TOM FORD's sweater has been spun in Italy from a silk and wool-blend that's smooth and soft against the skin. Designed with a relaxed V-neck and bordered with flexible ribbed trims, it's dyed a nice peach fuzz shade with a subtle metallic finish.
Not only is this the color of the year, there’s a massive projected growth for the brand 👏
The Ermenegildo Zegna Group forecast average growth above 10 percent per year mid-term as the Italian menswear specialist pursues its newfound momentum as a multi-brand, listed fashion company. The group hopes to double its profitability from an adjusted EBITDA margin of 10 percent last year to 20 percent within the next few years, Zegna added in an investor presentation in New York on Tuesday.
Zegna's event marked the first time the Italian luxury company had revealed plans for its Tom Ford unit after taking over fashion operations for the label earlier this year in a deal with cosmetics giant Estée Lauder Companies, which purchased Tom Ford for $2.8 billion in late 2022.
Zegna said it would focus on boosting TOM FORD's womenswear — which currently represents just 30 percent of the unit's sales. In particular, it wants to grow the brand's accessories offer, which currently only makes up around 10 percent of the womenswear trade.
Selling more shoes and accessories and less top-priced evening wear would likely be a boon for the label's margins — as well as help it broaden its relevance among shoppers who look to luxury brands for items they can wear often.
