Ermenegildo Zegna (businessman) explained

Ermenegildo "Gildo" Zegna (pronounced as /it/; born 30 September 1955) is an Italian entrepreneur and manager, Chairman and CEO of Ermenegildo Zegna Group. As a third-generation member of his family, he oversees the company, which was founded by his grandfather and namesake in 1910 in Trivero.

Early life and education

Gildo is a grandson of Ermenegildo Zegna, who founded the family business in 1910. Born in Turin in 1955 and grown in Biella,[1] Gildo Zegna's father, Angelo, along with his brother Aldo, had been overseeing the business since the mid-1960s. Angelo served as the Company's honorary chairman until his death in 2021.[2] [3]

Gildo Zegna graduated with a degree in economics from the University of London in 1978. In 1981, he completed a managerial program at the Harvard Business School.[4]

Career

Gildo Zegna entered the family business in 1982, assuming the role of President of Ermenegildo Zegna Corporation, where he managed the distribution of Zegna products in the U.S. and Canada.

From 1986 to 1989, he served as CEO of Italco SA, supervising the distribution of Zegna products in Spain.

Gildo Zegna has been a board member of Ermenegildo Zegna Group since 1989, becoming chief executive officer in 1997.[5]

Under his guidance the Group - born as a textile company which then developed into high-end menswear - has grown to become one of the main global players in the luxury sector, listed on the New York Stock Exchange,[6] also thanks to the acquisition of Thom Browne in 2018[7] and more recently, in 2023, of the TOM FORD FASHION business.[8]

In December 2021 the Group was listed on the New York Stock Exchange; subsequently, Ermenegildo Zegna also assumed the role of Chairman in addition to that of CEO. [9]

Assignments and honors

Gildo Zegna was awarded the title Knight of Labour (Cavaliere del lavoro) in 2011 by Italian president Giorgio Napolitano.[10]

Besides leading the Zegna Group, Gildo Zegna serves as the Chairman of the board of directors at Thom Browne Inc., at Monterubello (the family company)[11] and at Tom Ford International. Additionally, he holds the position of Chairman at Filati Biagioli Modesto.[12] Gildo Zegna is also a member of the Strategic Committee and Advisor of Camera Nazionale della Moda Italiana (The National Chamber for Italian Fashion).[13]

From 2014 to 2018, he was a board member at Fiat Chrysler Automobiles NV.

In 2016, he received the Leonardo Prize from Italian President Sergio Mattarella, a prestigious award given to an Italian personality who has acted in a significant way to promote the image of Italy in the world.[14]

Personal life

He is married and has two sons.[15]

Honours

Notes and References

  1. Book: Schwass, Joachim. Wise Growth Strategies in Leading Family Businesses.. Palgrave Macmillan. 2005. 17.
  2. Web site: Dream Weavers. Vanity Fair. en. 2019-10-07.
  3. Web site: Carrera . Martino . 2021-08-20 . Angelo Zegna, Son of Ermenegildo Zegna, Dies at 97 . 2022-05-04 . WWD . en-US.
  4. Web site: 2015 - Ermenegildo Zegna. Comitato Leonardo. en-US. 2019-10-07.
  5. Web site: Gildo Zegna, Ermenegildo Zegna Group: Profile and Biography - Bloomberg Markets. 2019-10-07. Bloomberg.com.
  6. Web site: Snelling . Brin . How Zegna, Italian Luxury Retailer, Is Reinventing Itself As A Public Company . 2024-07-22 . Forbes . en.
  7. Web site: 2023-07-05 . Italian tailor Ermenegildo Zegna acquires Thom Browne Reuters . 2024-07-22 . web.archive.org.
  8. Web site: Tognini . Giacomo . Tom Ford’s $2.8 Billion Deal To Sell His Fashion Brand To Estée Lauder Makes Him A Billionaire . 2024-07-22 . Forbes . en.
  9. Web site: Consiglio di amministrazione Ermenegildo Zegna Group . 2024-07-22 . Zegna Group . it-IT.
  10. Web site: 2011-05-31 . Boglione, Paglieri e Zegnanuovi cavalieri del lavoro . 2024-07-22 . la Repubblica . it.
  11. Web site: 2024-07-22 . La Ermenegildo Zegna vale più di due miliardi - ItaliaOggi.it . 2024-07-22 . web.archive.org.
  12. Web site: US . FashionNetwork com . Prada, Zegna buy majority stake in Filati Biagioli Modesto . 2022-05-04 . FashionNetwork.com . en-US.
  13. Web site: Consiglio di amministrazione Ermenegildo Zegna Group . 2022-05-04 . Zegna Group . it-IT.
  14. Web site: Gildo Zegna Honored at the Leonardo Prizes. Turra. Alessandra. 2016-03-08. WWD. en. 2019-10-07.
  15. Web site: Tempting big spenders with their own language - Business - Chinadaily.com.cn. www.chinadaily.com.cn. 2019-10-07.