The ambitious plan was revealed during Zegna's first Capital Markets Day since its IPO last December.
Group adjusted operating profit amounted to 149 million euros, up more than seven times from the 20 million euros recorded in 2020, thanks to higher full-price sales in the mix and improved efficiencies.
Chief financial and operating officer Gianluca Tagliabue said, “If we isolate China and the current volatility, the rest of the world grew 48 percent” last year. These improvements are seen as offsetting the increase in marketing investments, which — together with capital expenditure now at about 5 percent of group revenues — are expected to support theHolding the event at Oasi Zegna was also symbolic given the company’s ongoing and now increased commitment to the environment. Gildo’s son Edoardo Zegna, chief marketing, digital and sustainability officer, mapped out the group’s environmental, social and governance initiatives.
By that same year, the group aims to have 100 percent of its electricity in Europe and the U.S. come from renewable sources, extending to all the group’s operations by 2027 . Edoardo Zegna emphasized the importance of Made in Italy transparency and traceability and said the “Oasi Cashmere” certified for full traceability and launched in September will be extended and trademarked to all fabrics.
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