 percent. In the Greater China region, sales fell 14.5 percent to 509.4 million euros, reflecting the challenging consumer environment, in particular in mainland China. In the rest of the Asia-Pacific area, sales rose 19.4 percent to 229.9 million euros. Looking ahead, the group said that it is necessary to maintain 'a cautious approach, while also remaining committed to delivering on our projects. We will do so with discipline, agility, and a sharp focus on executing our vision while creating value for our stakeholders.' Market watchers will look for pointers on the group's fourth quarter financial performance during the financial webcast scheduled for Thursday afternoon CET. Best of WWD Harvey Nichols Sees Sales Dip, Losses Widen in Year Marred by Closures Nike Logs $1.3 Billion Profit, But Supply Chain Issues Persist Zegna Shares Start Trading on New York Stock Exchange
The National
21-02-2025
- Business
- The National
Zegna chooses Dubai to unveil first collection outside Milan
Italian luxury fashion house Zegna will present its spring/summer 2026 collection in Dubai, the first time it's doing so outside of the Milan Fashion Week calendar. To be held on June 11, the brand said the presentation will be part of a week-long programme, which will be attended by "top clients, friends of the brand, and select members of the international press". A location for the event has not been revealed. 'As a company that has always looked beyond, we are excited to bring the artistry of Made in Italy to Dubai for the first time,' said Gildo Zegna, chairman and chief executive of Ermenegildo Zegna Group. 'This is not just about a fashion show – it's about reinforcing the strength of Italian craftsmanship on a global stage. "Dubai today is the centre of the world, a place where cultures converge, ideas flourish, and the future takes shape. It embodies the energy, vision, and innovation that define modern luxury. Dubai is the perfect place for us to tell the next chapter of our story.' The historic move, Zegna added, was made with the blessing of the Camera Nazionale della Moda Italiana, the non-profit body that promotes Italian fashion and organiser of the Milan Fashion Week. "Milan will always be our home, and our partnership with Camera della Moda remains as strong as ever. But today, luxury is about movement, evolution and embracing new perspectives," Gildo Zegna said. The event will also mark the arrival of Villa Zegna, an immersive pop-up showcasing the brand's history and collections, designed in the style of founder Ermenegildo Zegna's original home. The travelling concept has made appearances in Shanghai and New York. Founded in 1910, Zegna is one of the most recognised brands in the men's clothing business today. Besides the flagship Zegna, the Ermenegildo Zegna Group also owns Thom Browne as well as Tom Ford. Speaking to The National in January, Gildo Zegna, the third generation to lead the company founded by his grandfather Ermenegildo Zegna, spoke of the importance of the Gulf markets, especially the UAE where Zegna has enjoyed a presence since 2000. 'The Gulf countries are really becoming the core for luxury," he said. "It used to be Hong Kong, but I think that the new world is here, and there is an energy here which is hard to find anywhere else."
Arab News
21-02-2025
- Business
- Arab News
Italian brand Zegna to present its Summer 2026 collection in Dubai
DUBAI: Italian fashion brand Zegna is breaking tradition by unveiling its Summer 2026 collection outside the usual Milan Fashion Week schedule, opting for Dubai as the backdrop for its runway show. The event is set for June 11. 'As a company that has always looked beyond, we are excited to bring the artistry of Made in Italy to Dubai for the first time,' said Gildo Zegna, chairman and CEO of Ermenegildo Zegna Group. 'This is not just about a fashion show — it's about reinforcing the strength of Italian craftsmanship on a global stage. Dubai today is the center of the world, a place where cultures converge, ideas flourish, and the future takes shape. It embodies the energy, vision, and innovation that define modern luxury,' Zegna added. 'Milan will always be our home, and our partnership with Camera della Moda remains as strong as ever. But today, luxury is about movement, evolution, and embracing new perspectives. Dubai is the perfect place for us to tell the next chapter of our story.' As part of the event, VILLA ZEGNA, the brand's traveling concept inspired by the original home of Ermenegildo Zegna, will also make its way to Dubai. The previous editions took place in Shanghai and New York.
