Zegna Group Closes 14 Stores Globally Amid Retail Restructuring
The Ermenegildo Zegna Group has closed 14 stores worldwide during the first half of fiscal 2026 as part of a broader strategy to optimize its retail network. The company is focusing on high-performing brands and markets while reducing underperforming locations, particularly in EMEA and Greater China. CEO Gianluca Tagliabue emphasized that closures are not solely due to expiring leases but reflect an ongoing effort to reallocate resources toward more profitable operations. Zegna's strategy includes a shift from wholesale-driven models—especially for Thom Browne—to direct retail control, which allows greater brand consistency and pricing power. Despite store closures, the company plans new flagship openings in key markets, signaling continued investment in physical retail where it sees strategic value. The first half of fiscal 2026 saw overall revenue growth driven by strong performance in the Americas and Greater China.
