Associated tags: Fashion, Retail, Luxury, NYSE, Collection, Manufacturing, Textiles, Thom Browne, Wool, Greater China, Capital market, DTC, Adjustment, Zegna, Video game, Fashion design, Cosmetics
Locations: ITALY, EUROPE, NEW YORK, CALIFORNIA, UNITED STATES, MIDDLE EAST, AFRICA, CHINA, NORTH AMERICA, SOUTH KOREA, ASIA PACIFIC, JAPAN, UKRAINE, KOREA, TURKEY, PARIS, APAC, NETHERLANDS
Manufacturing,
Fashion,
Luxury,
Textiles,
Retail,
Thom Browne,
Yoy,
DTC,
DOS,
Calendar,
Acquisition In Q1 2024, DTC revenues were €328.0 million, + 20.4% YoY compared to €272.4 million in Q1 2023 and +3.2% on an organic growth basis.
Key Points:
- In Q1 2024, DTC revenues were €328.0 million, + 20.4% YoY compared to €272.4 million in Q1 2023 and +3.2% on an organic growth basis.
- The integration of the TOM FORD FASHION business contributed €43.7 million in DTC revenues for the quarter.
- In Q1 2024, wholesale branded revenues were €99.1 million, -11.5% YoY compared to €112.0 million in Q1 2023 (-25.9% on an organic growth basis).
- TOM FORD FASHION wholesale revenues were €21.3 million, representing 33% of total TOM FORD FASHION’s revenues.
Retrieved on:
Wednesday, January 31, 2024
Footwear,
Fashion,
Cosmetics,
Retail,
Luxury,
Manufacturing,
Textiles,
Partnership,
Growth,
DTC,
Thom Browne,
FY,
Acceleration,
Element,
Environment,
Greater China,
Capital market,
Shoe,
Marketing,
Collection,
Investment,
Saks Fifth Avenue,
Testament,
TFI,
CRM,
Acquisition,
Sale,
MTM,
Health,
Marcolin,
Webcast Ermenegildo “Gildo” Zegna, Chairman and CEO of the Zegna Group, said: “I am very proud of the Group’s success over the past year, which is demonstrated by our strong and continued revenues growth.
Key Points:
- Ermenegildo “Gildo” Zegna, Chairman and CEO of the Zegna Group, said: “I am very proud of the Group’s success over the past year, which is demonstrated by our strong and continued revenues growth.
- For the full year 2023, Zegna Group generated revenues of €1,905 million, an increase of 27.6% year-over-year.
- In the fourth quarter of 2023, the Group generated revenues of €570 million, an increase of 40.1% year-over-year.
- Revenues growth in the fourth quarter of 2023 accelerated from the 20.8% year-over-year growth reported in the third quarter of 2023 (on a constant currency basis, revenues growth was 25.0% in the third quarter, with an organic growth rate of 11.3% for the same period).
Retrieved on:
Tuesday, December 5, 2023
Fashion,
Professional Services,
Retail,
Luxury,
Specialty,
Finance,
Banking,
Oasi Zegna,
DTC,
NYSE,
EBIT,
Investment,
Tax,
Nature,
Marketing,
Capital market,
Forecasting,
EST,
Cash,
Growth,
Family,
Wool,
Security (finance),
Risk management,
Zegna Ermenegildo Zegna N.V. (NYSE:ZGN) (“Zegna Group,” “the Group,” or “the Company”) today will host its second Capital Markets Day at the New York Stock Exchange where the Group will unveil the next iteration of its strategy and its updated medium-term financial objectives, including its ambitions for Tom Ford Fashion.
Key Points:
- Ermenegildo Zegna N.V. (NYSE:ZGN) (“Zegna Group,” “the Group,” or “the Company”) today will host its second Capital Markets Day at the New York Stock Exchange where the Group will unveil the next iteration of its strategy and its updated medium-term financial objectives, including its ambitions for Tom Ford Fashion.
- Several months later, at our first Capital Markets Day held at Oasi Zegna in May 2022, we shared our medium-term financial outlook.
- Earlier this year we have added another incredible name to our portfolio: TOM FORD FASHION, which has become the third pillar of the Group.
- Zegna’s management believes that Net Financial Indebtedness/(Cash Surplus) is useful to monitor the level of net liquidity and financial resources available to Zegna.
