Temasek Holdings has acquired a ten p.c minority stake within the Ermenegildo Zegna Group, the guardian firm of luxurious menswear model Zegna, Thom Browne and Tom Ford Style. The deal entails the acquisition of 14.1 million shares at USD 8.95 per share, amounting to roughly USD 126.4 million (or SGD 162.9 million). This brings Temasek’s whole holdings within the group to 26.8 million shares, following a earlier acquisition of 12.7 million shares, now collectively representing 10 p.c possession.
The transaction is about to shut by 30 July 2025. The partnership goals to speed up Zegna Group’s international enlargement and retail progress, with Temasek contributing its expertise in luxurious and information of the Asian market.
One potential motive Temasek Holdings is exploring style investments within the area could possibly be the valuation alternatives created by international market volatility — significantly after disruptions like US President Donald Trump’s commerce conflict, which made a number of luxurious and consumer-facing corporations extra enticing resulting from depressed inventory costs.
Proceeds from the transaction will probably be used to strengthen Zegna’s steadiness sheet and help enlargement into new markets — significantly in Asia — the place Temasek’s regional experience is anticipated to play an essential function, the assertion learn.
Nagi Hamiyeh — head of Europe, Center East and Africa — at Temasek will be part of Zegna Group’s board as a non-executive director. As of March 2025, Temasek’s portfolio is valued at SGD 434 billion. Temasek has a historical past of style investments — together with Moncler in 2016, a stake in Farfetch in a USD 110 million round that very same 12 months and a 30 p.c share in Stone Island in 2017 (later offered to Moncler in 2020).
Gildo Zegna — Chairman and CEO — characterised Temasek’s partnership as a robust vote of confidence within the firm’s long-term imaginative and prescient and progress ambitions. He emphasised that the collaboration reinforces Zegna’s function as a guardian of real luxurious heritage.
“With Temasek on board, we’re in a stronger place to speed up our international enlargement,” Zegna mentioned, reaffirming that the corporate stays firmly underneath household management. “The enterprise just isn’t on the market, and that won’t change,” he acknowledged.
For extra on the newest in international financial and enterprise reads, click on right here.
