Armani 'Doesn't Rule Out' Merger or IPO In Succession Plan [BNN Bloomberg (Canada)]
Ermenegildo Zegna N.V. (ZGN)
Company Research
Source: BNN Bloomberg
After fighting for years to keep Giorgio Armani SpA independent amid the mergers and acquisitions that reshaped the luxury sector, the billionaire design virtuoso now says he won't rule out his firm someday combining with a bigger rival or listing on an exchange. “Independence from large groups could still be a driving value for the Armani Group in the future, but I don't feel I can rule anything out,” Armani said in a written interview. “What has always characterized the success of my work is an ability to adapt to changing times.” It's a striking shift in tone for Armani, who rose from Milan window dresser to creator of one of the world's most prominent luxury houses, keeping tight control along the way and dropping few hints about what would happen once he exited the scene. The future plans of Armani, who rarely gives interviews and has to date been reticent about discussing succession, have long been a hot topic in the industry. Milan-based investment bankers have also fann
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News
- Revenues at Zegna drop 5% in Q1, dragged by Thom Browne brand [Reuters]Reuters
- Ermenegildo Zegna Group Reported Q1 2024 Revenues of €463 Million1, up 8%2 YoY, Driven by Zegna Brand and the Integration of Tom Ford Fashion [Yahoo! Finance]Yahoo! Finance
- Ermenegildo Zegna Group Reported Q1 2024 Revenues of €463 Million¹, up 8%² YoY, Driven by Zegna Brand and the Integration of Tom Ford FashionBusiness Wire
- Armani 'Doesn't Rule Out' Merger or IPO In Succession Plan [Yahoo! Finance]Yahoo! Finance
- Ermenegildo Zegna: Unjustified Sell-Off (Rating Upgrade) [Seeking Alpha]Seeking Alpha
ZGN
Sec Filings
- 4/23/24 - Form 6-K
- 4/15/24 - Form 6-K
- 4/9/24 - Form 144
- ZGN's page on the SEC website