The Italian fashion house Ermenegildo Zegna goes public in New York. The brand will nevertheless remain 62% controlled by its founders.
The Milanese group Zegna announced this morning via a press release its listing on the stock exchange. The house will have an “initial anticipated value of 3.2 billion dollars“, or about 2.7 billion euros. “Upon closing of the transaction, which is expected to occur in the fourth quarter of this year […] the Zegna family will continue to control the company with a stake of approximately 62%,” according to the statement.
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