Zegna: A Strategic Generational Transition

In a joint press release published yesterday, November 24, 2025, it was announced that Gianluca Tagliabue will take over as CEO of the group. The transition will take effect on January 1, 2026. Gian Franco Santhià will be the new chief financial officer. Commercially and financially, Zegna remains solid but faces headwinds: the group's revenue for fiscal year 2024 was approximately €1.947 billion, with a net profit of €90.9 million.

The result, which fell short of expectations, reflected the weakening of certain parts of the portfolio (particularly Thom Browne) and significant amounts allocated to internal investments. However, the company's management is now optimistic and has set ambitious growth targets for 2027, with revenue of around €2.4 billion.

In the third quarter of 2025, the Italian group Zegna showed signs of resilience and growth after a mixed first half. Sales between July and September were €398.2 million, representing organic growth of 3.6%. The Zegna brand itself remains the group's driving force: its sales grew last year (+4.9% over the financial year) and, like more and more luxury brands, the company is stepping up its efforts to control its production chain. Today, around 60% of production is internalized and the new factory in Parma in northern Italy is running at full capacity.

These logistical levers partly explain the board's confidence in entrusting the co-management of the brand to the new generation: Edoardo Zegna, 39, who has built up experience in marketing, digital and sustainability. He is now Zegna's chief marketing & digital officer and group head of sustainability, a position that prepares him to steer the brand's identity and strategy. And Angelo Zegna, two years his junior, who has evolved on the commercial front, heading up the EMEA region. He is also in charge of global customer strategy, which gives him the advantage of having the field expertise necessary for growth, both in retail and wholesale.

Zegna's strategy follows the now classic formula widely adopted by contemporary family-owned luxury brands: preserving the brand's DNA while relying on career managers (such as Gianluca Tagliabue). For observers, the real question remains the ability of the young co-presidents to combine brand prestige, artisanal traditions, and performance requirements in an uncertain macroeconomic context.