Zegna Group, an Italian luxury fashion company, has experienced a significant surge in sales during the third quarter of the year. The company saw growth in all regions, especially in Europe, the U.S., and the Middle East. Revenues for the third quarter reached €357 million, a 27.5% increase compared to the previous year. This brings the total revenues for the first nine months of the year to €1.09 billion, a year-over-year increase of 22.9%.

Zegna Group’s robust growth was evident within its Zegna brand, which includes Zegna branded products, as well as textile and third-party brands product lines. Revenues for the third quarter totaled €289 million, marking a 27.2% year-over-year increase. Zegna branded products revenues grew by 18.6% to reach €224 million, while textile revenues reached €30 million, a 33.3% increase. The growth was driven by the performance of Lanificio Ermenegildo Zegna, Bonotto, and Dondi. Revenues from third-party brands also experienced significant growth, with a 64.2% increase to reach €32 million, primarily due to contributions from Tom Ford and Gucci.

Thom Browne, a subsidiary of Zegna Group, also played a key role in driving the company’s growth. Revenues for the brand reached €69 million, a year-over-year increase of 29.5%. Womenswear experienced faster growth than menswear and now accounts for nearly 30% of Thom Browne’s revenues. The brand’s growth was supported by strong wholesale demand, e-commerce growth through T-Mall in the Greater China region, and the opening of four new stores during the quarter.

Geographically, Zegna Group saw varying levels of growth. The Greater China region reported revenues of €116 million, a 3% increase compared to the previous year. The Asia-Pacific region experienced growth of 13.7%, with revenues reaching €153 million. The EMEA region demonstrated the strongest growth, with a 42.8% increase to reach €119 million. The Middle East and Africa region alone contributed €16 million, representing a year-over-year growth of 86.4%. The UK also experienced significant growth, with revenues for the quarter up 61.6% to reach €15 million.

Zegna Group’s distribution channels significantly contributed to its strong performance. Revenues from the group’s directly operated store network, including e-commerce, reached €217 million for the quarter, a 20.7% increase. Wholesale revenues grew by 32.2% to reach €139 million.

Ermenegildo “Gildo” Zegna, chairman and CEO of Zegna Group, expressed his satisfaction with the company’s performance during the quarter. He highlighted the exceptional performance of both Zegna and Thom Browne in Europe, the Middle East, and the U.S., as well as the rebound in the Greater China region. Zegna Group remains committed to its strategy and values, including sustainability efforts. The launch of Oasi Cashmere, a step toward traceability, and the recognition of Oasi Zegna with the Biodiversity Conservation Award at the CNMI Sustainable Fashion Awards demonstrate the company’s commitment to the natural world. Looking ahead, the group confirmed its full-year revenue guidance of mid-teens growth.

Zegna Group’s strong sales performance reflects the ongoing demand for luxury fashion brands, particularly in key regions such as Europe, the U.S., and the Middle East. The company’s focus on innovation, sustainability, and expanding its distribution channels has proven successful in driving growth and maintaining its position as a global leader in the fashion industry. With its continued commitment to excellence and customer satisfaction, Zegna Group is well-positioned for future success.

Useful links:
1. Zegna Official Website
2. Business of Fashion