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{{other uses}} |
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{{Use dmy dates|date=October 2019}} |
{{Use dmy dates|date=October 2019}} |
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{{Infobox company |
{{Infobox company |
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| name |
| name = Ermenegildo Zegna N.V. |
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| logo |
| logo = Gruppo Zegna logo.jpg |
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⚫ | |||
| type |
| type = [[Public company|Public]] |
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| traded_as |
| traded_as = {{NYSE|ZGN}} |
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| foundation |
| foundation = {{Start date and age|1910}} in [[Trivero]], Italy |
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⚫ | |||
⚫ | | founder = [[Ermenegildo Zegna (businessman)|Ermenegildo Zegna]] |
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| location_city |
| location_city = [[Milan]] |
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| location_country = Italy |
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⚫ | | location_country = Italy {{nowrap|{{coord|45.6689|8.1610|display=inline,title}}}} |
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| area_served |
| area_served = Worldwide |
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⚫ |
| |
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| key_people = {{plainlist| |
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⚫ | |||
* Ermenegildo Zegna (CEO & chairman) |
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Thom Browne (Founder & Chief Creative Officer, Thom Browne) |
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| industry = Fashion (menswear) |
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| industry = [[Fashion industry|Fashion]] and [[Textile industry|textiles]] |
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| revenue = €1.292 billion (2021) |
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| revenue = {{increase}} €1,904 million (2023)<ref name=AR23 /> |
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| operating_income = |
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| |
| operating_income = {{increase}} €208 million (2023)<ref name=AR23 /> |
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| net_income = {{increase}} €136 million (2023)<ref name=AR23 /> |
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| assets = |
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| assets = {{increase}} €2,767 million (2023)<ref name=AR23 /> |
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| equity = |
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| equity = {{increase}} €901 million (2023)<ref name=AR23 /> |
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| owner |
| owner = Zegna family |
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| num_employees = 6,500 |
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| num_employees = 7,201 (2023)<ref name=AR23>{{Cite web |url=https://www.sec.gov/ix?doc=/Archives/edgar/data/1877787/000187778724000015/zgn-20231231.htm |title=2023 Annual Report (Form 20-F)| date=5 April 2024 |publisher=US Securities and Exchange Commission}}</ref> |
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| parent = |
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| |
| parent = |
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| divisions = |
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| subsid |
| subsid = {{flatlist| |
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* Zegna |
* Zegna |
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* Thom Browne |
* Thom Browne |
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* [[Tom Ford (brand)|Tom Ford]] |
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* Lanificio Zegna |
* Lanificio Zegna |
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* Tessitura di Novara |
* Tessitura di Novara |
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* Cappellificio Cervo |
* Cappellificio Cervo |
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}} |
}} |
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| homepage |
| homepage = {{URL|https://www.zegnagroup.com/en/|zegnagroup.com}} |
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| footnotes |
| footnotes = |
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| intl = |
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| intl = |
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}} |
}} |
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'''Zegna''' ({{IPA-it|ˈdzeɲɲa}}) is an Italian luxury fashion house. It was founded in 1910 by Ermenegildo Zegna in [[Trivero, Biella]] |
'''Ermenegildo Zegna N.V.''', also known as '''Zegna''' ({{IPA-it|ˈdzeɲɲa}}) or the '''Ermenegildo Zegna Group''', is an Italian luxury [[fashion house]]. It was founded in 1910 by Ermenegildo Zegna in [[Trivero, Biella]], in the [[Piedmont]] region of [[northern Italy]].<ref name=":0">{{Cite magazine |last=Tyrnauer |first=Matt |date=June 2010 |title=Dream Weavers |url=https://www.vanityfair.com/culture/2010/06/zegna-spotlight-201006 |others=Wayne Maser (photography) |department=Spotlight |website=[[Vanity Fair (magazine)|Vanity Fair]] |access-date=4 June 2020}}</ref> As of 2021, it is a [[public company]] that is listed on the [[New York Stock Exchange]].<ref name="Snelling">{{Cite web |last=Snelling |first=Brin |title=How Zegna, Italian Luxury Retailer, Is Reinventing Itself As A Public Company |url=https://www.forbes.com/sites/brinsnelling/2021/12/27/how-zegna-italian-luxury-retailer-is-reinventing-itself-as-a-public-company/ |access-date=2022-05-03 |website=Forbes |language=en}}</ref> |
