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Ermenegildo Zegna ( (ZGN) ) has provided an update.
Ermenegildo Zegna reported a 2.2% increase in revenues for the fiscal year 2024, reaching €1,947 million, driven by a strong performance in the ZEGNA brand and its direct-to-consumer channel. The fourth quarter saw revenues rise by 3.3% to €589 million, with notable growth in the Americas and EMEA regions. The company’s strategic focus on brand equity and key projects, amid anticipated volatility in consumer demand in China, positions it well for 2025. The recent ZEGNA fashion show reinforced the brand’s reputation in the luxury menswear market.
More about Ermenegildo Zegna
Ermenegildo Zegna is a prominent company in the luxury fashion industry, primarily known for its high-end menswear. The company focuses on providing ultra-luxury fashion products, including those under the ZEGNA brand, Thom Browne, and TOM FORD FASHION. With a strong market presence in the Americas and EMEA, Zegna is recognized for its innovative use of fine materials like the Vellus Aureum in its collections.
YTD Price Performance: 12.88%
Average Trading Volume: 968,733
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $3.68B
Find detailed analytics on ZGN stock on TipRanks’ Stock Analysis page.
