Ermenegildo Zegna Group reported a 40 per cent decline in profit for H1 2024, down to €31.3 million (~$34.84 million) from €52.1 million in H1 2023.
Despite a 6.3 per cent revenue increase, driven by the Zegna and Tom Ford brands, profit margins shrank due to strategic investments in marketing, talent, and store expansions, as well as ongoing macroeconomic challenges.