Zegna

Zegna

Ermenegildo Zegna group's profits double defying wider luxury slowdown

Milan-based company Ermenegildo Zegna has seen its profits double, defying the wider luxury slowdown. The company, known for its focus on formal menswear, is now trying to expand beyond its traditional offerings. This move comes as the luxury market faces challenges, with changing consumer preferences and economic uncertainties impacting sales.

Despite these challenges, Zegna's success in doubling its profits showcases the brand's resilience and ability to adapt to changing market conditions. By diversifying its product range and expanding into new markets, Zegna is positioning itself for continued growth and success in the competitive luxury fashion industry.