Ermenegildo Zegna (ZGN) has released an update.
Ermenegildo Zegna Group has reported a 6% year-on-year revenue increase to €960 million for the first half of 2024, with particularly strong performances in the U.S. and EMEA regions. The growth was driven by their direct-to-consumer channel, which saw a 10% increase, and significant growth in the ZEGNA and TOM FORD FASHION brands, despite broader market challenges. The company remains optimistic about its strategic direction and long-term brand potential while continuing to manage costs.
For further insights into ZGN stock, check out TipRanks’ Stock Analysis page.