Retrieved on:
Tuesday, October 24, 2023
Fashion,
Online Retail,
Retail,
Luxury,
Manufacturing,
Textiles,
Adjustment,
Capital market,
Nine Months,
Sale,
Growth,
Greater China,
Thom Browne,
Shoe,
NYSE,
Health,
Acquisition,
Bank statement,
Webcast,
CET,
Milan Fashion Week,
Creative,
Political lists,
Winter Spring Summer Fall (album),
DTC,
Collection,
Wool,
Fashion design,
Clothing,
Security (finance),
Cryptocurrency,
Pharmaceutical industry,
Video game,
Zegna Ermenegildo Zegna N.V. (NYSE:ZGN) (“Zegna Group,” the “Group,” “Zegna,” or the “Company”), owner of the ZEGNA and Thom Browne brands and exclusive licensee for the TOM FORD fashion business, today announced unaudited revenues of €431 million for the third quarter of 2023.
Key Points:
- Ermenegildo Zegna N.V. (NYSE:ZGN) (“Zegna Group,” the “Group,” “Zegna,” or the “Company”), owner of the ZEGNA and Thom Browne brands and exclusive licensee for the TOM FORD fashion business, today announced unaudited revenues of €431 million for the third quarter of 2023.
- 1 Throughout this press release, revenues for the third quarter of 2023 and the nine months of 2023, and comparatives thereof, are unaudited.
- Review of Revenues for the Third Quarter 2023 and the Nine Months ended September 30, 2023
In the third quarter of 2023, Zegna Group generated revenues of €431 million, an increase of 20.8% year-over-year.
- Zegna Segment: For the third quarter of 2023, revenues for the Zegna segment amounted to €298 million, growing 3.0% year-over-year and 6.0% year-over-year on a constant currency basis, with an organic growth rate of 12.7% for the quarter.
Retrieved on:
Wednesday, September 13, 2023
Manufacturing,
Fashion,
Luxury,
Textiles,
Retail,
DTC,
New York Stock Exchange,
Advertising,
Cash,
Greater China,
Capital market,
GCR,
Marketing,
Profit,
COVID-19,
Trade working capital,
Thom Browne,
Essential,
Absorption,
EBIT,
Public expenditure,
Incidence,
TFI,
Acquisition,
Collection,
Corporation,
Webcast,
Growth,
NYSE,
Video game,
Cryptocurrency,
Adjustment As reported on July 27, 2023, the Group recorded revenues of €903.1 million for the first half of 2023, up 23.9% year-over-year thanks to the strong double-digit growth seen in the Zegna (+17.9%, or 23.8% organic growth) and Thom Browne (+11.9%, or 13.6% organic growth) segments.
Key Points:
- As reported on July 27, 2023, the Group recorded revenues of €903.1 million for the first half of 2023, up 23.9% year-over-year thanks to the strong double-digit growth seen in the Zegna (+17.9%, or 23.8% organic growth) and Thom Browne (+11.9%, or 13.6% organic growth) segments.
- The Group recorded a profit margin of 5.8% for the first half of 2023, compared to 2.9% for the first half of 2022.
- The Group’s revenues for the first half of 2023, reported on July 27, 2023, showed that the Group was on this trajectory, and the full 1H 2023 results comfortably confirm that.
- The next scheduled announcement will be on October 24, 2023, in connection with the release of the Group’s 3Q 2023 revenues.
Retail,
Footwear,
Luxury,
Fashion,
Science Based Targets initiative,
Winter Spring Summer Fall (album),
Fashion week,
Acquisition,
Collection,
Investment,
Triple,
NYSE,
Casual wear,
Heart,
Science,
Lélio,
Greater China,
Capital market,
Policy,
Thom Browne,
Cosmetics,
Ermenegildo Zegna (businessman),
Name,
Piazza San Fedele,
Growth,
Longevity,
Haute couture,
Intellectual property,
COVID-19,
FORD,
Prada,
Adjustment,
Acceleration,
Social responsibility,
Partnership,
Textile,
GCR,
Bank statement,
GHG,
Sale,
The First Half of My Life,
Wool,
Video game,
Fashion design,
Clothing,
Online shopping,
Cryptocurrency,
Renewable energy,
Tourism,
Zegna,
Samsung On June 19, during Milan men’s fashion week, ZEGNA brought Oasi Zegna to Piazza San Fedele in the heart of Milan.
Key Points:
- On June 19, during Milan men’s fashion week, ZEGNA brought Oasi Zegna to Piazza San Fedele in the heart of Milan.
- On July 26, 2023, Zegna granted Give Back Beauty International SA exclusivity for the manufacture and sale of "Zegna” branded fragrances and cosmetics.
