The Italian Ermenegildo Zegna Group closed the first quarter with sales of 470.2 million euros, the company, which includes the Zegna, Tom Ford and Thom Browne brands, announced on Thursday. This corresponds to an increase of 2.5 percent year-on-year and 7.4 percent at constant exchange rates. Growth was driven by strong performance from the direct-to-consumer channel and its namesake brand, Zegna.
In terms of individual channels, the direct-to-consumer channel grew by 7.8 percent year-on-year to 371.9 million euros, which corresponds to an increase of 14.2 percent at constant exchange rates. All three brands reported “excellent results and acceleration compared to the previous quarter,” according to a statement.
Wholesale sales of 64.3 million euros fell by 19.1 percent year-on-year. This corresponds to a minus of 17.0 percent at constant prices. According to management, this reflects the strategic decision to focus on the direct-to-consumer channel. This accounts for 85 percent of sales with branded products.
Zegna and Tom Ford are growing, Thom Browne is weakening
When it comes to individual brands, sales for the Zegna brand rose by 5.9 percent year-on-year to 310.3 million euros. At constant exchange rates, the increase was 11.3 percent. Thom Browne’s sales, on the other hand, fell by 9.4 percent year-on-year to 58.2 million euros, which corresponds to a decline of three percent at constant exchange rates.
Tom Ford Fashion, meanwhile, grew by 0.4 percent year-on-year; organically it was 5.4 percent. The brand’s results were supported by both the direct-to-consumer channel and marketing efforts related to the March fashion show in Paris, the statement said.
Sales of 152.9 million euros were recorded in the Europe, Middle East and Africa (EMEA) region. This represents a decrease of 0.8 percent year-on-year, but an increase of 1.4 percent at constant exchange rates. The direct-to-consumer channel is growing while the wholesale channel is shrinking.
The Americas region reached 137.0 million euros, an increase of 9.6 percent year-on-year and 17.5 percent at constant exchange rates. The Greater China region recorded 124.1 million euros, up 0.7 percent year-on-year and 5.3 percent at constant exchange rates.
The rest of the Asia-Pacific region (APAC) achieved 55.5 million euros. That’s a decrease of 0.6 percent year-on-year, but an increase of 7.7 percent at constant exchange rates. This was driven by Korea and Japan.
“We started 2026 with growing momentum across all our brands. The group’s organic growth of seven percent is the direct result of our long-term strategy,” emphasized Ermenegildo “Gildo” Zegna, Executive Chairman of the Ermenegildo Zegna Group. “This has been carefully crafted and is now being implemented in a disciplined and rapid manner. Our retail-focused organization continues to make progress.
The preliminary results for the first half of the year will be announced on July 23rd.
This article was created using digital tools translated.
FashionUnited uses artificial intelligence to speed up the translation of articles and improve the end result. They help us to make FashionUnited’s international reporting quickly and comprehensively accessible to a German-speaking readership. Articles translated using AI-based tools are proofread and carefully edited by our editors before they are published. If you have any questions or comments, please email [email protected]