Who is the new CEO of Ermenegildo Zegna?

Gianluca Tagliabue has been appointed as the new chief executive of Ermenegildo Zegna.

What is the Zegna family succession plan?

The Zegna family is preparing to pass leadership to the fourth generation, with current CEO Gildo Zegna transitioning to executive chair and his sons becoming co-CEOs of the main label.

How is Zegna adapting to supply chain scrutiny?

Zegna is increasing its in-house production to 60% and plans to open a new leather goods factory to enhance supply chain control and transparency.

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Zegna Family Prepares Fourth Generation Takeover

24 Nov

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Summary

Gianluca Tagliabue appointed new CEO as Gildo Zegna becomes executive chair.
Zegna's sons, Angelo and Edoardo, promoted to co-CEOs of the main Zegna label.
Group increases in-house production to 60% and plans new leather goods factory.

Zegna Family Prepares Fourth Generation Takeover

Ermenegildo Zegna is implementing a succession plan with Gianluca Tagliabue stepping in as the new chief executive. Current CEO Gildo Zegna will move to the role of executive chair, while his sons, Angelo and Edoardo Zegna, are promoted to co-chief executives of the core Zegna brand. This transition prepares the 115-year-old business for fourth-generation leadership.

The $2.5 billion luxury group, which also owns Thom Browne and the Tom Ford fashion business, is enhancing its vertical integration. Currently, 60% of its clothing is produced in-house, a strategy strengthened by the impending opening of a new leather goods factory in Parma. This move aims to bolster the company's control over its supply chain amidst industry scrutiny.

Gildo Zegna emphasized the importance of Tagliabue's operational expertise in guiding his sons through the complexities of the modern luxury market. The company is also collaborating with the Italian government on legislation to ensure supply chain transparency and legality, a critical issue for the industry.

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