Zegna Group Schedules AGM and Reveals Dividend Plan

Ermenegildo Zegna (ZGN) has released an update.

Ermenegildo Zegna Group has announced its Annual General Meeting scheduled for June 26, 2024, with materials available online and a proposed shareholder dividend distribution of €0.12 per share. Additionally, the company disclosed the exercise of a Put Agreement by Thom Browne, resulting in the sale of a minority stake in Thom Browne Inc. for approximately $25 million, after which the Group will retain about 92% ownership. The luxury fashion group, known for its high-end menswear, has reported revenues of €1.9 billion in 2023.

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