Italian luxury fashion house Ermenegildo Zegna Group has reported a 6.3% year-on-year (YoY) increase in revenue for the first half of 2024 (H1), reaching €960.12m from €903.
05m in H1 2023. The company saw growth across its ZEGNA and Tom Ford Fashion segments, despite a decline in its Thom Browne segment. The gold standard of business intelligence.
The Zegna segment, which includes the ZEGNA brand and textiles, reported a 2.5% increase to €660.53m from €644.
31m in H1 2023. Within this, the ZEGNA brand itself grew by 4.6% to €566.
06m, propelled by strong performance in the US and in the Europe, Middle East and Africa (EMEA) markets. The Thom Browne segment experienced a 19.4% decrease in revenue, down to €166.
72m from the previous year’s €206.95m. In contrast, the Tom Ford Fashion segment surged by 132%, achieving €148.
49m in revenue against €64.01m in the same period of the previous year. Access the most comprehensive Company Profiles on the market, powered by GlobalData.
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However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form During this period, the direct-to-customer revenues of Ermenegildo Zegna also saw a notable rise of 14.8%, amounting to €669.59m compared to €583.
38m in H1 2023. Regionally, the Amer.