Ermenegildo Zegna N.V., together with its subsidiaries, designs, manufactures, markets, and distributes luxury menswear, footwear, leather goods, and other accessories under the Zegna and the Thom Browne brands. It provides luxury leisurewear for men; formal suits, tuxedos, shirts, blazers, formal overcoats, and accessories; leather accessories comprising shoes, bags, belts, and small leather accessories; and fragrances. The company also offers luxury womenswear and childrenswear under the Thom Browne brand, as well as provides eyewear, cufflinks and jewelry, watches, underwear, and beachwear manufactured by third parties under licenses. It serves customers through its retail stores and online channels in Europe, the Middle East, Africa, North America, Latin America, the Asia Pacific, and internationally. The company was founded in 1910 and is based in Trivero, Italy. Ermenegildo Zegna N.V. is a subsidiary of Monterubello Societa' Semplice.
IPO Year: 2021
Exchange: NYSE
Website: https://www.zegna.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/18/2025 | $10.00 | Hold | TD Cowen |
| 1/16/2025 | Neutral → Buy | BofA Securities | |
| 11/22/2024 | $7.20 | Underweight | Morgan Stanley |
| 9/23/2024 | $13.00 → $9.80 | Buy → Neutral | BofA Securities |
| 1/11/2024 | Neutral → Buy | Goldman | |
| 10/12/2023 | $11.60 | Underperform | Exane BNP Paribas |
| 9/25/2023 | $16.00 → $16.50 | Neutral → Buy | BofA Securities |
| 9/20/2022 | $13.00 | Buy | BofA Securities |
| 4/29/2022 | $11.00 | Neutral | UBS |
| 2/7/2022 | $12.00 | Neutral | Goldman Sachs |
Group's Q1 2025 revenues came in at €458.8 million, -1% Year-on-Year (YoY) and organic, with ZEGNA and TOM FORD FASHION up 4% YoY Direct-to-Consumer (DTC) channel continued to be a key growth driver, delivering a +5% YoY: ZEGNA +5% YoY Thom Browne +4% YoY TOM FORD FASHION +10% YoY Wholesale performance, at -20% YoY, reflected the strategic decision, at Thom Browne, to streamline the channel and, across all brands, to convert some stores into DTC The Americas saw 9% YoY growth in revenues for the quarter Ermenegildo Zegna N.V. (NYSE:ZGN) (the "Company" and, together with its consolidated subsidiaries, the "Ermenegildo Zegna Group" or the "Group") today announced unaudited re
Revenues reached €1,946.6 million, up 2.2% YoY from €1,904.5 million in FY 2023, +3.4% at constant currency, -1.9% organic1 Profit of €90.9 million, compared to €135.7 million in FY 2023. Profit performance in FY 2024 also reflects a normalized 30% effective tax rate compared to 20% in FY 2023 Gross profit margin rose to 66.6% Adjusted EBIT1 of €184.0 million Proposed dividend per ordinary share of €0.12 Strategic investments in talent acquisition, store network and marketing continued throughout the year, laying the foundations for sustainable growth at ZEGNA, Thom Browne and TOM FORD FASHION Mid-term targets updated Ermenegildo Zegna N.V. (NYSE:ZGN) (the "Company" and, toge
FY 2024 revenues grew 2.2% YoY to €1,947 million. Q4 2024 revenues rose to €589 million (+3.3% YoY): ZEGNA brand revenues recorded +8.4% YoY growth Direct-to-Consumer (DTC) channel drove the Group's performance, +9.3% YoY for the Group and +10.5% YoY for ZEGNA brand Americas (+14.6% YoY) outperformed other geographies driven by ZEGNA brand Ermenegildo Zegna N.V. (NYSE:ZGN) (the "Company" and, together with its consolidated subsidiaries, the "Ermenegildo Zegna Group" or the "Group") today announced unaudited revenues of €1,946.6 million for fiscal year 2024, +2.2% YoY from €1,904.5 million in fiscal year 2023 (+3.4% at constant currency and -1.9% organic). Revenues in the f
Ermenegildo Zegna N.V. (NYSE:ZGN) (the "Company" and, together with its consolidated subsidiaries, the "Ermenegildo Zegna Group" or the "Group") was informed today that Monterubello s.s. ("Monterubello"), as of November 11, 2024, purchased 913,000 ZGN shares in the market and that it intends to buy a further two million ZGN shares in the market in the coming weeks. "Our family firmly believes that the purchase of additional shares in the Ermenegildo Zegna Group represents a very strong investment," said Ermenegildo "Gildo" Zegna, Chairman of Monterubello and Chairman and CEO of the Ermenegildo Zegna Group. "Given market volatilities and uncertainty, the Zegna family believes that the Grou
