Ermenegildo Zegna Transfers 10% Ownership to Temasek

The Italian fashion group welcomes its new partner, Singapore-based investment company Temasek. The investor’s entry follows the signing of an agreement to sell 14.1 million shares to Venezio Investments Pte Ltd, an indirect subsidiary of Temasek .

The price per share has been set at $8.95, calculated as the average Zegna share price during the period from June 30 to July 25 this year. With the closing of the transaction expected tomorrow, the Italian group will receive a total of $126.4 million.

Ermenegildo Zegna is listed on the New York Stock Exchange, where Temasek previously acquired 12.7 million common shares through market purchases. Following the closing of the transaction, Temasek will control a total of 26.8 million shares, representing 10% of Zegna’s capital.

Temasek will now control 10% of Zegna

Ermenegildo Zegna ended the first quarter of the current financial year with a 0.9% drop in turnover, after ending 2024 with a growth of only 2% and reducing its net result by 33%.

Sales at the close of the first three months of this year stood at €458.82 million, which contrasts with €463.16 million in the same period of 2024.

Founded in 1910 in Trivero (Italy), Ermenegildo Zegna ended the first quarter with a network of 666 points of sale, taking into account 465 own stores and 201 wholesale outlets. Of the total number of points of sale, the majority (around 400) correspond to Zegna.