Zegna may have just celebrated its 110th anniversary, but this is one brand that keeps on evolving. On Friday, the Italian marque will launch a new collection, Zegna Outdoor Capsule, and also unveils a brand new logo.
The pandemic has triggered a drastic transformation in the relationship between fashion houses and investment funds, which now tend to forge stronger bonds with labels in order to support them in the long term.
The Italian luxury group has turned profitable again, and was extremely buoyant in the first six months of the year, driven by China and Thom Browne, the label it acquired in 2018, whose sales doubled.
The Italian label has confided the North American market to luxury industry veteran Daniella Vitale and the EMEA region (Europe, the Middle East and Africa) to Vincenzo Equestre, who joins the brand from Chaumet.
Covid has forced the Italian luxury industry to step up the pace of its transformation and search for investors, as shown by Zegna announcing a forthcoming stock market listing, and L Catterton’s acquisition of Etro.
In a month that's shaping up to be huge as far as luxury deals are concerned, the latest news is that LVMH is boosting its stake in Off-White. Virgil Abloh's streetwear label will now be 60% owned by the French giant.
Just a day after news that L Catterton will take a stake in Etro, Ermenegildo Zegna said it will list its shares in New York and is combining with Investindustrial Acquisition Corp, which will be a minority shareholder.
The men’s collections for next summer presented in London, Milan and Paris blended streetwear and couture in a new mix, laid-back yet sophisticated, for an easy-going, highly wearable fashion to be enjoyed outdoors.
Browns is diving deep into sustainability this summer with a raft of initiatives including a link-up with The Restory, plus Made To Order jewellery and Made To Measure tailoring in partnership with Ermenegildo Zegna.