Ermenegildo Zegna Group announced that Singapore’s Temasek Holdings will acquire a 10% stake in the Italian luxury fashion house through a $126.4 million investment. Temasek will purchase 14.1 million treasury shares at $8.95 per share, adding to its existing holdings and bringing its total stake to 10% of Zegna’s outstanding share capital. The investment values the shares at their recent average market price. Zegna Group said the deal strengthens its balance sheet and will help accelerate global growth, particularly in underdeveloped markets.