Ermenegildo Zegna (ZGN)
Operates three luxury brands with an integrated Italian textile and manufacturing platform.
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Sells luxury apparel, footwear, leather goods, and accessories through ZEGNA, Thom Browne, and licensed TOM FORD FASHION, alongside an integrated Italian textile platform. Most revenue comes from directly operated retail and e-commerce across Europe, the Americas, Greater China, and the rest of Asia-Pacific.
Designs, produces, and distributes luxury apparel, footwear, leather goods, and accessories through ZEGNA, Thom Browne, and TOM FORD FASHION. The Zegna segment also houses Textile and third-party manufacturing agreements, while Thom Browne and Tom Ford Fashion operate as separate segments. An integrated Italian Filiera links specialist mills with luxury manufacturing capabilities.
Serves Europe, the Americas, Greater China, and the rest of Asia-Pacific through directly operated stores, e-commerce, and selected wholesale partners. Most revenue comes from direct-to-consumer channels, giving the group close control over merchandising and client relationships. ZEGNA is centered on men's luxury leisurewear and tailoring; Thom Browne and TOM FORD FASHION broaden the portfolio into womenswear. The TOM FORD FASHION business depends on a long-term intellectual-property license from The Estée Lauder Companies.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 7, 2026 | Morgan Stanley | Target | Target: $11 | Target: $13 |
| Sep 4, 2026 | UBS | Reiterate | Rating: —Target: $14.50 | Target: $15.50 |
| Aug 11, 2026 | BNP Paribas | Target | Target: $7.90 | Target: $12.20 |
| Aug 11, 2026 | Exane BNP Paribas | Downgrade | ||
| Jun 17, 2026 | Goldman Sachs | Downgrade | Target: $14.20 | Target: $14 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $337.2M · Total debt $1.32B · Total assets $3.54B · Shareholders' equity $1.19B
- Revenue
- $1.15B
- Operating income
- $86.4M
- Net income
- $26.9M
Reported in EUR, converted at the latest exchange rate
HistoryDividendAnnual yield
| Institutions | ≈ 35.60% | 150.69M ADS | |
|---|---|---|---|
| 137 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 109.27% | 462.44M ADS | |
| 14 holders · as of May 11, 2026 | |||
| Strategic holders | 16.40% | 69.40M ADS | |
| 2 holders · as of May 14, 2026 | |||
| Adds to | 161.27% | ||
423.22M ADS as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Two share counts disagree (423.22M in the company's Sep 22, 2026 report, 268.31M elsewhere); stakes use the report.
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
These groups come from separate filings that can overlap, so they add to 161.27%; nothing is left for Other.
This company has 2 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
di Monte Rubello Ermenegildo ZegnaInsiderdirector, officer: Group Executive Chairman | 72.71% | 307.72M ordinary | filed Mar 18, 2026 |
Monterubello S.s.Insider | 36.09% | 152.73M | filed Feb 14, 2025 |
Temasek Holdings (Private) LtdInstitution | 12.87% | 27.24M ADS · 27.24M ADS | as of Jun 30, 2026 |
Strategic Holding Group S.à r.l.Strategic | 9.40% | 39.77M | filed Feb 8, 2022 |
Strategic Holding Group S.a r.l.Strategic | 7.00% | 29.63M | filed May 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 8, 2026 | di Monte Rubello Angelo Zegna | officer: Co-CEO of the ZEGNA brand | −1,935 | $13.12 |
| May 8, 2026 | Gianluca Ambrogio Tagliabue | officer: Acting Group CEO | −19,105 | $13.12 |
| May 7, 2026 | Gianluca Ambrogio Tagliabue | officer: Acting Group CEO | +47,250 | |
| May 8, 2026 | di Monte Rubello Edoardo Zegna | officer: Co-CEO of the ZEGNA brand | −17,037 | $13.12 |
| May 8, 2026 | Gian Franco Santhia | officer: Group Chief Financial Officer | −5,768 | $13.12 |
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Ermenegildo Zegna | $12.69 | +2.17% | $3.33B | 37.8 | — | 1.5 | +3.2% |
| Ralph Lauren | $345.74 | +1.74% | $20.73B | 21.4 | 17.6 | 2.5 | +14.0% |
| Capri | $15.74 | +9.99% | $1.64B | 11.0 | 8.4 | 0.5 | −3.5% |
| Median | 16.2 | 13.0 | 1.5 | +5.2% |