Ermenegildo Zegna Group Reports Q2 2025 Financial Performance and Strategic Developments

Ermenegildo Zegna Group has announced its financial results for the second quarter of 2025, highlighting a 2.6% decline in organic revenues, totaling €469 million. This downturn is primarily attributed to a 17% decrease in sales within the Greater China region and a weaker performance in the wholesale sector, notably affecting the Thom Browne brand. The company has proactively addressed these challenges by implementing strategic adjustments, including a leadership change at Thom Browne, with Sam Lobban succeeding Rodrigo Bazan as CEO. Additionally, Singapore's state investment firm, Temasek, has increased its stake in Ermenegildo Zegna Group to 10%, signaling confidence in the brand's long-term potential. This investment is expected to bolster the company's financial position and support its global expansion initiatives. The brand's commitment to growth is further demonstrated by its recent fashion show in Dubai, marking the first event outside of Milan, and its focus on the Middle East market, where sales now account for 10% of total revenue. The Direct-to-Consumer channel continues to be a key driver of growth, reflecting the evolving preferences of consumers who seek direct engagement with luxury brands. These strategic moves underscore Ermenegildo Zegna Group's dedication to navigating market shifts and embracing new opportunities in the luxury fashion industry.