After its IPO in New York, the CEO of the Zegna brand said that organic growth was the group’s priority.
Italian luxury group Ermenegildo Zegna has completed its merger with special purpose acquisition company (SPAC) Investindustrial Acquisition Corp and is now listed on the New York Stock Exchange as of today under the ticker symbol “ZGN.”
Zegna, an Italian brand founded in 1910 as a textile company and now a leader in luxury men’s fashion, has turned to investors to finance its expansion. “The priority is organic growth… more than acquisitions, we will talk about integrations that follow our values and our DNA,” Gildo Zegna told the daily La Stampa.
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In an interview with La Repubblica newspaper, the executive explained that the group would consider acquisitions if the opportunity arose, but added that the company has “so many organic growth opportunities” that it is in no hurry to buy.
The Zegna family retained nearly 66 percent of the company after its merger with a U.S. blank check company. Ermenegildo Zegna told La Stampa that the IPO would help the company “gain scale in a more competitive market, where size matters,” adding that it would also strengthen the value of the brand.
In July 2021, the company explained that “The U.S. market is booming. Our brand and factories will remain Italian, but the U.S. offers us the necessary visibility and the most important investors in our sector are there.”
Read also > ZEGNA TO GO PUBLIC
Featured photo : © Zegna
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Passionnée depuis son plus jeune âge par l’art et la mode, Hélène s’oriente vers une école de stylisme, l’Atelier Chardon-Savard à Paris, avec une option Communication. Afin d’ajouter des cordes à son arc, elle décide de compléter sa formation par un MBA en Management du Luxe et Marketing Expérientiel à l’Institut Supérieur de Gestion à Paris dont elle sort diplômée en 2020. Elle a notamment écrit des articles lifestyle et beauté pour le magazine Do it in Paris et se spécialise en rédaction d’articles concernant le luxe, l’art et la mode au sein du magazine Luxus Plus.********** [EN] Passionate about art and fashion from a young age, Hélène went to a fashion design school, Atelier Chardon-Savard in Paris, with a Communication option. In order to add more strings to her bow, she decided to complete her education with an MBA in Luxury Management and Experiential Marketing at the Institut Supérieur de Gestion in Paris from which she graduated in 2020. She has written lifestyle and beauty articles for Do it in Paris magazine and specializes in writing articles about luxury, art and fashion for Luxus Plus magazine.