- In the second quarter of 2023, Zegna’s branded products wholesale channel showed robust growth of 42.8% year-over-year and 43.0% constant currency and organic growth.
- The Group’s 1H 2023 revenues show that the Group is on this trajectory, and the forthcoming first half 2023 and full-year 2023 results should comfortably confirm this.
Fashion,
Luxury,
Cosmetics,
Retail,
Specialty,
Marketing,
Gildo,
Bulgari,
Collection,
LVMH,
Senior management,
Greater China,
NYSE,
Ezia Gavazza,
Wool,
Fashion design,
Lélio Ermenegildo Zegna N.V. (NYSE: ZGN) (“Zegna Group,” the “Group,” “Zegna,” or the “Company”), today announced the appointment of Lelio Gavazza to the newly created position of CEO, TOM FORD FASHION, effective September 18, 2023.
Key Points:
- Ermenegildo Zegna N.V. (NYSE: ZGN) (“Zegna Group,” the “Group,” “Zegna,” or the “Company”), today announced the appointment of Lelio Gavazza to the newly created position of CEO, TOM FORD FASHION, effective September 18, 2023.
- As CEO of TOM FORD FASHION, Gavazza will be responsible for the end-to-end of the TOM FORD FASHION business, from collection development to merchandising, through production as well as retail and wholesale distribution.
- “I am delighted to welcome Lelio Gavazza as CEO, TOM FORD FASHION.
- Gavazza brings more than twenty years of experience in global luxury and luxury distribution to his role as CEO, TOM FORD FASHION.
Manufacturing,
Fashion,
Luxury,
Textiles,
Retail,
EUR,
CEST,
AGM,
NYSE,
Bank statement,
Annual general meeting Ermenegildo Zegna N.V. (NYSE: ZGN) (“Zegna”) today announced the publication of the convocation notice for its Annual General Meeting (“AGM”), which will be held on Tuesday, June 27, 2023 at 2 p.m. CEST at the Steigenberger Airport Hotel Amsterdam, Stationsplein ZW 951, 1117 CE Schiphol-Oost, the Netherlands.
Key Points:
- Ermenegildo Zegna N.V. (NYSE: ZGN) (“Zegna”) today announced the publication of the convocation notice for its Annual General Meeting (“AGM”), which will be held on Tuesday, June 27, 2023 at 2 p.m. CEST at the Steigenberger Airport Hotel Amsterdam, Stationsplein ZW 951, 1117 CE Schiphol-Oost, the Netherlands.
- Shareholders may request a physical copy of Zegna’s 2022 statutory audited financial statements, free of charge, through the contacts below.
- The distribution will be subject to approval by shareholders at the AGM to be held on June 27, 2023.
- If the shareholders approve the proposed dividend distribution, the ex-date will be July 5, 2023, the record date July 6, 2023 and the payment date July 28, 2023.
Other Retail,
Online Retail,
Manufacturing,
Luxury,
Department Stores,
Fashion,
Cosmetics,
Retail,
Textiles,
Home Goods,
Footwear,
Intellectual property,
Trademark dilution,
Calendar,
Merchandising,
FORD,
TFI,
Acquisition,
Collection,
ELC,
Fleming Companies, Inc,
Adjustment,
NYSE,
Fashion design Ermenegildo Zegna N.V. (NYSE: ZGN) (“Zegna Group,” the “Group,” “Zegna,” or the “Company”), owner of the ZEGNA™ and Thom Browne™ brands, today announced the completion of its acquisition of Tom Ford International LLC (“TFI”), the company that owns and operates the TOM FORD fashion business (“TOM FORD FASHION”).
Key Points:
- Ermenegildo Zegna N.V. (NYSE: ZGN) (“Zegna Group,” the “Group,” “Zegna,” or the “Company”), owner of the ZEGNA™ and Thom Browne™ brands, today announced the completion of its acquisition of Tom Ford International LLC (“TFI”), the company that owns and operates the TOM FORD fashion business (“TOM FORD FASHION”).
- Before the completion of the acquisition, Zegna Group already owned 15% of TFI, and in this transaction, it acquired the remaining 85%.
- Zegna Group will be in charge of the end-to-end TOM FORD FASHION business, from collection creation and development to merchandising, through to production, as well as retail and wholesale distribution.
- For the year ended December 31, 2022, TFI had revenues of €312 million.1
TOM FORD FASHION, under Zegna Group, will operate a network of approximately 50 directly operated TOM FORD stores globally.
