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MILAN--(BUSINESS WIRE)--Ermenegildo Zegna N.V. (NYSE:ZGN) (the “Company” and, together with its consolidated subsidiaries, the “Ermenegildo Zegna Group” or “the Group”) today announced profit of €31.3 million in H1 2024 compared to €52.1 million in H1 2023. In H1 2024, Adjusted EBIT was equal to €80.9 million compared to €119.9 million in H1 2023. Ermenegildo “Gildo” Zegna, Group Chairman and CEO, said: “The first half of 2024 was marked by important investments in all three of our brands to fu.

Ermenegildo Zegna showed 6% sales growth in H1 2024, with strong performance in Western markets, but faced a 10% decline in Greater China. Our team sees support in Zegna Quiet Luxury status and its integration (Tom Ford and Thom Browne). Zegna's valuation at 15.6x earnings is attractive, with a projected 26% upside, supported by its diversified brand portfolio and internal growth strategies.

MILAN--(BUSINESS WIRE)--Ermenegildo Zegna N.V. (NYSE:ZGN) (the “Company” and, together with its consolidated subsidiaries, the “Ermenegildo Zegna Group” or the “Group”) today announced that all resolutions submitted to the annual general meeting held earlier today were adopted, including the proposal to approve a dividend distribution of EUR 0.12 per ordinary share, corresponding to a total dividend distribution on the outstanding ordinary shares of approximately EUR 30 million. The distributio.

Zegna demonstrated notable financial growth with an 8% increase in Q1 2024 sales, despite a 5% organic decline due to challenges in China and strategic changes at Thom Browne. The company faced headwinds in China and made a strategic decision to streamline Thom Browne's wholesale business, impacting short-term performance. However, Zegna's management remains focused on optimizing operations and maintaining brand exclusivity to ensure long-term value.

MILAN--(BUSINESS WIRE)--Ermenegildo Zegna N.V. (NYSE:ZGN) (the “Company” and, together with its consolidated subsidiaries, the “Ermenegildo Zegna Group” or the “Group”) today announced the publication of the convocation notice for its Annual General Meeting (“AGM”), which will be held on Wednesday, June 26, 2024 at 2:00 p.m. CEST at the Steigenberger Airport Hotel Amsterdam, Stationsplein ZW 951, 1117 CE Schiphol-Oost, the Netherlands. The convocation notice, explanatory notes, and other AGM ma.