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Zegna looks to grow 2022 revenues and touch €2 billion


Italian brand Zegna plans to increase its revenue to €2 billion in the med-term from the €1.29 billion posted last year. The family-owned group plans to increase its adjusted operating profit margin to 15 per cent in mid-term from a level of around 10 per cent achieved in 2021. The group, which controls Italy's luxury menswear brand Zegna and the US label Thom Browne, also expects store productivity to drive revenue growth.

Based in North Italian region of Piedmont, the group plans to use only renewable sources of electricity in Europe and the US by 2024, for all operations by 2027. By 2030, it expects 96 per cent main raw materials to be fully traceable. Starting next year, Zegna will plant 10,000 trees in every city where it opens or relocates shops, in a plan to reconnect to its reforestation project, started off by its founder in the early 1900s.


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