Monterubello s.s., the controlling shareholder of Ermenegildo Zegna N.V., purchased 913,000 ZGN shares in the market as of November 11, 2024. This acquisition represents a direct increase in the Zegna family's ownership of the luxury fashion house.
The holding company, which already holds 60% of the Company's 252,416,479 ordinary shares outstanding at October 31, 2024, also announced its intention to acquire an additional two million ZGN shares in the market in the coming weeks.
Ermenegildo 'Gildo' Zegna, Chairman of Monterubello and Chairman and CEO of the Ermenegildo Zegna Group, stated that the family firmly believes this purchase represents a very strong investment. He added that, given market volatilities and uncertainty, the Zegna family believes the Group’s current stock valuation does not reflect its real potential.
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