9M 2024 revenues grew 2% Year-on-Year (YoY), +3% at constant currency and -4% organic2. Q3 2024 revenues were €397 million, -8% YoY, -6% constant currency and -7% organic: ZEGNA brand recorded a positive performance of +1% YoY and +3% organic. Positive DTC performance (+1% YoY and organic) was mainly driven by ZEGNA DTC supported by double-digit growth in the Americas and EMEA. The Americas, EMEA, and Japan outperformed the other regions. Ermenegildo Zegna N.V. (NYSE:ZGN) (the "Company" and, together with its consolidated subsidiaries, the "Ermenegildo Zegna Group" or the "Group") today announced unaudited revenues of €1,357.4 million for the first nine months of 2024, +1.7% Yo
Revenues of €960.1 million, up 6% from H1 2023 (+8% at constant currency and -2.7% organic1) Profit of €31.3 million (3.3% profit margin) compared to €52.1 million in H1 2023 (5.8% profit margin) Gross profit margin of 66.4% up 220bps from 64.2% in H1 2023 Adjusted EBIT1 of €80.9 million with an Adjusted EBIT Margin of 8.4% (13.3% in H1 2023) Important investments to further strengthen Group's brands concentrated in H1 2024 Ermenegildo Zegna N.V. (NYSE:ZGN) (the "Company" and, together with its consolidated subsidiaries, the "Ermenegildo Zegna Group" or "the Group") today announced profit of €31.3 million in H1 2024 compared to €52.1 million in H1 2023. In H1 2024, Adjusted EBIT
TOM FORD announces the appointment of Haider Ackermann as Creative Director, effective immediately. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240904332237/en/Haider Ackermann appointed Creative Director, TOM FORD. (Photo Credit: Ethan James Green) In his new role, Ackermann will assume the creative leadership across all TOM FORD fashion categories, including menswear, womenswear, accessories, and eyewear, and guide the creative vision for the overall brand. TOM FORD is owned by The Estée Lauder Companies Inc. (NYSE:EL) with the fashion business licensed to the Ermenegildo Zegna Group (NYSE:ZGN) and the eyewear business lice
H1 2024 grew 6% Year-on-Year (YoY), +8% at constant currency and -2.7% organic2. In Q2 2024 revenues rose to €497 million, +5% YoY, +6% constant currency with flat organic growth: ZEGNA and TOM FORD FASHION recorded solid growth of +5% YoY and +30% YoY respectively (both achieving +5% organic). Direct-to-Consumer (DTC) drove the Group's revenues growth with +10% YoY and +2% organic. United States and EMEA outperformed other geographies. Ermenegildo Zegna N.V. (NYSE:ZGN) (the "Company" and, together with its consolidated subsidiaries, the "Ermenegildo Zegna Group" or the "Group") today announced unaudited revenues of €960.1 million for the first half of 2024, +6.3%
Ermenegildo Zegna N.V. (NYSE:ZGN) (the "Company" and, together with its consolidated subsidiaries, the "Ermenegildo Zegna Group" or the "Group") today announced that all resolutions submitted to the annual general meeting held earlier today were adopted, including the proposal to approve a dividend distribution of EUR 0.12 per ordinary share, corresponding to a total dividend distribution on the outstanding ordinary shares of approximately EUR 30 million. The distribution will be paid in US dollars based on the foreign exchange reference rate of June 26, 2024 set by the European Central Bank. The distribution calendar for the ordinary shares listed on the New York Stock Exchange will be
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 Wednesday, June 26, 2024 at 2:00 p.m. CEST 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 2023 statutory audited financial statements, are available under the relevant section of Ermenegildo Zegna Group's corporate website at https://www.zegnagroup.com/en/corporate-gov
TD Cowen initiated coverage of Zegna Group with a rating of Hold and set a new price target of $10.00
BofA Securities upgraded Zegna Group from Neutral to Buy
Morgan Stanley initiated coverage of Zegna Group with a rating of Underweight and set a new price target of $7.20
BofA Securities downgraded Zegna Group from Buy to Neutral and set a new price target of $9.80 from $13.00 previously
Goldman upgraded Zegna Group from Neutral to Buy
Exane BNP Paribas initiated coverage of Zegna Group with a rating of Underperform and set a new price target of $11.60
BofA Securities upgraded Zegna Group from Neutral to Buy and set a new price target of $16.50 from $16.00 previously
BofA Securities initiated coverage of Zegna Group with a rating of Buy and set a new price target of $13.00