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As of 2021, the Group is a [[public company]]. It is listed on the [[New York Stock Exchange]].<ref name="Snelling">{{Cite web |last=Snelling |first=Brin |title=How Zegna, Italian Luxury Retailer, Is Reinventing Itself As A Public Company |url=https://www.forbes.com/sites/brinsnelling/2021/12/27/how-zegna-italian-luxury-retailer-is-reinventing-itself-as-a-public-company/ |access-date=2022-05-03 |website=Forbes |language=en}}</ref> |
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==History== |
==History== |
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During the Interwar period, Zegna's business started to flourish. In the late 1920s, the Lanificio (wool mill) employed more than 700 workers,<ref name=":2" /> growing to more than 1,000 in the late 1930s.<ref name=":3">{{Cite book|title=Wise Growth Strategies in Leading Family Businesses|last=Schwass|first=Joachim|publisher=Palgrave Macmillan|year=2005|pages=17}}</ref> In 1938 the company began to export fabrics in the [[United States|US]], through its subsidiary Zegna Woollens Corporation established in New York City.<ref name=":2" /> |
During the Interwar period, Zegna's business started to flourish. In the late 1920s, the Lanificio (wool mill) employed more than 700 workers,<ref name=":2" /> growing to more than 1,000 in the late 1930s.<ref name=":3">{{Cite book|title=Wise Growth Strategies in Leading Family Businesses|last=Schwass|first=Joachim|publisher=Palgrave Macmillan|year=2005|pages=17}}</ref> In 1938 the company began to export fabrics in the [[United States|US]], through its subsidiary Zegna Woollens Corporation established in New York City.<ref name=":2" /> |
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In 1942, Ermenegildo's sons Aldo (born in 1920) and Angelo (born in 1924) entered the company, which was renamed ''Ermenegildo Zegna and Sons''.<ref name=":3" /><ref name=":4">{{Cite book|title=Wise wealth : creating it, managing it, preserving it|date=2011|publisher=Palgrave Macmillan| |
In 1942, Ermenegildo's sons Aldo (born in 1920) and Angelo (born in 1924) entered the company, which was renamed ''Ermenegildo Zegna and Sons''.<ref name=":3" /><ref name=":4">{{Cite book|title=Wise wealth : creating it, managing it, preserving it|date=2011|publisher=Palgrave Macmillan |author= Joachim Schwass |author2=Håkan Hillerström |author3=Holger Kück |author4=Colleen Lief|isbn=9780230295278|location=Basingstoke|pages=40|oclc=711993754}}</ref><ref>{{Cite book|title=Historical Dictionary of the Fashion Industry|last1=Sterlacci|first1=Francesca|last2=Arbuckle|first2=Joanne|publisher=Rowman & Littlefield|year=2017|pages=550}}</ref> In the mid-1950s, the company employed 1,400 workers.<ref name=":3" /> |
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=== Second generation === |
=== Second generation === |
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Ermenegildo Zegna's sons, Aldo and Angelo, took over the company in the mid-1960s.<ref name=":2" /> Under their guidance, the label both expanded its business to ready-made suits and established new plants and distribution |
Ermenegildo Zegna's sons, Aldo and Angelo, took over the company in the mid-1960s.<ref name=":2" /> Under their guidance, the label both expanded its business to ready-made suits and established new plants and distribution networks abroad. In 1968, the first factory producing sleeve-units and trousers was opened in [[Novara]], followed by openings in Spain, Greece, and Switzerland.<ref name=":2" /><ref name=":3" /> Sales and marketing departments were also established in France, Germany, the U.K., and the U.S.<ref name=":2" /> |
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In 1972, Zegna launched its made-to-measure service called ''Su Misura''.<ref name=":2" /> |
In 1972, Zegna launched its made-to-measure service called ''Su Misura''.<ref name=":2" /> |
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==== Acquisitions ==== |
==== Acquisitions ==== |
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Moreover, a large number of acquisitions and partnerships have been signed since the late 1990s to the present day. |
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In 2014, Zegna acquired the majority of Achill, an Australian wool farm counting about 12,500 sheep in its flock.<ref>{{Cite news|url=https://wwd.com/fashion-news/fashion-scoops/ermenegildo-zegna-group-acquires-wool-farm-7791436/|title=Ermenegildo Zegna Group Acquires Wool Farm|last=Cynthia Martens|date=9 July 2014|work=Women's Wear Daily|access-date=12 September 2019}}</ref> |
In 2014, Zegna acquired the majority of Achill, an Australian [[wool]] farm counting about 12,500 sheep in its flock.<ref>{{Cite news|url=https://wwd.com/fashion-news/fashion-scoops/ermenegildo-zegna-group-acquires-wool-farm-7791436/|title=Ermenegildo Zegna Group Acquires Wool Farm|last=Cynthia Martens|date=9 July 2014|work=Women's Wear Daily|access-date=12 September 2019}}</ref> |
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In 2016, the Group acquired a majority stake in Bonotto, a high-end textile manufacturer based in Molvena, [[Vicenza]] |
