Italy's Zegna posts 19.6% jump in organic sales in fourth quarter

Ermenegildo Zegna NV

31/01/2024 12:12

MILAN, Jan 31 (Reuters) - Italian fashion group
Ermenegildo Zegna  JN0.F  posted a 19.6% increase in organic
revenues in the fourth quarter thanks to a strong performance in
the Asia Pacific region, the company said on Wednesday. 
    Revenues in the fourth quarter reached 570 million euros 
($617.54 million), after the group finalised the acquisition of
Tom Ford International in April. 
    "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,"
Chairman and Chief Executive Gildo Zegna said in a statement.

($1 = 0.9230 euros)

 (Reporting by Elisa Anzolin, editing by Gavin Jones)
 ((elisa.anzolin@thomsonreuters.com; 0039 0266129692;))