Ermenegildo Zegna H1 2025 Financial Performance

SEC Filing 6-K (0001877787-25-000045)

Ermenegildo Zegna N.V. reported unaudited revenues of €927.7 million for the first half of 2025, a 3.4% decrease year-on-year (YoY) and a 2.0% decline on an organic basis. The second quarter of 2025 saw revenues of €468.9 million, down 5.7% YoY and 2.6% organically. The Direct-to-Consumer (DTC) channel showed positive growth across all brands, with ZEGNA, Thom Browne, and TOM FORD FASHION increasing by 7%, 7%, and 11% respectively. The Americas region outperformed others with a 4.5% YoY increase in Q2 2025. The Group's strategic focus on the DTC channel and reduction in wholesale exposure were key factors in the performance. Significant events included the Summer 2026 Fashion Show in Dubai and a partnership with Temasek, which invested in the Group, acquiring a 10% stake. Sam Lobban was appointed as the new CEO of Thom Browne, effective September 2, 2025.