The Ermenegildo Zegna Group is shaping its future with a new leadership structure. The Italian company, founded in 1910 in Trivero (in the province of Biella), announced a new leadership structure for the company as a whole and for the Zegna brand on Monday, November 24. The appointments will take effect on January 1, 2026 and the changes follow a thorough succession planning process led by the Board of Directors.
From left: Angelo Zegna, Gildo Zegna, Gianluca Tagliabue, and Edoardo Zegna – Gruppo Ermenegildo Zegna
Ermenegildo “Gildo” Zegna, currently the group’s chairman and CEO, will assume the role of executive chairman, the company said in a statement. In this capacity, he will focus on safeguarding the legacy and integrity of the company’s three brands (Zegna, Thom Browne, and Tom Ford Fashion), while continuing to promote long-term value creation. He will also maintain oversight of the group’s Textile Division, the Office of the General Counsel (including the Internal Audit department), and the External Relations department, which encompasses Sustainability, Investor Relations, and Corporate Communications.
Gianluca Tagliabue, currently the group’s chief financial officer and chief operating officer, will become CEO of the entire Ermenegildo Zegna Group, subject to shareholder approval. Working closely with the executive chairman, Gianluca Tagliabue will be responsible for defining and implementing the company’s long-term strategy, improving business performance across all of its brands, and strengthening the integration of corporate functions. He will also oversee operations. The CEOs of the group’s brands will report to him.
Gian Franco Santhià, currently Group control and chief accounting officer, will be appointed CFO of the group, reporting to CEO Tagliabue.
Edoardo and Angelo Zegna, members of the fourth generation of the Zegna family, will be appointed Co-CEOs of the Zegna brand, succeeding Gildo Zegna, who held this position for more than 20 years. Edoardo Zegna, currently Zegna’s chief marketing and digital officer and the group’s chief sustainability officer, will lead all aspects of brand strategy, from image to communications and, together with Zegna artistic director Alessandro Sartori, the design of the collections and stores.
Angelo Zegna, currently Zegna’s EMEA CEO and global client strategy director, will oversee product development, merchandising, and commercial strategy, driving performance across markets and channels.
“One of the most important responsibilities of a leader is to look ahead, prepare for the future and empower the next generation of leadership,” said Gildo Zegna, chairman and CEO of the Ermenegildo Zegna Group, in the statement. “This belief has always been deeply rooted in our family values and is the driving force behind today’s announcement. Together with the Board of Directors, I have asked Gianluca Tagliabue to take on the role of Group CEO. Over the past ten years, Gianluca has been a central figure, and together we have navigated fundamental transformations. The Ermenegildo Zegna Group is a custodian of authenticity. Gianluca embodies this philosophy and, in his leadership role, will support the CEOs of our brands in pursuing the group’s mission.”
“Edoardo and Angelo,” Gildo Zegna continued, “have complementary skills and a clear long-term vision, making them the best team to lead the Zegna brand. Together, they will not only carry on the 100-year legacy of the Zegna brand, but will further strengthen it. As executive chairman, I will stand alongside our new leadership team […]. I will also continue to oversee the group’s textile platform- where it all began.”
The Ermenegildo Zegna Group, with its leading position in the high-end menswear sector, employs more than 7,100 people and reported revenues of €1.95 billion in 2024.
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To coincide with Milan Fashion Week, the S|STYLE 2025- Denim Lab is setting up at Fondazione Sozzani for an edition devoted to the future of sustainable denim and water management in the textile industry. Led by the S|STYLE Sustainable Style platform, founded in 2020 by independent journalist and curator Giorgia Cantarini, this initiative forms part of an ongoing programme of research and experimentation into responsible innovations applied to contemporary fashion.
Designers brought together for the S|STYLE 2025 – Denim Lab project – Denim Lab
The exhibition, open to the public on September 27 and 28, features a site-specific art installation by Mariano Franzetti, crafted from recycled and regenerative denim. Conceived as an immersive experience, it brings fashion design, technological innovation and artistic expression into dialogue.
