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- Ermenegildo Zegna Group
Ermenegildo Zegna Group Valuation, Funding & Investors
Ermenegildo Zegna Group is valued at $3.2B as of July 2021.
Last Ermenegildo Zegna Group valuation
$3.2B
Strategic investment · Jul 2021
Last Ermenegildo Zegna Group funding round
Strategic investment
Amount undisclosed · Jul 2021
Key investors in Ermenegildo Zegna Group
Investindustrial
About Ermenegildo Zegna Group
Ermenegildo Zegna Group is a vertically integrated, Made in Italy luxury textile, clothing, and knitwear platform. Founded in 1910, the company has evolved from a textile and menswear producer into a luxury house selling globally, and the Zegna family retains control of the business. Its brand portfolio includes a majority stake in Thom Browne, acquired in 2018, and textile manufacturers Dondi and Bonotto.
Founded
1910
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Product sales
Valuation
$3.2B (Jul 2021)
Ermenegildo Zegna Group Valuation
Ermenegildo Zegna Group is currently valued at $3.2B, based on its strategic investment round in July 2021. Read the announcement ↗
The round was led by Investindustrial.
Ermenegildo Zegna Group valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jul 2021 | Strategic investment | $3.2B |
Ermenegildo Zegna Group Funding History
Ermenegildo Zegna Group has raised 1 funding round.
| Date | Stage | Investors | Valuation | Deal Summary |
|---|---|---|---|---|
| Jul 2021 | Strategic investment | Investindustrial (lead) | $3.2B | Ermenegildo Zegna Group and Investindustrial Acquisition Corp., a special purpose acquisition corporation sponsored by investment subsidiaries of Investindustrial VII, announced a definitive business combination agreement on 19 July 2021 through which Zegna became a company listed on the New York Stock Exchange later that year. The merged entity had an anticipated initial enterprise value of USD 3.2 billion, and the Zegna family retained control with a stake of approximately 62%. Investindustrial described the transaction as a partnership to support Zegna's continuing growth plans, and the group emphasised its vertically integrated Made in Italy luxury textile, clothing and knitwear platform. Founded in 1910 by its namesake, Zegna has evolved from a textile and menswear producer into a luxury house selling globally, and in 2018 acquired a majority stake in the American luxury fashion brand Thom Browne, which the parties cited as evidence of the group's M&A strategy and brand development capability. Chief Executive Gildo Zegna said the family would remain at the company's helm and continue investing in creativity, innovation, talent and technology. Zegna remains in Investindustrial's current portfolio. |
Who has invested in Ermenegildo Zegna Group?
1 investor has backed Ermenegildo Zegna Group across its funding rounds, including Investindustrial.
Lead investors include Investindustrial.
Ermenegildo Zegna Group Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by Ermenegildo Zegna Group
Ermenegildo Zegna Group has acquired 3 companies to date.
Last acquisition by Ermenegildo Zegna Group was on July 8th 2019. Ermenegildo Zegna Group acquired Dondi for undisclosed valuation.
Latest Acquisitions by Ermenegildo Zegna Group
| Description | Dondi is a Milan-based Italian knitwear brand producing seasonal collections of sweaters, cardigans, and pullovers for men and women using merino wool, cashmere, and cotton yarns. Distributed through 200 independent boutiques in Italy, France, and Germany, its designs feature cable knits and intarsia patterns manufactured in Como province workshops. | Thom Browne is a New York-headquartered luxury fashion house known for tailored menswear collections featuring shrunken silhouettes and Olympic-inspired motifs. Founded in 2001, the brand offers ready-to-wear, footwear, eyewear, and fragrances sold through 11 flagship stores worldwide, including Paris and Tokyo. Thom Browne collaborates with brands like Brooks Brothers and holds licenses for childrenswear with Onward Kashiyama. | Bonotto is a Keplero-based textile manufacturer specializing in luxury fabrics for global fashion houses. Operating a 20,000-square-meter facility in northern Italy's wool district, the company employs 200 artisans who produce unique jacquard and brocade patterns on century-old mechanical looms. Bonotto supplies high-end collections to brands like Louis Vuitton and Dior, emphasizing slow production methods that blend traditional craftsmanship with contemporary design. Established as a key player in premium textiles, it exports to Europe, Asia, and the Americas. |
| HQ Country | |||
| HQ City | Milan | New York City, NY | Trento |
| Deal Date | 8 Jul 2019 | 18 Aug 2018 | 3 Oct 2016 |
| Valuation | undisclosed | $588M | undisclosed |
| EV/Revenue | |||
| EV/EBITDA | |||
This data is available for Pro users. Sign up to see all Ermenegildo Zegna Group acquisitions and their M&A valuation multiples. Start Free Trial | |||
Investments by Ermenegildo Zegna Group
Ermenegildo Zegna Group has invested in 1 company to date.
