MILAN – Capitalizing on the momentum of its manufacturers, the Ermenegildo Zegna Group is welcoming a brand new accomplice.
Zegna has inked an settlement to promote 14.1 million shares to Venezio Investments Pte. Ltd., an oblique wholly-owned subsidiary of Singapore-based funding firm Temasek Holdings.
The worth was pegged at $8.95 a share, a median of Zegna share costs over the interval from June 30 to July 25, in order that upon the closing, anticipated on Wednesday, the Italian group will obtain a complete of $126.4 million.
Zegna is publicly listed on the New York Inventory Alternate and Temasek beforehand acquired 12.7 million extraordinary by market purchases. After the closing of the transaction, Temasek will personal a complete of 26.8 million shares, equal to 10 % of Zegna.
“I’m delighted to welcome Temasek as a strategic investor in our group’s shareholder base,” mentioned Gildo Zegna, chairman and chief govt officer of the group. “Their funding is a robust endorsement of our imaginative and prescient and long-term development potential, whereas firmly recognizing the worldwide significance of the Italian luxurious sector. With Temasek’s partnership, we’re even higher positioned to assist strengthen our natural growth globally and to strengthen our distinctive position as a custodian of really genuine manufacturers.”
Nagi Hamiyeh, head of EMEA of Temasek, said that the Zegna Group “has efficiently established itself within the high-end luxurious section and presents vital long-term worth creation alternatives throughout every model. Our funding in them underscores our ongoing dedication to help main European companies with sturdy monitor information and international potential.”
Hamiyeh concluded by saying that Temasek can be “a considerate, long-term accomplice to the Zegna household and administration group, empowering them to execute on their development technique and supporting their imaginative and prescient to raise their iconic manufacturers and international footprint.”
In a press release, Zegna mentioned “the improved monetary flexibility will enable the group to fastidiously seize chosen alternatives for accelerating the natural development of the present model portfolio.” It pointed to Temasek’s “wealth of expertise within the luxurious sector and deep information of the Asian market” contributing to the Zegna group’s “development prospects and help the growth in key geographies” the place it’s nonetheless underdeveloped.
Hamiyeh is predicted to affix the Zegna Group’s board of administrators in June 2026.
Temasek has a variety of investments in numerous enterprise, amongst that are Amazon, Visa Inc. and Singapore Airways. It had beforehand invested in Stone Island and Li & Fung.
