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Ermenegildo Zegna Targets More Than €2 Billion in Sales

Zegna’s chief executive Gildo Zegna rings the Opening Bell of the New York Stock Exchange as the luxury group went public.
Zegna’s chief executive Gildo Zegna rings the Opening Bell of the New York Stock Exchange as the luxury group went public. (Getty Images)

Zegna is aiming to surpass €2 billion ($2.1 billion) in revenue in the next four to five years, up from €1.29 billion last year, the family-controlled Italian group said during its first capital markets day since its stock market debut.

The company is also targeting an adjusted operating profit margin of at least 15 percent, up from 11.5 percent last year.

Ermenegildo Zegna Group, which listed on the New York Stock Exchange via a SPAC merger in December, said increasing store productivity and a continued pivot towards more casual products at its flagship suiting brand would drive future top line growth.

In addition to financial ambitions, the company laid out new ESG and sustainability-focused targets, including appointing a Diversity, Equity and Inclusion Officer by early 2023.

Learn more:

How Zegna Is Adapting to Menswear’s Transformation

With a Wall Street listing under his belt, CEO Gildo Zegna now has to prove the family-controlled brand’s pivot from power suits to sneakers can continue to drive growth.

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