Overview
- Preliminary fiscal 2025 revenue reached about €1.92 billion, up 1.1% organically, with fourth-quarter sales at €591 million and organic growth of 4.6%.
- Direct-to-consumer revenue rose 4.2% to €1.45 billion for the year, with roughly 10% organic growth in Q4 at both the group and Zegna brand.
- Wholesale revenue declined 20.9% to €318.1 million as the company continued to deemphasize that channel.
- Brand and region results were mixed: Zegna grew 4.7% to €1.2 billion, Tom Ford Fashion rose 3.1% to €317.1 million, Thom Browne totaled €268.5 million; the Americas reached €566.1 million, EMEA €683.8 million, and Greater China fell to €435.2 million.
- A Jan. 1 transition installed Gianluca Tagliabue as group CEO and Edoardo and Angelo Zegna as Zegna brand co-CEOs, with management closely monitoring the Saks Global bankruptcy and noting the outcome remains uncertain.