(ANSA) – MILAN, AUGUST 26 – The Zegna group closes the half year with strong growth in revenues, of 20.8% to approximately 729 million euros and with a profit of 21 million (-35%) impacted by the euro / dollar exchange rate and the liabilities under the 10% clauses of Thom Browne that the group does not own. Paradoxically, the excellent results of the American brand have an impact on the accounts of the parent company: revenues up 30.3% to 185.7 million and EBTI up 13.4% to 31.56 million.
“I am proud of the progress that the Zegna Group continues to make despite the continuing macroeconomic and geopolitical instability, which has added to the ongoing global health crisis – comments Ermenegildo” Gildo “Zegna, president and CEO – the United States, the Western Europe and the UAE have more than offset the impact of Covid-19 related measures in the Greater China region. ” Looking ahead to the next few months, Zegna remains cautious: “While our current performance is solid, including a healthy rebound in China, global geopolitical and economic prospects remain uncertain. Through flexibility and discipline, I am confident we will stay on track.” (HANDLE).
Source: Ansa
I have been working in the news industry for over 10 years now and I have worked for some of the biggest news websites in the world. My focus has always been on entertainment news, but I also cover a range of other topics. I am currently an author at Global happenings and I love writing about all things pop-culture related.
