Luxury group Zegna posts 19.3% jump in FY organic sales [Reuters]
Ermenegildo Zegna N.V. (ZGN)
Company Research
Source: Reuters
on Friday and proposed a 20% hike in its annual dividend, helped by robust demand for its luxury products. The family-owned fashion group, which controls menswear brand Zegna, as well as the U.S. labels Thom Browne and Tom Ford Fashion, saw a 24% increase in Greater China revenue during the period. "We are on track with the integration of the Tom Ford Fashion business, which is enriching our unique proposition in luxury glamour" Chairman and CEO Ermenegildo Zegna said. The company's full-year revenue reached 1.9 billion euros ($2.06 billion) in 2023 and it has proposed a dividend of 0.12 euros($0.1300) per share. Zenga, which debuted on Wall Street in late 2021, said its EBIT reached 220 million euros in 2023, compared to 157.7 million euros in the prior year. ($1 = 0.9230 euros) The Reuters Daily Briefing newsletter provides all the news you need to start your day. Sign up here. Reporting by Gursimran Kaur in Bengaluru; Editing by Ravi Prakash Kumar Our Standards: The
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ZGN
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
- Armani 'Doesn't Rule Out' Merger or IPO In Succession Plan [BNN Bloomberg (Canada)]BNN Bloomberg
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