In 2016, the Group acquired a majority stake in Bonotto, a high-end textile manufacturer based in Molvena, [[Vicenza]], giving the Group the possibility to explore new areas such as furnishing and experimental fabrics.<ref>{{Cite web|url=https://www.luxury-insider.com/fashion-beauty/zegna-group-acquires-bonotto|title=Zegna Group Acquires Bonotto SpA|date=7 October 2016|website=Luxury Insider|access-date=12 September 2019}}</ref> |
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Two years later, Zegna – through its subsidiary ZECA company – took over the historic Cappellificio Cervo hat-maker.<ref>{{Cite web|url=https://wwd.com/business-news/mergers-acquisitions/ermenegildo-zegna-group-controlled-company-takes-over-italian-hattery-11120112/|title=Ermenegildo Zegna Group-Controlled Company Takes Over Italian Hattery|last=Salibian|first=Sandra|date=22 January 2018|website=Women's Wear Daily|access-date=12 September 2019}}</ref> |
Two years later, Zegna – through its subsidiary ZECA company – took over the historic Cappellificio Cervo hat-maker.<ref>{{Cite web|url=https://wwd.com/business-news/mergers-acquisitions/ermenegildo-zegna-group-controlled-company-takes-over-italian-hattery-11120112/|title=Ermenegildo Zegna Group-Controlled Company Takes Over Italian Hattery|last=Salibian|first=Sandra|date=22 January 2018|website=Women's Wear Daily|access-date=12 September 2019}}</ref> |
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In 2018, Ermenegildo Zegna Group – already present in India with three stores – together with Reliance, acquired a stake into Indian fashion designer [[Raghavendra Rathore]]'s firm.<ref>{{Cite web|url=https://timesofindia.indiatimes.com/business/india-business/desi-luxury-label-gets-global-brand-push/articleshow/64755781.cms|title=Zegna, Reliance invest in fashion designer Raghavendra Rathore|website=The Times of India|access-date=12 September 2019}}</ref> In the same year Zegna announced that they purchased 85% of the eponymously named [[Thom Browne]], a New York City-based menswear and womenswear brand, founded in 2001.<ref>{{Cite news|url=https://www.reuters.com/article/thom-browne-ma-zegna-idUSL8N1VJ57G|title=Italian tailor Ermenegildo Zegna acquires Thom Browne|date=28 August 2018|work=Reuters|access-date=12 September 2019}}</ref> |
In 2018, Ermenegildo Zegna Group – already present in India with three stores – together with Reliance, acquired a stake into Indian fashion designer [[Raghavendra Rathore]]'s firm.<ref>{{Cite web|url=https://timesofindia.indiatimes.com/business/india-business/desi-luxury-label-gets-global-brand-push/articleshow/64755781.cms|title=Zegna, Reliance invest in fashion designer Raghavendra Rathore|website=The Times of India|access-date=12 September 2019}}</ref> In the same year Zegna announced that they purchased 85% of the eponymously named [[Thom Browne]], a New York City-based menswear and womenswear brand, founded in 2001.<ref>{{Cite news|url=https://www.reuters.com/article/thom-browne-ma-zegna-idUSL8N1VJ57G|title=Italian tailor Ermenegildo Zegna acquires Thom Browne|date=28 August 2018|work=Reuters|access-date=12 September 2019}}</ref> |
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In 2019, Zegna bought a 65% stake of Italian |
In 2019, Zegna bought a 65% stake of Italian jersey fabrics manufacturer Dondi, increasing its control over the textile [[supply chain]].<ref>{{Cite web|url=https://wwd.com/business-news/mergers-acquisitions/ermenegildo-zegna-group-buys-majority-stake-in-italian-textile-firm-1203216333/|title=Ermenegildo Zegna Group Buys Majority Stake in Italian Textile Firm}}</ref><ref>{{Cite web|url=https://us.fashionnetwork.com/news/Ermenegildo-Zegna-buys-majority-stake-in-high-end-Italian-knitwear-producer-Dondi,1117795.html|title=Ermenegildo Zegna buys majority stake in high-end Italian knitwear producer Dondi|last=Muret|first=Dominique|website=FashionNetwork.com|access-date=12 September 2019}}</ref> |
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In June 2021, the Zegna Group bought a 60% majority stake in Tessitura Ubertino, a high-end fabric maker based in Piedmont |
In June 2021, the Zegna Group bought a 60% majority stake in Tessitura Ubertino, a high-end fabric maker based in [[Piedmont]].<ref name="uk.fashionnetwork.com">{{Cite web |last=UK |first=FashionNetwork com |title=Zegna buys control of top-shelf fabric maker Tessitura Ubertino |url=https://uk.fashionnetwork.com/news/Zegna-buys-control-of-top-shelf-fabric-maker-tessitura-ubertino,1307627.html |access-date=2022-05-03 |website=FashionNetwork.com |language=en-UK}}</ref> A few weeks later, Zegna also bought a 40% share in Tessitura Biagioli Modesto, an Italian spinning mill specialized in cashmere production.<ref>{{Cite web |last=US |first=FashionNetwork com |title=Prada, Zegna buy majority stake in Filati Biagioli Modesto |url=https://us.fashionnetwork.com/news/Prada-zegna-buy-majority-stake-in-filati-biagioli-modesto,1313319.html |access-date=2022-05-03 |website=FashionNetwork.com |language=en-US}}</ref> |
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==== Stock exchange listing ==== |
==== Stock exchange listing ==== |
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== Brands == |
== Brands == |
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[[File:Zegna logo.svg|thumb|Logo since 2021]] |
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=== Zegna === |
=== Zegna === |
