Ermenegildo Zegna Group enjoyed higher sales last year amid positive performances in both the Zegna and Thom Browne brands.
The Italian luxury fashion house booked sales of €1.91 billion (US$2.06 billion) in the 12 months ended December 31, up 27.6 per cent from the prior year.
Zegna’s revenue grew 12.4 per cent to €1.32 billion (US$1.43 billion) while Thom Browne’s revenue increased 14.9 per cent to €380 million (US$410.6 million).
Tom Ford, since its consolidation on April 29 last year, booked revenue of €236 million (US$255 million), of which €97 million (US$160.2 million) was recognised in the fourth quarter due to sales during the holiday season.
Direct-to-consumer revenue climbed 37.8 per cent to €1.27 billion (US$1.37 billion) while wholesale revenue jumped 11.3 per cent to €635 million (US$686.1 million).
Meanwhile, North America led the growth across all the company’s markets, as revenue in the region soared 41.6 per cent to €417 million (US$450.5 million).
EMEA revenue grew 26.6 per cent to €659 million (US$712.0 million) while Apac revenue expanded 22.2 per cent to €788 million (US$851.4 million).
Latin America revenue stood at €38 million (US$41.1 million), up 25.6 per cent.
“The significant increase in our revenues in 2023, and especially from our network of directly operated stores, is a clear indication that demand for our brands remains healthy, and that we are successfully executing our strategy to increase their desirability and solidify their position as leaders in the luxury market,” said Ermenegildo Zegna, chairman and CEO of the group.