UBS initiated coverage of Zegna Group with a rating of Neutral and set a new price target of $11.00
Goldman Sachs initiated coverage of Ermenegildo Zegna with a rating of Neutral and set a new price target of $12.00
6-K - Ermenegildo Zegna N.V. (0001877787) (Filer)
6-K - Ermenegildo Zegna N.V. (0001877787) (Filer)
6-K - Ermenegildo Zegna N.V. (0001877787) (Filer)
20-F - Ermenegildo Zegna N.V. (0001877787) (Filer)
6-K - Ermenegildo Zegna N.V. (0001877787) (Filer)
6-K - Ermenegildo Zegna N.V. (0001877787) (Filer)
6-K - Ermenegildo Zegna N.V. (0001877787) (Filer)
6-K - Ermenegildo Zegna N.V. (0001877787) (Filer)
6-K - Ermenegildo Zegna N.V. (0001877787) (Filer)
6-K - Ermenegildo Zegna N.V. (0001877787) (Filer)
Revenues reached €1,946.6 million, up 2.2% YoY from €1,904.5 million in FY 2023, +3.4% at constant currency, -1.9% organic1 Profit of €90.9 million, compared to €135.7 million in FY 2023. Profit performance in FY 2024 also reflects a normalized 30% effective tax rate compared to 20% in FY 2023 Gross profit margin rose to 66.6% Adjusted EBIT1 of €184.0 million Proposed dividend per ordinary share of €0.12 Strategic investments in talent acquisition, store network and marketing continued throughout the year, laying the foundations for sustainable growth at ZEGNA, Thom Browne and TOM FORD FASHION Mid-term targets updated Ermenegildo Zegna N.V. (NYSE:ZGN) (the "Company" and, toge
Revenues of €960.1 million, up 6% from H1 2023 (+8% at constant currency and -2.7% organic1) Profit of €31.3 million (3.3% profit margin) compared to €52.1 million in H1 2023 (5.8% profit margin) Gross profit margin of 66.4% up 220bps from 64.2% in H1 2023 Adjusted EBIT1 of €80.9 million with an Adjusted EBIT Margin of 8.4% (13.3% in H1 2023) Important investments to further strengthen Group's brands concentrated in H1 2024 Ermenegildo Zegna N.V. (NYSE:ZGN) (the "Company" and, together with its consolidated subsidiaries, the "Ermenegildo Zegna Group" or "the Group") today announced profit of €31.3 million in H1 2024 compared to €52.1 million in H1 2023. In H1 2024, Adjusted EBIT
Ermenegildo Zegna N.V. (NYSE:ZGN) (the "Company" and, together with its consolidated subsidiaries, the "Ermenegildo Zegna Group" or the "Group") today announced that all resolutions submitted to the annual general meeting held earlier today were adopted, including the proposal to approve a dividend distribution of EUR 0.12 per ordinary share, corresponding to a total dividend distribution on the outstanding ordinary shares of approximately EUR 30 million. The distribution will be paid in US dollars based on the foreign exchange reference rate of June 26, 2024 set by the European Central Bank. The distribution calendar for the ordinary shares listed on the New York Stock Exchange will be
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 Wednesday, June 26, 2024 at 2:00 p.m. CEST 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 2023 statutory audited financial statements, are available under the relevant section of Ermenegildo Zegna Group's corporate website at https://www.zegnagroup.com/en/corporate-gov
Q1 2024 revenues reached €463.2 million, +8% Year-on-Year (YoY), and +11% at constant currency. By segment, the Zegna segment recorded positive performance, driven by the ZEGNA brand. By distribution channel, Direct-to-Consumer (DTC) drove the Group's revenues. By geographical area, the Americas led revenues for the quarter, continuing the Group's strength there. In line with the outlook provided on April 5, 2024, revenues on an organic growth basis3 declined by 5%, driven by Thom Browne underperformance. Ermenegildo Zegna N.V. (NYSE:ZGN) (the "Company" and, together with its consolidated subsidiaries, the "Ermenegildo Zegna Group" or the "Group") today announced unaudit
Revenues of €1,904.5 million, up 27.6% from FY 2022 (+19.3% organic growth1) Gross profit of €1,224.3 million with a gross profit margin of 64.3% (62.2% in FY 2022) Profit of €135.7 million, up 107.8% from FY 2022 with a profit margin of 7.1% (4.4% in FY 2022) Adjusted EBIT1 of €220.2 million with an Adjusted EBIT Margin of 11.6% (10.6% in FY 2022) Proposed dividend per ordinary share of €0.12 (+20% from FY 2022) Group's sustainability targets for FY 2023 achieved Ermenegildo Zegna N.V. (NYSE:ZGN) (the "Company" and, together with its consolidated subsidiaries, the "Ermenegildo Zegna Group" or "the Group") today announced profit of €135.7 million for FY 2023, up 107.
