In 2025, Ermenegildo Zegna faced modest top-line pressure with revenues slightly down by 1.5% yet delivered a notable 20.5% increase in net profit, reflecting operational efficiencies and pricing strategies amid inflationary costs. Its well-curated portfolio of ZEGNA, Thom Browne, and TOM FORD FASHION supported diverse luxury segments under a tightly controlled vertically integrated supply chain known as the Filiera. Expansion of its direct-to-consumer network to 471 stores worldwide and disciplined capital management helped offset macroeconomic headwinds including fluctuating tourism and cost pressures. The company remains focused on leveraging its luxury manufacturing heritage while navigating risks linked to inflation and international travel recovery.