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Italian Fashion Brings in the Big Bucks: Zegna Going Public, Etro Sells Majority Stake

Fashion is at a crossroads: continue with cutting-edge strategies developed to persevere during Covid or slide back into familiar (yet unprofitable) habits? Get the experts' perspective at our in-person Sourcing Summit, Oct. 19 at New York’s Cipriani 42nd Street.

In a big week for Italian luxury fashion, two top-name brands unveiled significant news on the financial front. Italian luxury house Ermenegildo Zegna Group is going public in the U.S. via a SPAC in a deal that values the men’s wear company at $3.2 billion through its initial public offering (IPO). In partnership with Investindustrial…

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