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Zegna was founded in 1910 as a textile company (“Lanificio Zegna”) |
Zegna was founded in 1910 as a textile company (“Lanificio Zegna”).<ref>{{Cite news |last=Anzolin |first=Elisa |date=2021-12-21 |title=Italian luxury group Zegna climbs on Wall Street debut |language=en |work=Reuters |url=https://www.reuters.com/markets/europe/italian-luxury-group-zegna-debut-wall-street-3-bln-deal-2021-12-20/ |access-date=2022-05-03}}</ref> Formerly known as ''Ermenegildo Zegna'', in 2021, in parallel with the Group's stock market listing, the brand name became simply ''Zegna''. A new logo was also adopted, which recalls a road. This refers to the founder, who in the 1930s promoted the construction of a road in Piedmont, which today runs through the [[Oasi Zegna]].<ref>{{Cite web |date=2021-12-01 |title=Ermenegildo Zegna Rebrands Itself For A New Beginning |url=https://www.luxuo.com/business/business-luxury/ermenegildo-zegna-rebrands-itself-for-a-new-beginning.html |access-date=2022-08-29 |website=LUXUO |language=en-US}}</ref> |
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In 2003 Zegna entered the fragrance market.<ref>{{Cite web |title=A Legacy of Thread The Unrivaled Ermenegildo Zegna |url=https://www.grailed.com/drycleanonly/ermenegildo-zegna-master-class |access-date=2022-08-29 |website=Grailed |language=en}}</ref> Over the years, it has also signed partnerships with other major brands such as Estee Lauder, Maserati, Marcolin.<ref>{{Cite web |last=Subeditor |date=2011-04-01 |title=Ermenegildo Zegna and Estée Lauder Companies sign the Exclusive Worldwide License Fragrances agreement |url=https://www.epcnews.eu/2011/04/01/ermenegildo-zegna-and-estee-lauder-companies-sign-the-exclusive-worldwide-license-fragrances-agreement/ |access-date=2022-08-29 |website=EPCnews - European Perfumery and Cosmetics NEWS |language=en-US}}</ref><ref>{{Cite web |date=2014-09-12 |title=Zegna and Maserati Team Up to Make the Best Dressed Car Money Can Buy |url=https://www.gq.com/story/zegna-and-maserati |access-date=2022-08-29 |website=GQ |language=en-US}}</ref><ref>{{Cite news |date=2014-02-13 |title=Marcolin signs eyewear licence agreement with Zegna |language=en |work=Reuters |url=https://www.reuters.com/article/marcolin-zegna-idUSL5N0LI2FS20140213 |access-date=2022-08-29}}</ref> |
In 2003 Zegna entered the fragrance market.<ref>{{Cite web |title=A Legacy of Thread The Unrivaled Ermenegildo Zegna |url=https://www.grailed.com/drycleanonly/ermenegildo-zegna-master-class |access-date=2022-08-29 |website=Grailed |language=en}}</ref> Over the years, it has also signed partnerships with other major brands such as Estee Lauder, Maserati, Marcolin.<ref>{{Cite web |last=Subeditor |date=2011-04-01 |title=Ermenegildo Zegna and Estée Lauder Companies sign the Exclusive Worldwide License Fragrances agreement |url=https://www.epcnews.eu/2011/04/01/ermenegildo-zegna-and-estee-lauder-companies-sign-the-exclusive-worldwide-license-fragrances-agreement/ |access-date=2022-08-29 |website=EPCnews - European Perfumery and Cosmetics NEWS |language=en-US}}</ref><ref>{{Cite web |date=2014-09-12 |title=Zegna and Maserati Team Up to Make the Best Dressed Car Money Can Buy |url=https://www.gq.com/story/zegna-and-maserati |access-date=2022-08-29 |website=GQ |language=en-US}}</ref><ref>{{Cite news |date=2014-02-13 |title=Marcolin signs eyewear licence agreement with Zegna |language=en |work=Reuters |url=https://www.reuters.com/article/marcolin-zegna-idUSL5N0LI2FS20140213 |access-date=2022-08-29}}</ref> |
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Since June 2016, the artistic director of Zegna has been [[Alessandro Sartori]], who is entrusted with the creative functions of all Zegna brands and lines.<ref>{{Cite web | |
Since June 2016, the artistic director of Zegna has been [[Alessandro Sartori]], who is entrusted with the creative functions of all Zegna brands and lines.<ref>{{Cite web |author=T. H. R. Staff |date=2016-02-05 |title=Alessandro Sartori Named Ermenegildo Zegna Artistic Director |url=https://www.hollywoodreporter.com/news/general-news/alessandro-sartori-named-ermenegildo-zegna-862538/ |access-date=2022-05-03 |website=The Hollywood Reporter |language=en-US}}</ref> |
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In 2021, Zegna branded products accounted for 66% of Group revenues.<ref name=":5">{{Cite web |title=Zegna Group Announces 2021 Fiscal Year Preliminary Revenues |url=https://ir.zegnagroup.com/news/news-details/2022/Zegna-Group-Announces-2021-Fiscal-Year-Preliminary-Revenues/default.aspx |access-date=2022-05-03 |website=ir.zegnagroup.com |language=en-US}}</ref> |
In 2021, Zegna branded products accounted for 66% of Group revenues.<ref name=":5">{{Cite web |title=Zegna Group Announces 2021 Fiscal Year Preliminary Revenues |url=https://ir.zegnagroup.com/news/news-details/2022/Zegna-Group-Announces-2021-Fiscal-Year-Preliminary-Revenues/default.aspx |access-date=2022-05-03 |website=ir.zegnagroup.com |language=en-US}}</ref> |
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=== Lanificio Zegna === |
=== Lanificio Zegna === |
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Lanificio Zegna (“Zegna Wool Mill”) is located in Trivero, in the Piedmont region of Northern Italy. It was founded by Ermenegildo Zegna in 1910, when he was 18. Under the Zegna Group supervision, shorn fleeces coming from several countries are processed at the Lanificio, from raw material to finishing |
