Home New Look 2015 Italy’s Ermenegildo Zegna Group’s profits soar to €135.7 mn in FY23

Italy’s Ermenegildo Zegna Group’s profits soar to €135.7 mn in FY23

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Ermenegildo Zegna’s profits doubled to €135.7 million (~$147.23 million) and revenue increased by 27.6 per cent to €1,904.5 million (~$2,066.29 million) in FY23.
Growth was driven by strong performance in Zegna and Thom Browne segments and acquisition of Tom Ford Fashion.
The company enhanced its DTC focus and announced a new production facility.Ermenegildo Zegna’s profits doubled to €135.7 million (~$147.23 million) and revenue increased by 27.6 per cent to €1,904.5 million (~$2,066.29 million) in FY23.
Growth was driven by strong performance in Zegna and Thom Browne segments and acquisition of Tom Ford Fashion.
The company enhanced its DTC focus and announced a new production facility.