The Ermenegildo Zegna Group, parent company, was able to significantly increase the sales figures of its two brands Zegna and Thom Browne in the past six months: The Italian fashion group recorded a sales increase of 20.8 percent, as can be seen from the company’s half-year report.
Sales reached 729 million euros compared to 603.3 million euros in the same period last year. The operating result increased from 51.7 million euros to 81.4 million euros. And this despite the macroeconomic challenges of the last six months and the introduction of corona measures in the China region, where the group still generated almost half of its sales last year.
Sales in the division, which includes tailored suits and shoes as well as casual wear, rose by 18.7 percent to EUR 553 million. Thom Browne, the smaller and more experimental brand of the Ermenegildo Zegna Group, increased its sales by 30.3 percent to 185.8 million euros. According to the Ermenegildo Zegna Group, the women’s clothing line in particular developed well.
The fashion group has increased its forecast for the full financial year. While sales growth of ten to fifteen percent was originally expected, the company now anticipates annual sales of around fifteen percent.
This translated post previously appeared on FashionUnited.nl.