Luxury group Zegna to open new shoe and leather goods factory in Italy

Ermenegildo Zegna NV

08/02/2024 08:35

MILAN, Feb 8 (Reuters) - Italian fashion group
Ermenegildo Zegna  JN0.F  said on Thursday it would open a new
luxury footwear and leather goods factory in northern Italy to
meet the growing needs of its brands.
    The 12,500 sq m facility will be located near Parma and is
expected to be completed by December 2026. It should employ more
than 300 people once at full capacity in 2027, the company said.
    The move by the Zegna group, based in the northern Italian
region of Piedmont but listed in New York  ZGN.N , aims to
promote Italian craftsmanship at a time when the luxury industry
is short of artisans. 
    "The centre will be more than just a production facility. It
will play an important role as a training ground for a new
generation of artisans, ensuring the ongoing viability of these
important skills and working to preserve the uniqueness of 'Made
in Italy'", chairman and chief executive Gildo Zegna said.
    The Italian group owns the Zegna and Thom Browne brands and
operates Tom Ford Fashion through a long-term licence agreement
with the Estée Lauder Companies.

 (Reporting by Claudia Cristoferi; editing by Alvise Armellini
and Kevin Liffey)
 ((Claudia.Cristoferi@thomsonreuters.com; +39 3480848422;))