Italian fashion luxury group Zegna has, reportedly, stated that it is aiming to generate €2 billion in the mid-term.
Notably, the menswear luxury brand, had posted €1.29 billion a year back.
The Group also said that it is aiming to attain an adjusted operated profit margin of at least 15 per cent in the mid-term, while the same was around 10 per cent a year ago.
Substantiating further, Zegna expects a surge in store productivity to drive the revenue growth of the Group. This, Zegna believes, should offset the marketing investments planned to enhance brand’s expansion.
The Group also launched Environmental, Social and Governance (ESG) strategy, which will be overseen by its board and and will be tied to executive bonuses.
Zegna was founded in 1910 and it generated €1.292 billion in 2021.
