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Monday, 31 October 2022 16:24

Zegna Q3 revenue up 27 per cent

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For the third quarter Ermenegildo Zegna’s revenues rose 27 per cent. For the Thom Browne segment revenues for the quarter were up 29 percent. Zegna branded products revenues grew 18 per cent for the quarter. This is a result of the continued success of the Zegna One Brand strategy.

The focus on luxury leisurewear continued to prove successful, with steady growth in that line, particularly in knitwear, while the growth in shoes remained robust. The tailoring and made-to-measure lines saw a strong rebound this quarter; particularly in the US.Textile revenues for the quarter were up 33 per cent with growth across Lanificio Ermenegildo Zegna, Bonotto, and Dondi.

Third-Party Brands revenues grew 64 per cent for the quarter thanks to strong contributions from Tom Ford and Gucci, the latter having more than doubled in comparison to the third quarter of 2021.

The group continues to see significant growth across all geographies. The Greater China region returned to growth for the quarter. Revenues in the Greater China region were up three per cent for the quarter. Growth for all of APAC was at 13 per cent for the quarter. The EMEA region exhibited the strongest growth for the quarter, at 42 per cent. The UK also continued to grow, with revenues for the quarter growing 61 per cent.