Latest investment by Ermenegildo Zegna Group was on December 10th 2025. Ermenegildo Zegna Group invested in Norda Run in their Strategic investment round.
Latest Investments by Ermenegildo Zegna Group
| Description | Norda Run is a Montreal-based manufacturer of trail running shoes featuring innovative Dyneema fabric for exceptional lightness, strength, grip, and cushioning. |
| HQ Country | |
| HQ City | - |
| Deal Date | 10 Dec 2025 |
| Round | Strategic investment |
| Raised | undisclosed |
| Investors | - |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Ermenegildo Zegna Group investments and their VC round multiples. Start Free Trial | |
Ermenegildo Zegna Group Competitors
Ermenegildo Zegna Group competitors include listed companies like Henan Liliang Diamond, Burberry, Welspun Living and Lao Feng Xiang, and private ones like Christian Louboutin and Yuyuan Jewelry & Fashion Group.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $94M | $47M | $2.7B | - | ||
| Private | - | - | $2.6B | - | ||
| Publicly listed | $3.2B | $658M | $4.9B | 1.8x | ||
| Publicly listed | $880M | $80M | $2.1B | 2.1x | ||
| Publicly listed | $7.9B | $500M | $2B | 0.2x | ||
| Private | - | - | $1.4B | - |
Ermenegildo Zegna Group Public Comps
Ermenegildo Zegna Group is still privately-owned, but its public comps include Steven Madden, Nitto Boseki, Hugo Boss, Shijiazhuang Changshan, PVH, Zeon, Columbia, Kontoor Brands, Citizen Watch and Henan Liliang Diamond.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $2.5B | $123M | 1.3x | 1.2x | 27.3x | 13.9x | |||
| $760M | $441M | 4.4x | 4.0x | 7.6x | 14.5x | |||
| $4.9B | $873M | 0.8x | 0.8x | 4.5x | 4.8x | |||
| $1.1B | $85M | 3.2x | - | 42.7x | - | |||
| $9B | $503M | 0.7x | 0.7x | 13.1x | 6.3x | |||
| $2.6B | $427M | 1.1x | 1.1x | 6.9x | 7.9x | |||
| $3.4B | $269M | 0.8x | 0.8x | 10.3x | 7.4x | |||
| $3.2B | $396M | 1.5x | 1.7x | 12.1x | 10.0x | |||
This data is available for Pro users. Sign up to see all Ermenegildo Zegna Group competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Ermenegildo Zegna Group
| When was Ermenegildo Zegna Group founded? | Ermenegildo Zegna Group was founded in 1910. |
| Where is Ermenegildo Zegna Group headquartered? | Ermenegildo Zegna Group is headquartered in Italy. |
| Is Ermenegildo Zegna Group publicly listed? | No, Ermenegildo Zegna Group is a private, VC-backed company. |
| What is Ermenegildo Zegna Group's valuation? | Ermenegildo Zegna Group was last valued at $3.2B in its strategic investment round in July 2021. |
| What was Ermenegildo Zegna Group's last funding round? | Ermenegildo Zegna Group's last funding round was a strategic investment round in July 2021, led by Investindustrial. |
| Who are Ermenegildo Zegna Group's investors? | Ermenegildo Zegna Group's investors include Investindustrial. |
| Which companies are comparable to Ermenegildo Zegna Group? | Companies comparable to Ermenegildo Zegna Group include Henan Liliang Diamond, Christian Louboutin, Burberry, Welspun Living, Lao Feng Xiang and Yuyuan Jewelry & Fashion Group. |
| How many companies has Ermenegildo Zegna Group acquired? | Ermenegildo Zegna Group has acquired 3 companies, including Dondi, Thom Browne and Bonotto. |
| What was the largest acquisition by Ermenegildo Zegna Group? | The $588M acquisition of Thom Browne in August 2018 is the largest acquisition Ermenegildo Zegna Group has made to date. |
| How many companies has Ermenegildo Zegna Group invested in? | Ermenegildo Zegna Group has invested in 1 company, including Norda Run. |
| What was Ermenegildo Zegna Group's last investment? | In December 2025, Ermenegildo Zegna Group invested in Norda Run's strategic investment round. |
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