Ermenegildo Zegna (ZGN) has released an update.
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Ermenegildo Zegna Group has announced its Annual General Meeting scheduled for June 26, 2024, with materials available online and a proposed shareholder dividend distribution of €0.12 per share. Additionally, the company disclosed the exercise of a Put Agreement by Thom Browne, resulting in the sale of a minority stake in Thom Browne Inc. for approximately $25 million, after which the Group will retain about 92% ownership. The luxury fashion group, known for its high-end menswear, has reported revenues of €1.9 billion in 2023.
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