During a call with analysts on Tuesday, Ermenegildo Zegna Group's chairman and chief executive officer, Gildo Zegna, reported growth in revenues for the first quarter of the year. According to Zegna, the performance in the period was "in line with what we anticipated" and confirmed the mid-term outlook of a more than 10 percent compound annual revenue growth.
The company also announced several leadership appointments, including the naming of Joyce Weng as president of Tom Ford Fashion, Greater China, South East Asia, and Oceania, and Simon Kendall as president of Tom Ford Fashion, Americas.
Zegna also acknowledged that the company made a"... difficult decision" to reduce wholesale accounts for Thom Browne in order to protect the exclusivity of the brand long-term and support its direct-to-consumer development.
Despite this decision, the company reported organic growth of 6.8 percent... with solid double-digit growth in several key regions, including Europe, Middle East and Africa, the Americas... ← →
Reference: Found hereThe company also announced several leadership appointments, including the naming of Joyce Weng as president of Tom Ford Fashion, Greater China, South East Asia, and Oceania, and Simon Kendall as president of Tom Ford Fashion, Americas.
Zegna also acknowledged that the company made a"... difficult decision" to reduce wholesale accounts for Thom Browne in order to protect the exclusivity of the brand long-term and support its direct-to-consumer development.
Despite this decision, the company reported organic growth of 6.8 percent... with solid double-digit growth in several key regions, including Europe, Middle East and Africa, the Americas... ← →
Born in 1950 in Turin, Italy, Zegna is the third generation of his family to lead the company, which was founded by his grandfather Ermenegildo Zegna in 1910.
Under Zegna's leadership, the company has experienced significant growth and expansion. In recent years, Zegna has focused on developing the company's direct-to-consumer business, including the opening of Zegna's first flagship store in New York City in 2017.
He has also prioritized sustainability and social responsibility, launching the Zegna Forward project in 2019, which aims to reduce the company's environmental impact and promote ethical practices throughout the supply chain.
Zegna's achievements have been recognized both within the fashion industry and beyond.
He has received numerous awards, including the"... ⁙⁙⁙time Achievement Award" at the 2019 British Fashion Awards... and has been named as one ← →
Under Zegna's leadership, the company has experienced significant growth and expansion. In recent years, Zegna has focused on developing the company's direct-to-consumer business, including the opening of Zegna's first flagship store in New York City in 2017.
He has also prioritized sustainability and social responsibility, launching the Zegna Forward project in 2019, which aims to reduce the company's environmental impact and promote ethical practices throughout the supply chain.
Zegna's achievements have been recognized both within the fashion industry and beyond.
He has received numerous awards, including the"... ⁙⁙⁙time Achievement Award" at the 2019 British Fashion Awards... and has been named as one ← →
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Reporting growth in revenues at the Ermenegildo Zegna Group in the first quarter of the year, its chairman and chief executive officer said during a call with analysts on Tuesday that the performance in the period was ⁘in line with what we anticipated⁘ and confirmed the mid-term outlook of a more than 10 percent compound annual revenue growth. As reported, Joyce Weng was named president of Tom Ford Fashion, Greater China, South East Asia and Oceania, and Simon Kendall was appointed president of Tom Ford Fashion, Americas.●●● ●●●
Zegna admitted ⁘a difficult decision⁘ was made to reduce wholesale accounts for Thom Browne ⁘to protect the exclusivity of the brand long-term and to support its direct-to-consumer development. The indicators are strong and our actions will make it even stronger.⁘
