Renowned Italian luxury group, Ermenegildo Zegna NV and Venezio Investments. an indirect wholly-owned subsidiary of Singapore-based investment company Temasek Holdings have entered into a significant investment agreement.
According to this agreement, Temasek has agreed to purchase 14,121,062 of Zegna's treasury shares at $8.95 per share. This price aligns with the volume-weighted average of ZGN share prices from June 30 to July 25, 2025.
With this new transaction, combined with its previous acquisition of 12,699,981 ordinary shares through market purchases, Temasek's total stake will reach 10 per cent of Ermenegildo Zegna Group's ordinary share capital outstanding after the deal closes.
Ermenegildo ‘Gildo’ Zegna, Chairman and CEO, states, their investment is a strong endorsement of the company’s vision and long-term growth potential, while firmly recognizing the global significance of the Italian luxury sector. Temasek’s partnership helps the company strengthen their organic expansion globally and to reinforce their unique role as a custodian of truly authentic brands.
Nagi Hamiyeh, Head-EMEA, Temasek, highlights the investment as a commitment to supporting leading European businesses with global potential. Having successfully established itself in the high-end luxury segment, the Ermenegildo Zegna Group presents significant long-term value creation opportunities across each brand, states Hamiyeh, adding, Temasek looks forward to being a ‘thoughtful, long-term partner’ to the Zegna family and management team.
Upon the transaction's closing, the Ermenegildo Zegna Group will receive a total cash consideration of $126.4 million. This injection will help boost the Group's balance sheet, providing enhanced financial flexibility to seize opportunities for accelerating the organic growth of its brand portfolio. Temasek's extensive experience in the luxury sector and deep knowledge of the Asian market are expected to significantly contribute to Zegna's growth prospects and support expansion in key underdeveloped geographies.
