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The Ermenegildo Zegna Group posted revenue of 517.1 million euros in the second quarter<\/b>, up 10.3%<\/b> at current exchange rates and 11% in organic growth<\/b>, exceeding analysts\u2019 expectations of 493 million euros. For the first six months of the year, sales reached 987.3 million euros<\/b>, representing a 6.4%<\/b> increase compared to the first half of 2025.<\/p>\n
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This performance reflects an acceleration in business following a strong first quarter and comes at a time when several luxury players continue to face a slowdown in demand in certain markets.<\/p>\n
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Growth is driven primarily by the Zegna brand, which continues to move upmarket thanks to its direct-to-consumer strategy. Direct-to-consumer (DTC)<\/b> sales\u2014including company-owned stores and digital channels\u2014rose by 16.4%<\/b> in the second quarter, while the multi-brand distribution network continues to be streamlined.<\/p>\n
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The group\u2019s other brands are showing mixed performance. TOM FORD FASHION<\/b> continues to grow, supported by the first collections from Haider Ackermann<\/strong>, while Thom Browne<\/b> remains hampered by the restructuring of its wholesale network\u2014a strategy the group has embraced to prioritize long-term profitability.<\/p>\n <\/p>\n <\/p>\n The Americas<\/b> are Zegna\u2019s main geographic growth driver, with organic growth of 22%<\/b> in the second quarter. This momentum is fueled by demand for customization services, made-to-measure offerings, and the brand\u2019s experiential initiatives, notably the Villa Zegna event held in Los Angeles.<\/p>\n <\/p>\n Greater China<\/b> also returned to a positive trajectory with growth of 8.6%<\/b>, while Europe posted more modest growth (+1.6%), weighed down by a slowdown in spending by international tourists, particularly those from Asia. Despite geopolitical tensions, the Middle East remained on a positive trajectory during the quarter.<\/p>\n <\/p>\n Buoyed by these results, the group plans to open 14 to 15 new stores<\/b> in 2026, more than half of which will be in the United States, while continuing a program to optimize its global network. This strategy illustrates management\u2019s confidence in the potential of the U.S. market and in its direct-to-consumer model, as the luxury sector continues to operate in a mixed economic environment.<\/p>\n <\/p>\n <\/p>\nThe United States Drives Growth<\/b><\/h2>\n