• Ermenegildo Zegna Group Profits Climb 64% in 2017

    2 days ago - By WWD

    MILAN - A new brand strategy and a turnaround in markets including China, the Russian Federation, Macau, Singapore and Japan helped the Ermenegildo Zegna Group post a 64 percent jump in net profits last year. In the 12 months ended Dec. 31, earnings rose to 32.8 million euros, compared with 20 million euros in 2016.
    Earnings before interest, taxes, depreciation and amortization climbed 13.6 percent to 142 million euros, compared with 125 million euros, in the previous year.
    Revenues increased 2.3 percent to 1.18 billion euros, compared with 1.15 billion euros in 2016. At constant exchange...
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