Vimeo
LinkedIn
Instagram
Share |

Ermenegildo Zegna

April 26, 2012

Ermenegildo Zegna, the Italian fashion house controlled by the founding Zegna family, saw its profits almost double in 2011, while three other family businesses in Europe have reported mixed quarterly results.

Ermenegildo Zegna, the Italian fashion house controlled by the founding Zegna family, saw its profits almost double in 2011, while three other family businesses in Europe have reported mixed quarterly results.

Piedmont-based Ermenegildo Zegna, chaired by fourth-generation Paolo Zegna, said on 25 April that net profit jumped 91.5% in 2011 to €115 million. Revenues at the company, which was founded in 1910 as a weaving business, also grew by 17% to €1.13 billion.

January 1, 2002

The Zegna Group, winners of the IMD Distinguished Family Business Award 2000, have successfully redefined and adapted their textile and menswear business to the changing world—never losing sight of the legacy of its founder

The beginnings of the Ermenegildo Zegna Group as a family business can be traced back to the birth of Angelo Zegna in 1859 in the northwestern part of Italy known as Piedmont. Born the fourth child of a farmer, Angelo first worked as a watchmaker. He later became a weaver, which is not surprising, since wool-making and weaving was the most common industry in this isolated and impoverished mountainous area.

Click here >>
Close