Zegna chair says business situation in the Middle East is improving

Ermenegildo Zegna NV

18/05/2026 08:45

MILAN, May 18 (Reuters) - Italian luxury menswear group Ermenegildo Zegna ZGN.N has seen business in the Middle East improve in recent weeks after disruption caused by the Iran conflict and expects the situation to have recovered after the summer, the executive chairman said.

Interviewed at the Financial Times luxury summit in Apulia, Italy, Ermenegildo Zegna said the hit to sales in the Middle East had been "substantial" but "less brutal" than anticipated.

Zegna, which like other luxury good brands has its biggest  shop globally located inside the Dubai Mall, suffered a decline in sales in March and the first part of April, he said.

 (Reporting by Valentina Za, editing by Giulia Segreti)

 ((valentina.za@thomsonreuters.com; +39 02 6612 9526;))