Ermenegildo Zegna announces slower growth in 2012, with a turnover increase of 11,9%

Privately owned Italian menswear luxury group Ermenegildo Zegna reported a slower growth rate for 2012, at 11,9% totalling 1,26 billion euros. Zegna reported a 13% net profit increase, for the full year 2012, reaching 130 million euros.

At the end of 2012, Zegna had 543 mono-brand stores around the world, the company announcing new mono-brand store openings, this year, in Geneva, Londra (in Sloane street), Dallas, Cancun, Abu Dhabi, Kuwait City, Singapore, Hanoi, Brisbane and several second and third tier cities in China.

Zegna’s CEO Gildo Zegna also expressed optimism for 2013, pledging further investments in Europe, U.S., Mexico, China, Australia, Singapore, Nigeria and Vietnam.

First U.S. stand alone store for the Z ZEGNA line (Los Angeles) opened March 2013