Zegna group reports steady 2024 growth
30/01/2025
The Zegna segment, which includes the Zegna brand and textile businesses, recorded €1.34bn in revenue, up 2% from FY23. The Zegna brand itself saw a 4.9% increase to €1.16bn.
Tom Ford Fashion experienced significant growth, with revenues rising 33.5% to €314.5m, while Thom Browne faced a 17.2% decline, dropping to €314.8m.
The group’s direct-to-customer revenues surged 9.9% to €1.39bn, while wholesale branded revenues fell 12.2% to €402.3m.
In Q4 FY24, Zegna Group’s revenues rose 3.3% to €589.2m, with the Zegna brand up 8.4% and Tom Ford Fashion growing 3.7%. However, Thom Browne’s revenue declined 4.3%.
CEO Gildo Zegna highlighted strong performance in the US and EMEA markets, but noted uncertainty in China for 2025. He reaffirmed the company’s focus on brand equity, strategic investments, and leveraging existing strengths to navigate future challenges.
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