Expert Chaslau Koniukh
  • Companies
  • Global investment
  • Investors
  • Terminology
  • Economy
  • Stock Market
  • World exchanges
  • Tech and Marketing
Luxury house
Stock Market

Luxury house Ermenegildo Zegna plans to go public

23.04.2022
2 min read

Luxury house Ermenegildo Zegna has teamed up with the Investindustrial Acquisition SPAC company

Luxury house Ermenegildo Zegna plans to list on the NYSE, the brand is valued at $3.2 billion. The listing will be done through a merger with SPAC-company Investindustrial Acquisition. The listing is expected to raise $880 million.
A 62% stake in the combined company will go to Zegna and SPAC will own 11%. The brand plans to use part of the $250 million raised to expand its menswear production, as well as takeovers and mergers of other businesses.
Ermenegildo Zegna was founded in Italy in 1910 by Ermenegildo Zegna. The brand specializes in making fabrics, clothes, shoes, accessories and perfumes for men. The brand has several lines, which include clothes for events, casual, sports and others.
The history of the luxury house began with a small textile factory, which produced fine fabrics and sheep’s wool. Gradually Zegna products began to be delivered to 40 countries of the world and in 1938 the company expanded the product line and opened a factory to produce clothes under its own brand. In 1942 Ermenegildo’s sons joined the business and gave a good start to the development of the house.Luxury house Ermenegildo ZegnaIn 1966, the company mastered the new direction – sewing men’s clothing and making accessories. In 1972, the brand introduced a service unique for that time – su misura. It consists in the fact that the client chose from a catalog fabric, told about his preferences, and the tailor according to his measurements sewed the necessary thing. Around the same time the sons of the founder launched the production in Spain, and then in Greece. In 1997, there was a factory in Switzerland, and a little later appeared the enterprises of Zegna in Turkey and Mexico.
The company used high quality fabrics, including Austrian wool and Chinese cashmere. For this purpose the luxury house since 1963 held competitions between Australian farmers to choose the best wool, which would go to the production of clothes. There is a separate award for African producers of fabric from goat’s down. The main requirement is that the products must be thin and delicate, and for this purpose the undercoat of the goats no older than 6 months is cut off.
In 2002, Zegna gave an award for the thinnest bale of wool, which must be no more than 11.5-11.7 microns thick. Such fabric is used to sew a limited number of suits, the price of which is 25 thousand dollars.
The company produces luxury products, designed for a wealthy clientele. However, it boasts a variety of lines, which allows you to look stylish in any situation. The brand’s clothing is perfectly complemented by exclusive accessories.

Tags: Stock Market
0
Previous Post Taliban: the tax penalty in Afghanistan will be abolished Next Post How IT platforms help to effectively conduct business: the experience of companies

You Might Also Like

India's stock index
Stock Market
India’s stock index shows the country’s bright future
18.08.2025
Xpeng Motors
Stock Market
Chinese company Xpeng Motors placed its shares on the New York Stock Exchange
28.04.2021
The European Union created a fund
Stock Market
The European Union created a fund of 5 billion euros to help businesses
13.05.2022
world markets
Stock Market
The world markets are under attack: an overview of the situation
12.09.2022
initial token offering
Stock Market
Pump.fun completed the largest initial token offering
09.10.2025
The Swiss financial regulator
Stock Market
Swiss financial regulator allows cryptocurrency fund activity
12.06.2022

Popular Posts

  • Ingeborg Mootz: a woman who became a stock player at the age of 75
  • Li Ka Shing: How can success be achieved without money and education?
  • Skolkovo analysts: the Russian energy market is suffering losses
  • Businessman Chuck Feeney: the man who gave the world Duty Free

Editor's Picks

Chaslau Koniukh
Analytics

American bankers from JPMorgan and Goldman Sachs advise to invest in gold: review by Chaslau Koniukh.

Press Secretary
17.08.2020
Expert Chaslau Koniukh
Analytics

Chaslau Koniukh on the analysts’ opinion on the key stake size change soon

Press Secretary
18.06.2020
expert Chaslau Koniukh
Analytics

Chaslau Koniukh: Internet trade market in Russia may reach 2.78 trillion rubles.

Press Secretary
30.05.2020
Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh
Analytics

Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh

Press Secretary
16.05.2020

Popular Posts

  • Ingeborg Mootz: a woman who became a stock player at the age of 75
  • Skolkovo analysts: the Russian energy market is suffering losses
  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Analysts: Egypt’s economy to continue falling in 2023
  • Field of activity of the American Monsanto Company Corporation
Expert Chaslau Koniukh
  • Facebook
  • Twitter
  • Instagram

© 2024 CHASLAU KONIUKH. ALL RIGHTS RESERVED. Expert in marketing and project management, international investments, financial analyst.

Menu

  • Biography
  • Companies and corporations
  • Global investment
  • Investors and Entrepreneurs
  • Economy
  • Market terminology
  • Stock Market
  • World exchanges
  • Tech and Marketing
  • Analytics