Zegna Group Announces Acquisition of 85% of Thom Browne | SENATUS

ASIA'S PREMIER LUXURY & LIFESTYLE MAGAZINE

SENATUS.NET

Zegna Group Announces Acquisition of 85% of Thom Browne
By SENATUS Magazine | 29 August 2018
The Ermenegildo Zegna Group announced today that it has reached an agreement with Sandbridge Capital and with Mr. Thom Browne for the acquisition of 85% of Thom Browne Inc. for an enterprise valuation of approximately half a billion dollars. Mr. Thom Browne will be the sole other shareholder, with the balance of the Company’s shares.

The Thom Browne business will remain independently run, in order to pursue and accelerate the strong and profitable growth trajectory that the brand has seen over the past several years. As such, Mr. Thom Browne will continue in the same capacity as Chief Creative Officer and Rodrigo Bazan will retain his role as Chief Executive Officer.

Ermenegildo Zegna, Chief Executive Officer of the Zegna Group said: "As global leaders in luxury menswear, we have always been open to opportunities for external growth. And, since we started looking at partnerships, I always knew that Thom Browne would be the perfect fit.”
1 Photo | View Photos

Motoring

Ferrari Monza SP1 and SP2

Fashion & Style

Riccardo Tisci Debuts Collection for Burberry Spring-Summer 2019 at London Fashion Week

Fashion & Style

Front Row at TOM FORD Spring-Summer 2019 Presentation at New York Fashion Week

Fashion & Style

Lady Gaga at the Premiere of "A Star is Born" at 2018 Venice Film Festival

Fashion & Style

Play it like Hermès - Women's Autumn-Winter 2018

Fashion & Style

TOM FORD Spring-Summer 2019 NYFW

All Rights Reserved. SENATUS © 2018
 

SENATUS is a registered trademark of SENATUS PTE LTD. The material on this site may not be reproduced, distributed, transmitted, cached or used otherwise, except as expressly permitted in writing by SENATUS.