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Temasek to Raise Stake in Luxury Fashion House Ermenegildo Zegna to 10%
The Straits Times
|July 31, 2025
Singapore's investment company Temasek will increase its stake in Ermenegildo Zegna Group to 10 percent, the companies said on July 29, as the Italian luxury fashion house targets a global expansion in the resilient ultra-luxury market.
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Temasek is exploring investment opportunities in Europe, where volatility resulting from US President Donald Trump's global trade war has made some companies more attractive on valuation grounds.
One person familiar with the transaction told Reuters that Temasek saw "fertile ground" in Zegna, which is increasingly open to international investors.
Under the deal, which was expected to close by July 30, Temasek would purchase 14.1 million Zegna Treasury shares at US$8.95 each for US$126.4 million (S$162.6 million), the companies said in a statement.
Added to the 12.7 million shares it previously acquired on the open market, that brings Temasek's total stake to 10 percent.
Dit verhaal komt uit de July 31, 2025-editie van The Straits Times.
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