Ermenegildo Zegna Group reported a slight decline in revenue in the first quarter of 2025, with a decrease of 0,9% compared to the previous year. Despite this decline, the Tom Ford Fashion brand showed positive growth, helping to support the group's overall results.
- Financial performance: In the first quarter of 2025, Zegna Group revenues amounted to 458,8 million euros. This figure reflects a decrease of 0,9% compared to the previous year and of 1,2% at constant exchange rates.
- Tom Ford Fashion: The Tom Ford Fashion brand recorded a growth of 3,5%, demonstrating its strength and appeal in the luxury fashion market.
- Geographic trend: The Americas recorded a growth of 9,5%, while Asia-Pacific (excluding China) grew by 6,5%. China showed a decline of 11,6%.
- Strategy: The Zegna Group continues to focus on expanding the direct-to-consumer (DTC) channel and enhancing its brands.
Zegna Group Chairman and CEO Ermenegildo “Gildo” Zegna commented: “We are encouraged by these initial positive results, but also aware of the recent geopolitical and economic uncertainties. And while we have not observed significant changes in customer behavior for all our brands, we remain vigilant, flexible and focused on our 1 strategic priorities, knowing that what really matters is the strength of our brands and our unwavering commitment to staying close to our customers.”
