Italian fashion group Ermenegildo Zegna announced a robust 45% growth in adjusted operating profit for the first half, reaching €120 million ($129 million). Group revenues for the same period totaled €903 million, marking a 24% increase, as previously disclosed in July.
Chairman and Chief Executive Gildo Zegna noted the strong growth in the United States and EMEA regions but acknowledged a milder recovery in Greater China.
The group further revealed plans to host a capital market day on December 5, during which it will unveil updated medium and long-term financial objectives, including those for the Tom Ford Fashion segment.
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The Zegna Group posts a profit of €65 million amid the flourishing trend of “quiet luxury.”
Ermenegildo Zegna Group is experiencing double-digit growth in its stores, following its €1.5 billion in sales achieved last year. Despite the anticipated slowdown in the luxury sector, Chairman Gildo Zegna asserts that the recently rebranded menswear giant is strongly positioned to surpass expectations.