Lanificio Zegna (“Zegna Wool Mill”) is located in Trivero, in the Piedmont region of Northern Italy. It was founded by Ermenegildo Zegna in 1910, when he was 18. Under the Zegna Group supervision, shorn fleeces coming from several countries are processed at the Lanificio, from raw material to finishing.<ref>{{Cite news |last=Menkes |first=Suzy |date=2010-06-21 |title=Zegna at 100: From the Alps to the World |language=en-US |work=The New York Times |url=https://www.nytimes.com/2010/06/22/fashion/22iht-rzegna.html |access-date=2022-05-03 |issn=0362-4331}}</ref> |
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=== Tessitura di Novara === |
=== Tessitura di Novara === |
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=== Cappellificio Cervo === |
=== Cappellificio Cervo === |
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[[File:Cappellificio cervo sagliano.jpg|thumb|Cappellificio Cervo]] |
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Based in Biella, Cappellificio Cervo is a historic hattery acquired by Zegna-controlled ZECA company in 2018.<ref>{{Cite web |last=Salibian |first=Sandra |date=2018-01-22 |title=Ermenegildo Zegna Group-Controlled Company Takes Over Italian Hattery |url=https://wwd.com/business-news/mergers-acquisitions/ermenegildo-zegna-group-controlled-company-takes-over-italian-hattery-11120112/ |access-date=2022-05-03 |website=WWD |language=en-US}}</ref> |
Based in Biella, Cappellificio Cervo is a historic hattery acquired by Zegna-controlled ZECA company in 2018.<ref>{{Cite web |last=Salibian |first=Sandra |date=2018-01-22 |title=Ermenegildo Zegna Group-Controlled Company Takes Over Italian Hattery |url=https://wwd.com/business-news/mergers-acquisitions/ermenegildo-zegna-group-controlled-company-takes-over-italian-hattery-11120112/ |access-date=2022-05-03 |website=WWD |language=en-US}}</ref> |
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=== Tom Ford === |
=== Tom Ford === |
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Beginning in late 2022, Zegna designs and produces |
Beginning in late 2022, Zegna designs and produces men's and women's collections under the [[Tom Ford]] name following the sale of the brand's fragrance divisionto[[Estée Lauder Companies|Estee Lauder]]. As part of the sale, Tom Ford is signed to stay as creative director for at least a year.<ref>{{Cite web |date=2022-11-15 |title=Ermenegildo Zegna Group to Enter a Long-Term License for Tom Ford Fashion With the Estée Lauder Companies |url=https://www.businesswire.com/news/home/20221115006446/en/Ermenegildo-Zegna-Group-to-Enter-a-Long-Term-License-for-Tom-Ford-Fashion-With-the-Est%C3%A9e-Lauder-Companies |access-date=2023-02-07 |website=www.businesswire.com |language=en}}</ref> |
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== Financial data == |
== Financial data == |
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In 2021, the Group has become a public company. Consequently, Ermenegildo (Gildo) Zegna, grandson of founder Ermenegildo, took on the role of chairman in addition to CEO, while his cousin Paolo Zegna joined the board of directors.<ref>{{Cite web |title=Board of directors {{!}} Ermenegildo Zegna Group |url=https://www.zegnagroup.com/en/corporate-governance/board-of-directors/ |access-date=2022-05-03 |website=Zegna Group |language=en-US}}</ref> |
In 2021, the Group has become a public company. Consequently, Ermenegildo (Gildo) Zegna, grandson of founder Ermenegildo, took on the role of chairman in addition to CEO, while his cousin Paolo Zegna joined the board of directors.<ref>{{Cite web |title=Board of directors {{!}} Ermenegildo Zegna Group |url=https://www.zegnagroup.com/en/corporate-governance/board-of-directors/ |access-date=2022-05-03 |website=Zegna Group |language=en-US}}</ref> |
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== |
== Advertising == |
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A number of actors and models have advertised Zegna's lines through the years. Celebrities featured in Zegna's advertising campaigns include Oscar-winning actor [[Adrien Brody]],<ref>{{Cite web|url=https://www.vogue.co.uk/article/getting-brody|title=GETTING BRODY|website=British Vogue|access-date=12 September 2019}}</ref> American model Ryan Burns,<ref>{{Cite web|url=https://www.gq.com/story/my-morning-routine-male-model-ryan-burns|title=My Morning Routine: Male Model Ryan Burns|last=Dold|first=Kristen|date=14 October 2013|work=GQ}}</ref> Irish actor [[Jamie Dornan]],<ref>{{Cite web|url=http://www.out.com/fashion/truman-says/2013/11/13/model-jamie-dornan-ermenegildo-zegna-spring-14-stefano-pilati|title=Model Watch: Jamie Dornan For Ermenegildo Zegna Couture|date=14 November 2013|website=out.com|access-date=12 September 2019}}</ref> English actor [[Sam Riley]].<ref>{{Cite web|url=https://www.vogue.co.uk/gallery/sam-riley-models-ermenegildo-zegna-autumn-winter-2015-campaign|title=The Life Of Riley|last=Kilcooley-O'Halloran|first=Scarlett|date=30 May 2014|website=British Vogue|access-date=12 September 2019}}</ref> |
