Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

Zenga plans new Singapore store, buys Thom Browne brand

Ermenegildo Zegna has revealed plans to open a new store in Singapore, part of a plan to broaden its reach, which included acquiring young US brand Thom Browne this week.

No details were provided about the store, other than it is part of a broader expansion in Asia, with other stores planned for Beijing and Tokyo.

Ermenegildo Zegna, which has traditionally specialised in high-end Italian suits, is expanding its range in the hope of attracting a new, younger customer demographic. It has bought an 85 per cent stake in Thom Browne from private equity owner Sandbridge Capital in a transaction valuing the brand at US$500 million. Its namesake founder, who started the label in 2001 with a single shop selling by appointment only, will retain 15 per cent of the business and remain as its creative director. Rodrigo Bazan will continue as CEO.

Small, fast-rising brands are attracting a growing market share internationally by satisfying demand for high-end casual wear.

Ermenegildo Zegna, CEO of Zegna Group and the grandson of its founder, says the acquisition was the largest purchase in the family-owned company’s 108-year history.

“We were lucky to do this deal,” he said in an interview reported by the New York Times. “We have been looking for a trophy brand like Thom Browne for quite some time, but everything was either too big, too expensive or not attractive enough as a proposition.

“Then this came up, and I knew that Thom Browne would be the perfect fit for us,” he said.

Besides menswear, Thom Browne produces womenswear, shoes, knitwear and accessories. Annual sales are currently about US$100 million.

You have 7 articles remaining. Unlock 15 free articles a month, it’s free.