Ermenegildo Zegna Group posted 1.94 billion euros ($2.1 billion) in revenue for 2024, with net profit falling to 90.9 million euros ($98 million) from 136 million euros ($147 million) in 2023, largely due to higher taxes. EBIT dropped to 184 million euros ($200 million) but exceeded market expectations. Zegna brand sales rose 4.9% to 1.16 billion euros ($1.26 billion), while Thom Browne declined 16.8% to 315 million euros ($342 million), and Tom Ford Fashion grew 33.5% to 315 million euros ($342 million) following a creative leadership change. Regionally, Greater China fell 14.5% to 509 million euros ($552 million), while the Americas and Asia-Pacific excluding China saw double-digit growth.