A number of actors and models have advertised Zegna's lines through the years. Celebrities featured in Zegna's advertising campaigns include Oscar-winning actor [[Adrien Brody]],<ref>{{Cite web|url=https://www.vogue.co.uk/article/getting-brody|title=GETTING BRODY|website=British Vogue|access-date=12 September 2019}}</ref> American model Ryan Burns,<ref>{{Cite web|url=https://www.gq.com/story/my-morning-routine-male-model-ryan-burns|title=My Morning Routine: Male Model Ryan Burns|last=Dold|first=Kristen|date=14 October 2013|work=GQ}}</ref> Irish actor [[Jamie Dornan]],<ref>{{Cite web|url=http://www.out.com/fashion/truman-says/2013/11/13/model-jamie-dornan-ermenegildo-zegna-spring-14-stefano-pilati|title=Model Watch: Jamie Dornan For Ermenegildo Zegna Couture|date=14 November 2013|website=out.com|access-date=12 September 2019}}</ref> English actor [[Sam Riley]].<ref>{{Cite web|url=https://www.vogue.co.uk/gallery/sam-riley-models-ermenegildo-zegna-autumn-winter-2015-campaign|title=The Life Of Riley|last=Kilcooley-O'Halloran|first=Scarlett|date=30 May 2014|website=British Vogue|access-date=12 September 2019}}</ref> |
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Zegna also produced a four-part series of short films titled ''A Rose Reborn'', directed by Park Chan-wook in 2014.<ref>{{Cite web|url=https://www.esquire.com/style/mens-fashion/a30512/esq-a-rose-reborn-102314/|title=Ermenegildo Zegna Made a Fashion Film and It's Amazing|last=Luecke|first=Andrew D.|date=23 October 2014|work=Esquire}}</ref><ref>{{Cite web|url=https://www.fashionbeans.com/2014/ermenegildo-zegna-a-rose-reborn/|title=Ermenegildo Zegna: A Rose Reborn|last=Burbano|first=Cristian|date=30 July 2014|work=Fashion Beams}}</ref> |
Zegna also produced a four-part series of short films titled ''A Rose Reborn'', directed by Park Chan-wook in 2014.<ref>{{Cite web|url=https://www.esquire.com/style/mens-fashion/a30512/esq-a-rose-reborn-102314/|title=Ermenegildo Zegna Made a Fashion Film and It's Amazing|last=Luecke|first=Andrew D.|date=23 October 2014|work=Esquire}}</ref><ref>{{Cite web|url=https://www.fashionbeans.com/2014/ermenegildo-zegna-a-rose-reborn/|title=Ermenegildo Zegna: A Rose Reborn|last=Burbano|first=Cristian|date=30 July 2014|work=Fashion Beams}}</ref> |
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==Sustainability commitment== |
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During the 1930s, founder Ermenegildo Zegna actively promoted social facilities in his native town Trivero.<ref name=":2"/> Before the advent of popular ecology, he also planted thousands of trees and financed the panoramic road which was named after him.<ref name="Preston"/><ref>{{Cite web|url=https://www.discoverbiella.com/en/64-oasi-zegna|title=Oasi Zegna {{!}} Discover Biella|website=www.discoverbiella.com|access-date=12 September 2019}}</ref><ref>{{Cite book|title=Perpetuating the family business : 50 lessons learned from long lasting, successful families ... in business.|last=Ward, J.|date=2014|publisher=Palgrave Macmillan|isbn=978-1349516988|location=[Place of publication not identified]|pages=136|oclc=951524025}}</ref> Coherently with the founder's commitment towards sustainability, in 1993 Ermenegildo Zegna Group created the [[Oasi Zegna]], a protected natural area of 100 km<sup>2</sup> in the mountains surrounding Trivero. In 2014 the Oasi was granted the patronage of [[Fondo Ambiente Italiano|FAI Fondo Ambiente Italiano]], the National Trust of Italy.<ref>{{Cite web|url=https://www.grandigiardini.it/lang_EN/giardini-scheda.php?id=213|title=Oasi Zegna {{!}} GRANDI GIARDINI ITALIANI|website=www.grandigiardini.it|access-date=12 September 2019}}</ref> |
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In 2000 a charity organization, Fondazione Zegna, was set up by the Zegna family with the aim of giving continuity to the founder's thought that quality and dedication can live in harmony with the protection of the natural environment, social welfare and cultural development.<ref>{{Cite web |title=Identity {{!}} Fondazione Zegna |url=https://www.fondazionezegna.org/en/identity/ |access-date=2022-05-03 |language=en-US}}</ref> |
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Among the educational projects supported by Fondazione Zegna there is the Ermenegildo Zegna Founder's Scholarship, a program aimed to give continuity to the Zegna family's sense of responsibility through a commitment to donating 25 euro million over 25 years. The program provides €1million annually to enable talented Italian graduates to pursue international postgraduate studies, while encouraging them to return to Italy upon completion of their programs abroad.<ref>{{Cite web|url=https://www.vogue.it/en/talents/contests-and-more/2014/02/ermenegildo-zegna-founder-s-scholarship|title=Ermeengildo Zegna Founder's Scholarship}}</ref><ref>{{Cite web|url=https://wwd.com/business-news/business-features/ermenegildo-zegna-founders-scholarship-celebrates-fifth-anniversary-1202759280/|title=Ermenegildo Zegna Founder's Scholarship Celebrates Fifth Anniversary}}</ref> |
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In 2019, the Zegna Group launched #UseTheExisting, a project that gives new life to used fabrics and creates new ones from surplus fibers and offcuts, in order to completely reduce waste.<ref>{{Cite web |title=Mr Alessandro Sartori Talks Progress And Preservation At Ermenegildo Zegna |url=https://www.mrporter.com/en-us/journal/fashion/exclusive-interview-alessandro-sartori-ermenegildo-zegna-10270188}}</ref><ref>{{Cite web |last=Salibian |first=Sandra |date=2020-08-25 |title=Ermenegildo Zegna Keeps Sustainability Close at Heart With Project |url=https://wwd.com/fashion-news/fashion-scoops/ermenegildo-zegna-keeps-sustainability-close-at-heart-with-project-1203704811/ |access-date=2022-05-03 |website=WWD |language=en-US}}</ref> The project was awarded the Italian ADI Design Index 2020 Innovation Award.<ref>{{Cite web |title=ADI - Associazione per il Disegno Industriale |url=https://www.adi-design.org/il-premio-per-l-innovazione-adi-design-index.html |access-date=2022-05-03 |website=www.adi-design.org}}</ref> |