Water: a central issue in fashion sustainability
Developed in collaboration with Kering‘s Material Innovation Lab (MIL), the Denim Lab brings together a selection of young international designers invited to create a denim look using low-impact materials and processes. They benefit from technical support and access to textiles developed with innovative technologies aimed at significantly reducing water consumption, chemical use, and the carbon footprint of denim production.
This edition places water at its core, an essential issue for a fabric whose production has traditionally demanded substantial volumes of water, from cotton cultivation through to dyeing and finishing. Denim therefore serves as an emblematic testing ground, both familiar and closely associated with the environmental challenges facing the fashion industry.
Outfit created for the Denim Lab by designer Gisèle Ntsama, one of the participants – Maison Gisèle
The fabrics were developed by PureDenim Srl, a specialist in low-impact dyeing techniques, while treatments and finishes were applied by Tonello Srl, a recognised leader in sustainable washing and finishing technologies. The selected designers, from Europe, Asia, and Africa, each offer a distinctive interpretation of denim, blending formal exploration, textile innovation and reflection on the contemporary uses of clothing.
Next has won the bidding race to take over the Russell & Bromley premium footwear business, ending almost a century-and-a-half of family ownership.
Russell & Bromley
Working with bidding partner and stock clearance specialist Retail Realisation, it’s set to takeover the 147-year-old retailer under a pre-pack administration deal.
Crucially, it means 33 of the company’s standalone stores/outlets and nine concessions (many of them in Fenwicks branches) are likely to eventually close.
The extent of the challenges Russell & Bromley faced can be seen from the fact that this is only a £2.5 million cash deal. Next is also paying £1.3 million for some of the retailer’s current stock with Retail Realisation handling the clearance of the rest.
Assuming the deal gets court approval on Wednesday afternoon, Next will own the intellectual property and just three of the stores.
Those stores are in London’s Chelsea and Mayfair, as well as the Bluewater shopping centre in Kent. Interestingly, that Bluewater store is just a stone’s throw away from the former House of Fraser branch that this year will reopen as a Next megastore.
The remaining stores and concessions will continue to trade for “as long as [they] can” as Interpath’s Will Wright and Chris Pole “assess options for them”. Russell & Bromley currently has around 440 employees.
A source close to another bidder, Auralis, told The Times it was disappointing that its offer, which aimed to safeguard jobs and stores, wasn’t given greater priority by those running the sale.
Russell & Bromley CEO Andrew Bromley called the sale decision a “difficult” one but insisted it’s “the best route to secure the future for the brand… we would like to thank our staff, suppliers, partners and customers for their support throughout our history”.
So what are Next’s plans now. That’s not clear. There had been a lot of attention focused on its likelihood of closing the store chain in the run-up to the sale but on Wednesday, Next said that it will “build on the legacy” of the business and “provide the operational stability and expertise to support Russell & Bromley’s next chapter”.
Next had also been reported to be eyeing a similar deal for LK Bennett, but Sky News reported that it has stepped away from this.
It remains one of the most acquisitive retailers on the UK high street, however, and in recent years has bought brands such as Cath Kidston, Joules, FatFace, Made and Seraphine. It also has deals to handle other key brands in the UK market such as Gap, Victoria’s Secret and Laura Ashley.
Global asset management firm GoldenTree will buy a chunk of a $1 billion bankruptcy financing for luxury retailer Saks Global, Bloomberg News reported on Tuesday, citing people familiar with the matter.
A Neiman Marcus store, part of the Saks business – Neiman Marcus
GoldenTree, which is founded by billionaire Steve Tananbaum, has committed to buy a roughly $200 million portion of the so-called debtor-in-possession financing, according to the report.
Saks Global and GoldenTree did not immediately respond to Reuters requests for comment.
The high-end US department store conglomerate filed for Chapter 11 bankruptcy protection on January 13, after a debt-laden takeover.