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Italian fashion group Ermenegildo Zegna reports strong earnings in the first half

Italy’s leading luxury fashion house, the Zegna Zegna Group, saw sales increase 49.9% in the first half of FY2009 (first half), which ended on June 30, 2021, at € 63.3 million. Synchronous. The six-month profit expanded to € 32.2 million (first half of 2010: loss of € 87.7 million).

Italy’s leading luxury fashion house, the Zegna Zegna Group, saw sales increase 49.9% in the first half of FY2009 (first half), which ended on June 30, 2021, at € 63.3 million. Synchronous. The six-month profit expanded to € 32.2 million (first half of 2010: loss of € 87.7 million).

“Our increased focus on legacy brands, enhanced luxury textile platforms and Tom Brown’s dynamic pace supported a strong recovery in the first half of this year, which accelerated in the summer.” Zegna Zegna Group CEO Zegna Zegna, Said in a press release.

Italy’s leading luxury fashion house, the Zegna Zegna Group, saw sales increase 49.9% in the first half of FY2009 (first half), which ended on June 30, 2021, at € 63.3 million. Synchronous. The six-month profit expanded to € 32.2 million (first half of 2010: loss of € 87.7 million).

Geographically, sales from the EMEA region increased by 37.9% to € 182.5 million (13,230), as COVID-19-related restrictions were relaxed and domestic customer traffic resumed, especially in the second quarter. It became 10,000 euros). Italy, in particular, grew 65.2% year-on-year, above the regional average.

Italy’s leading luxury fashion house, the Zegna Zegna Group, saw sales increase 49.9% in the first half of FY2009 (first half), which ended on June 30, 2021, at € 63.3 million. Synchronous. The six-month profit expanded to € 32.2 million (first half of 2010: loss of € 87.7 million).

In the APAC region, the largest market for menswear brands, revenue increased 63.2%, mainly in China, up 81.1% compared to the first half of 2010. Other markets in the region were affected by the decline in tourism and COVID-19 restrictions. This includes Japan, where sales fell 9.1%. In addition, sales from North America increased by 26.8% in the first half of 2009, driven by the United States, which increased by 28.9%.

Italy’s leading luxury fashion house, the Zegna Zegna Group, saw sales increase 49.9% in the first half of FY2009 (first half), which ended on June 30, 2021, at € 63.3 million. Synchronous. The six-month profit expanded to € 32.2 million (first half of 2010: loss of € 87.7 million).

The company’s Zegna segment reported a 36.1% increase to € 465.9 million (€ 342.3 million), driven by the DTC channel for Zegna branded products. Continued retail expansion more than doubled the revenue in the first half of the Tom Brown segment to € 142.6 million (€ 63.2 million).

Italy’s leading luxury fashion house, the Zegna Zegna Group, saw sales increase 49.9% in the first half of FY2009 (first half), which ended on June 30, 2021, at € 63.3 million. Synchronous. The six-month profit expanded to € 32.2 million (first half of 2010: loss of € 87.7 million).

“Public health conditions remain uncertain globally, but we are focused on implementing the Zegna One Brand Strategy and are enthusiastically ready to face the coming months. Global luxury markets. We will continue to invest in creativity, innovation, talent and technology to maintain the leadership position of the Zegna Group in. “Zegna concludes.

Fiber2Fashion News Desk (JL)



Italian fashion group Ermenegildo Zegna reports strong earnings in the first half

Source link Italian fashion group Ermenegildo Zegna reports strong earnings in the first half

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