The Zegna family, through its holding company Monterubello, has increased its stake in the Ermenegildo Zegna Group, demonstrating the family’s confidence in the brand. Monterubello now holds 60% of Zegna Group’s shares and recently acquired an additional 0.4%, with plans to purchase another 1.2% in the coming weeks. Since its initial public offering on the New York Stock Exchange on December 20, 2021, the Ermenegildo Zegna Group has faced market uncertainty and volatility, with its stock price falling 27% over the past three months. Gildo Zegna, Chairman of Monterubello and the Ermenegildo Zegna Group, stated that the family believes the current stock valuation does not reflect the true potential of the group.