The Zegna Group continues to perform strongly: second-quarter revenue exceeded expectations

Gildo Zegna, the group’s executive chairman, states this clearly and with satisfaction, but without excessive emphasis, in keeping with the style of both the man and the company: ‘The second-quarter results have surprised even us. We are fully aware of the consistency, patience and confidence with which we have worked and invested in the strategy we had outlined. However, the markets’ response has nevertheless astonished us with its intensity and positivity. Now the overriding priority we must set ourselves is this: to stay focused, enjoy the moment, but from tomorrow onwards get back to work on the projects we have underway. Indeed, let’s savour the moment and start looking straight away to… tomorrow, precisely.”

Let’s take a look at these results: the group’s revenue – which includes the Zegna, Tom Ford and Thom Browne brands – rose to 517.1 million in the second quarter of 2026, up 11 per cent on an organic basis, “reflecting a sequential acceleration across all brands, with Zegna leading the group’s performance”, according to the statement released before the market opened in New York, where Zegna is listed. Revenue for the Zegna brand stood at 324.3 million, up 16.5 per cent on an organic basis, whilst Thom Browne’s revenue recorded organic growth of 2.7 per cent.

The DTC (direct-to-consumer, brand-owned stores) channel grew in the second quarter to 410.9 million, up 17.3 per cent on an organic basis, with all three brands posting double-digit growth, “reflecting the group’s strategic decision to prioritise a retail-first business model and direct relationships with customers”. The increase in sales was also geographically balanced, with solid growth across all regions, led by the Americas, whilst Greater China showed further strengthening during the quarter. This recovery, which Gildo Zegna had already highlighted following the first-quarter results, has now been confirmed.

Looking at the first six months of 2026, the group’s revenue reached 987.3 million, up 6.4 per cent year-on-year (YoY) and 9.3 per cent on an organic basis. Further investment in retail is planned for the second half of the year, with the opening of five Zegna shops (three in the United States), five Tom Ford stores and four Thom Browne stores. Thom Browne will present its womenswear collection at New York Fashion Week in September, following the exceptional reception of its first menswear show during Milan Men’s Fashion Week last June.

“Underpinning this performance is the strength of our customer-focused approach, which has driven 17 per cent organic growth in the Direct-to-Consumer channel and double-digit expansion across all brands. In June, the Villa Zegna event in Los Angeles provided us with a further opportunity to connect with our customers and share with them a model that is rooted in our authentic heritage and draws its strength from our extraordinary Italian supply chain,” adds Gildo Zegna. I am also pleased with the progress made by Thom Browne and Tom Ford. Their results reinforce our confidence in the strategy we have adopted. We know we are only at the beginning of a journey on which we will continue to work with patience and discipline, convinced that value is built over time. For the rest of the year, we will continue to focus on our priorities, with the determination and discipline needed to turn our ambitions into results.”