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The Zegna Group is one of the signatories of the Fashion Pact, a plan signed by 32 major fashion brands to reduce their environmental impact.<ref>{{Cite web |title=From Armani to Zegna: 32 Major Luxury Brands Sign a Landmark Sustainability Pact |url=https://www.yahoo.com/lifestyle/armani-zenga-32-major-luxury-170001139.html |access-date=2022-05-03 |website=www.yahoo.com |language=en-US}}</ref> The Pact was presented at the [[45th G7 summit]] in Biarritz on August 26, 2019.<ref>{{Cite web |title=Ermenegildo Zegna, Mango and more sign up to the Fashion Pact |url=https://www.esquireme.com/style/fashion/40438-mango-signs-up-to-the-fashion-pact}}</ref> |
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==References== |
==References== |
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== External links == |
== External links == |
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* {{official website|http://www.zegna.com}} |
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* [http://content.time.com/time/specials/packages/article/0,28804,1844947_1844957_1845397,00.html "A Zegna Meditation"], Sarah Raper Larenaudie, ''[[Time (magazine)|Time]]'', 29 September 2008 |
* [http://content.time.com/time/specials/packages/article/0,28804,1844947_1844957_1845397,00.html "A Zegna Meditation"], Sarah Raper Larenaudie, ''[[Time (magazine)|Time]]'', 29 September 2008 |
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[[Category:Companies listed on the New York Stock Exchange]] |
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Ermenegildo Zegna Group | |
Company type | Public |
NYSE: ZGN | |
Industry | Fashion and textiles |
Founded | 1910; 114 years ago (1910)inTrivero, Italy |
Founder | Ermenegildo Zegna |
Headquarters | , |
Area served | Worldwide |
Key people |
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Revenue | ![]() |
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Total assets | ![]() |
Total equity | ![]() |
Owner | Zegna family |
Number of employees | 7,201 (2023)[1] |
Subsidiaries |
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Website | zegnagroup.com |
Ermenegildo Zegna N.V., also known as Zegna (Italian pronunciation: [ˈdzeɲɲa]) or the Ermenegildo Zegna Group, is an Italian luxury fashion house. It was founded in 1910 by Ermenegildo Zegna in Trivero, Biella, in the Piedmont region of northern Italy.[2] As of 2021, it is a public company that is listed on the New York Stock Exchange.[3]
Prior to the founding of the company, founder Ermenegildo Zegna's father Angelo – a former watchmaker – owned a wool mill and looms in the AlpsofPiedmont, Italy.[4] Ermenegildo, together with his brothers Edoardo and Mario, founded the company in 1910 in Trivero in the Biellese Alps when he was only 18, utilizing his father's looms and assets.[5][6] In 1915 the company was renamed Fratelli Zegna di Angelo.[7]
Zegna's vision was to create high-quality fabrics, so he began to source wool directly from several countries around the world, such as Mongolia, Australia, South Africa;[6] he also bought modern machinery from England.[2]
During the Interwar period, Zegna's business started to flourish. In the late 1920s, the Lanificio (wool mill) employed more than 700 workers,[6] growing to more than 1,000 in the late 1930s.[8] In 1938 the company began to export fabrics in the US, through its subsidiary Zegna Woollens Corporation established in New York City.[6]
In 1942, Ermenegildo's sons Aldo (born in 1920) and Angelo (born in 1924) entered the company, which was renamed Ermenegildo Zegna and Sons.[8][9][10] In the mid-1950s, the company employed 1,400 workers.[8]
Ermenegildo Zegna's sons, Aldo and Angelo, took over the company in the mid-1960s.[6] Under their guidance, the label both expanded its business to ready-made suits and established new plants and distribution networks abroad. In 1968, the first factory producing sleeve-units and trousers was opened in Novara, followed by openings in Spain, Greece, and Switzerland.[6][8] Sales and marketing departments were also established in France, Germany, the U.K., and the U.S.[6]
In 1972, Zegna launched its made-to-measure service called Su Misura.[6]
Zegna's attention to wool quality continued through 1960s and 1970s, as the company established the Wool Awards in Australia (1963) and the Mohair Trophy in South Africa (1970).[11][12]
The international development strategy run by the Zegna brothers brought to the openings of the first owned boutique in Paris in 1980, followed by Milan in 1985.[8] In 1991 Zegna became the first luxury label to open a store in China.[13]
During the 1990s, the third generation of the Zegna family entered the business. Angelo's son, and namesake of the company's founder, Ermenegildo "Gildo" Zegna, became CEO of the Group in 1997;[14] his cousin Paolo became the chairman.[5] Under their governance, the company began a strategy of brand extension and full verticalization.[8][9]
In 1991 Zegna was the first luxury brand to enter the China market, with a flagship store in Beijing;[15] and one of the first to access the Indian market.[16]
In 2008, the Group established its new headquarters in Milan, in a building designed by architects Antonio Citterio and Gianmaria Beretta.