Revenues1 for FY 2023 reach €1.9 billion, up 27.6% year-over-year, with an organic2 growth rate of 19.3%. Revenues1 for 4Q 2023 reach €570 million, up 40.1% year-over-year, with an organic2 growth rate of 19.6%, accelerating from 11.3% in 3Q 2023. Strong revenue growth in both ZEGNA and Thom Browne direct-to-consumer channels thanks to robust demand across both brands. 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 preliminary unaudited revenues of €1.9 billion for the full year 2023, up 27.6% year-over-year and up 29.7%
Revenues1 for the third quarter of 2023 reach €431 million, up 20.8% year-over-year and with an organic2 growth rate of 11.3%. Revenues for the first nine months of 2023 reach €1.33 billion, up 22.9% year-over-year and with an organic growth rate of 19.2%. Group is taking over retail distribution of the ZEGNA brand in South Korea as of early 2024. Third quarter revenues support the Group's FY 2023 and mid-term outlook. 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
First Half 2023 profit1of €52.1 million, profit margin of 5.8%, and Adjusted EBIT2 of €119.9 million demonstrate broad-based strength. Adjusted EBIT Margin2 increased by 200 basis points to 13.3% thanks to a remarkable improvement in ZEGNA store productivity, and despite higher costs for growth. Group reaffirms its mid-term targets. Capital Markets Day to be held in New York on December 5, 2023. Ermenegildo Zegna N.V. (NYSE:ZGN) ("Zegna Group," "the Group," or "the Company") today announced profit of €52.1 million and a profit margin of 5.8% for the six months ended June 30, 2023, off revenues of €903.1 million for the same period, as announced on July 27, 2023. The Group recor
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. The convocation notice, explanatory notes, and other AGM materials, which include Zegna's 2022 statutory audited financial statements, are available under the relevant section of Zegna's corporate website at https://www.zegnagroup.com/en/corporate-governance/general-meetings/. Shareholders may request a physical copy of Zegna's 2022 statutory audited financial statements, free of char
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SC 13G - Ermenegildo Zegna N.V. (0001877787) (Subject)
SC 13G/A - Ermenegildo Zegna N.V. (0001877787) (Subject)
SC 13G/A - Ermenegildo Zegna N.V. (0001877787) (Subject)
SC 13G/A - Ermenegildo Zegna N.V. (0001877787) (Subject)
SC 13G - Ermenegildo Zegna N.V. (0001877787) (Subject)
SC 13G - Ermenegildo Zegna N.V. (0001877787) (Subject)
9M 2024 revenues grew 2% Year-on-Year (YoY), +3% at constant currency and -4% organic2. Q3 2024 revenues were €397 million, -8% YoY, -6% constant currency and -7% organic: ZEGNA brand recorded a positive performance of +1% YoY and +3% organic. Positive DTC performance (+1% YoY and organic) was mainly driven by ZEGNA DTC supported by double-digit growth in the Americas and EMEA. The Americas, EMEA, and Japan outperformed the other regions. Ermenegildo Zegna N.V. (NYSE:ZGN) (the "Company" and, together with its consolidated subsidiaries, the "Ermenegildo Zegna Group" or the "Group") today announced unaudited revenues of €1,357.4 million for the first nine months of 2024, +1.7% Yo
TOM FORD announces the appointment of Haider Ackermann as Creative Director, effective immediately. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240904332237/en/Haider Ackermann appointed Creative Director, TOM FORD. (Photo Credit: Ethan James Green) In his new role, Ackermann will assume the creative leadership across all TOM FORD fashion categories, including menswear, womenswear, accessories, and eyewear, and guide the creative vision for the overall brand. TOM FORD is owned by The Estée Lauder Companies Inc. (NYSE:EL) with the fashion business licensed to the Ermenegildo Zegna Group (NYSE:ZGN) and the eyewear business lice
First half 2023 Revenues1 reach €903 million, up 23.9% year-over-year. Organic growth2 was 21.5% in the first half of 2023, with double-digit organic growth for both the Zegna and Thom Browne segments. Acceleration in the second quarter with year-over-year growth of 35.1% and organic growth of 24.5%, led by solid double-digit organic performance in all major geographies and notable strength in the US. Direct-to-consumer year-over-year growth (36.3% for the first half and 48.1% for the second quarter of 2023) continues to be dynamic across all regions for Zegna and Thom Browne, with both posting organic growth of around 30% for the first half of 2023 and of 36.2% and 33.7% in th
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. Gavazza will report directly to Ermenegildo "Gildo" Zegna, Chairman and CEO of Zegna Group, and he will be part of the Senior Management of the Group. 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. Gildo Zegna commented: "Lelio's track record of strong global leadership brings outstanding luxu