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

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Ermenegildo Zegna Group has filed for an initial public offering in the U.S. via a SPAC while Etro sold a majority stake to L Catterton.
Ermenegildo Zegna Group sells its Zegna and Thom Browne brands in 80 countries across 296 directly operated stores (DOS) and 241 franchised or wholesale locations. The company plans on increasing its DOS footprint to 312 by the end of 2023.
CREDIT: Mary Altaffer/Associated Press

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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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