In 2014, Zegna acquired the majority of Achill, an Australian wool farm counting about 12,500 sheep in its flock.[17]
In 2016, the Group acquired a majority stake in Bonotto, a high-end textile manufacturer based in Molvena, Vicenza, giving the Group the possibility to explore new areas such as furnishing and experimental fabrics.[18]
Two years later, Zegna – through its subsidiary ZECA company – took over the historic Cappellificio Cervo hat-maker.[19]
In 2018, Ermenegildo Zegna Group – already present in India with three stores – together with Reliance, acquired a stake into Indian fashion designer Raghavendra Rathore's firm.[20] In the same year Zegna announced that they purchased 85% of the eponymously named Thom Browne, a New York City-based menswear and womenswear brand, founded in 2001.[21]
In 2019, Zegna bought a 65% stake of Italian jersey fabrics manufacturer Dondi, increasing its control over the textile supply chain.[22][23]
In June 2021, the Zegna Group bought a 60% majority stake in Tessitura Ubertino, a high-end fabric maker based in Piedmont.[24] A few weeks later, Zegna also bought a 40% share in Tessitura Biagioli Modesto, an Italian spinning mill specialized in cashmere production.[25]
In 2021, Zegna agreed to go public by combining with a US special-purpose acquisition company launched by European private equity group Investindustrial.[26]
On December 20, 2021, the Zegna Group went public in New York with a valuation of $3.1 billion.[3] It is the first Italian fashion company to be listed in New York.[27]
Zegna was founded in 1910 as a textile company (“Lanificio Zegna”).[28] Formerly known as Ermenegildo Zegna, in 2021, in parallel with the Group's stock market listing, the brand name became simply Zegna. A new logo was also adopted, which recalls a road. This refers to the founder, who in the 1930s promoted the construction of a road in Piedmont, which today runs through the Oasi Zegna.[29]
In 2003 Zegna entered the fragrance market.[30] Over the years, it has also signed partnerships with other major brands such as Estee Lauder, Maserati, Marcolin.[31][32][33]
Since June 2016, the artistic director of Zegna has been Alessandro Sartori, who is entrusted with the creative functions of all Zegna brands and lines.[34]
In 2021, Zegna branded products accounted for 66% of Group revenues.[35]
Thom Browne is a New York City-based luxury fashion brand, founded by American designer Thom Browne.[36] Ermenegildo Zegna Group acquired an 85% stake in Thom Browne in August 2018, at a $500 million valuation.[37]
The brand is offered in some 300 stores in 40 countries; in 2021, it accounted for 20% of Group revenues.[35]
Lanificio Zegna (“Zegna Wool Mill”) is located in Trivero, in the Piedmont region of Northern Italy. It was founded by Ermenegildo Zegna in 1910, when he was 18. Under the Zegna Group supervision, shorn fleeces coming from several countries are processed at the Lanificio, from raw material to finishing.[38]
Tessitura di Novara is a silk-weaving company acquired by Zegna in 2009.[39]
Founded in 1960, Pettinatura di Verrone is a combing mill based in the textile district of Biella.[40] In 2009, Zegna acquired a 15% stake of the company.[41]
Originally founded in 1912 as a straw hats maker,[42] Bonotto was converted in a textile manufacturer by Nicla Donazzan and Luigi Bonotto in 1972.[43] In 2016, Zegna Group acquired a controlling stake in the company.[44] Bonotto is known for following a “slow factory” model, aiming at craftsmanship and rejecting standardization and low cost chain production.[42]
Based in the Carpi textile hub, near Modena, Dondi was founded in the 1970s as Dondi Jersey and is a renowned manufacturer of high-end knitwear for men and women.[45] In July 2019, the Zegna group acquired a 65% stake in Dondi, while the remaining 35% is retained by the Dondi Capelli family who still runs the business.[46]
Tessitura Ubertino is a fabric maker specialized in high-end fabrics for womenswear, such as tweed and jacquard. It was founded in 1981 and is based near Biella. In June 2021, the Ermenegildo Zegna Group acquired a 60% stake in the company; the two sons of founder Adalgiso Ubertino have retained a 40% stake.[24]
In 2021 Zegna Group and Prada Group jointly acquired the majority shareholding in Filati Biagioli Modesto, a company specialized in cashmere and other noble yarns.[47] Zegna CEO Gildo Zegna was appointed chairman.[48]
Based in Biella, Cappellificio Cervo is a historic hattery acquired by Zegna-controlled ZECA company in 2018.[49]
Beginning in late 2022, Zegna designs and produces men's and women's collections under the Tom Ford name following the sale of the brand's fragrance division to Estee Lauder. As part of the sale, Tom Ford is signed to stay as creative director for at least a year.[50]
Ermenegildo Zegna Group is the largest menswear brand in the world by revenue.[51][52] As of 2021, Ermenegildo Zegna operated over 500 retail stores across the world.[53] Following the company's strongly export-oriented strategy, exports account for over 90% of total sales.[54][55]
Years | 2018 | 2019 | 2020 | 2021 |
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Revenue | 1,159 | 1,321 | 1,014 | 1,292 |
Net income | 34 | 25.4 | -46.5 | 75.3 |
In 2021, the Group has become a public company. Consequently, Ermenegildo (Gildo) Zegna, grandson of founder Ermenegildo, took on the role of chairman in addition to CEO, while his cousin Paolo Zegna joined the board of directors.[56]
A number of actors and models have advertised Zegna's lines through the years. Celebrities featured in Zegna's advertising campaigns include Oscar-winning actor Adrien Brody,[57] American model Ryan Burns,[58] Irish actor Jamie Dornan,[59] English actor Sam Riley.[60]
In 2017, Ermenegildo Zegna launched a four-chapter campaign called Defining Moments.[61] The campaign featured Robert De Niro, McCaul Lombardi, Benjamin Millepied, Park Chan-wook, Yoo Ji-tae, Wang Deshun, Sunny Wang, Javier Bardem, Dev Patel.[62] The first three chapters were directed by Craig McDean; the last one was directed by Luca Guadagnino.[63]
In 2019 Zegna launched the new "What does it mean to be a man today?", campaign, featuring Mahershala Ali and Nicholas Tse, focused on the definition of modern masculinity.[64]
Zegna also produced a four-part series of short films titled A Rose Reborn, directed by Park Chan-wook in 2014.[65][66]
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