Ermenegildo Zegna Group to Enter Long-Term License for Tom Ford Fashion with Estée Lauder Companies


As part of this transaction, Zegna Group will acquire the activities of the TOM FORD fashion business necessary to fulfill its obligations as a licensee

MILAN, November 15, 2022–(BUSINESS WIRE)–Ermenegildo Zegna NV (NYSE: ZGN) (“Zegna” or “Zegna Group”) announced today that it has signed an agreement to enter into a long-term license for TOM FORD fashion with The Estée Lauder Companies (“ELC ”). This license is subject to the completion of the acquisition of TOM FORD by ELC, which is expected to occur during the first half of 2023. ELC will be the sole owner of the TOM FORD brand and all its intellectual property.

The Zegna Group, owner of the Zegna and Thom Browne brands, will become a long-term licensee of ELC for all TOM FORD men’s and women’s fashion as well as accessories and underwear, fine jewelry, children’s clothing, textiles and interior decoration products. The Estée Lauder and Zegna Group companies will closely align with the creative direction to continue to strengthen the luxury positioning of the TOM FORD brand.

Zegna Group’s ambition is to position TOM FORD among the most respected and successful luxury fashion brands, building on the Zegna Group platform and capitalizing on the uniqueness of the TOM FORD brand.

Tom Ford, Founder and CEO of Tom Ford International, will continue to be the brand’s creative visionary past the close and through the end of the 2023 calendar.

“TOM FORD is one of the world’s most iconic and distinctive ultra-luxury brands and this next step aligns perfectly with our strategy. We have been partners and shareholders in the TOM FORD fashion business since its inception and I have worked with Tom for many years and consider him a valued friend,” said Ermenegildo “Gildo” Zegna, CEO of the Ermenegildo Zegna Group. “This transaction is our first since our listing on the New York Stock Exchange in December 2021, and confirms our commitment to leveraging our platform to create value for all of our stakeholders.”

transaction details

  • Zegna’s 20-year license agreement with The Estée Lauder Companies allows for automatic renewal for an additional 10 years subject to certain minimum performance conditions

  • As part of this transaction, Zegna will acquire the activities of the TOM FORD fashion business necessary to fulfill its obligations as a licensee

  • The transaction, which Zegna will finance with available cash, is expected to be accretive to Zegna shareholders within the first full year following closing (pre-synergies and associated implementation costs)

  • The transaction, which has been unanimously approved by Zegna’s Board of Directors, is expected to close by the second quarter of 2023, subject to regulatory approvals and other customary conditions.

In this transaction, Zegna received financial advice from UBS with a team led by Riccardo Mulone.


About Ermenegildo Zegna Group

Founded in 1910 in Trivero, Italy, by Ermenegildo Zegna, the Zegna Group designs, creates and distributes luxury men’s clothing and accessories under the Zegna brand, as well as women’s, men’s and accessories clothing under the Thom Browne brand. Thanks to its luxury textile laboratory platform – which strives to preserve the artisanal spinning mills producing the best Italian fabrics – the Zegna Group manufactures and distributes the highest quality fabrics and textiles. The Group’s products are sold in more than 500 stores in 80 countries around the world, of which 299 are directly operated by the Group as of September 30, 2022 (242 Zegna stores and 57 Thom Browne stores). Over the decades, the Zegna group has charted Our course: a unique path that crosses milestones that have seen the group grow from a producer of premium woolen fabrics to a global luxury group. Our road has taken us to New York, where the Group has been listed on the New York Stock Exchange since December 20, 2021. And as we continue to progress on our road to tomorrow, we remain committed to carrying on the legacy of our founder – one that is based on the principle that a company’s activities should help the environment. Today, the Zegna Group is creating a lifestyle that keeps pace with modern times while continuing to connect with the natural world and with our communities that create a better present and future.


About Estée Lauder Companies Inc.

The Estee Lauder Companies Inc.. is one of the world’s leading manufacturers, distributors and sellers of quality skin care, makeup, fragrance and hair care products. The Company’s products are sold in approximately 150 countries and territories under brands such as: Estée Lauder, Aramis, Clinique, Lab Series, Origins, M A C, La Mer, Bobbi Brown, Aveda, Jo Malone London, Bumble and bumble, Darphin Paris, TOM FORD BEAUTY, Smashbox, AERIN Beauty, Le Labo, Editions de Parfums Frédéric Malle, GLAMGLOW, KILIAN PARIS, Too Faced, Dr.Jart+ and the DECIEM family of brands, including The Ordinary and NIOD.


Forward-looking statements

This communication contains forward-looking statements based on beliefs and assumptions and on information currently available to the Company. In some cases, you can identify forward-looking statements by the following words: “may”, “will”, “could”, “would”, “should”, “expect”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “predict”, “project”, “potential”, “continue”, “ongoing”, “target”, “seek” or the negative or the plural of these words, or other similar expressions that are predictions or indicate future events or prospects, although not all forward-looking statements contain these words Any statement referring to expectations, projections or other characterizations of future events or circumstances, including strategies or plans relating to the transaction described herein, are also forward-looking statements.Such statements involve risks, uncertainties and other factors that may cause actual results, activity levels, performance or achievements statements are materially different from the information expressed or implied by such forward-looking statements. Although the Company believes that it has a reasonable basis for each forward-looking statement contained in this communication, the Company cautions you that these statements are based on a combination of facts and factors currently known and projections for the future, which are inherently uncertain. In addition, the risks and uncertainties are described in the Company’s filings with the SEC. These filings may identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Most of these factors are beyond the Company’s control and are difficult to predict. Forward-looking statements contained in this communication include, but are not limited to, statements regarding the transaction described herein, including the timing and structure of the transaction and the benefits of the transaction. The Company cannot assure you that the forward-looking statements contained in this communication will prove to be accurate. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, the risk that the transaction will not be completed in a timely manner or at all, and other risks and uncertainties, including those described in the documents filed by the Company. with the SEC. In light of the material uncertainties in these forward-looking statements, you should not consider these statements to be a representation or warranty on the part of the Company and its directors, officers or employees or any other person that the Company will achieve its objectives and its plans within a specified time. delay, or not at all. The forward-looking statements contained in this communication represent the views of Zegna as of the date of this communication. Subsequent events and developments may alter this view. However, while Zegna may choose to update these forward-looking statements at some time in the future, the Company disclaims any obligation to publicly update or revise any forward-looking statements. You should therefore not rely on these forward-looking statements as representing the views of the Company as of any date subsequent to the date of this communication.

See the source version on


Investor Relations/Group Communication
Francesca Di Pasquantonio
[email protected]
+39 335 5837669

Marco Rubino
+39 335 6509552

Brunswick Group
Brendan Riley / Daria Danelli / Marie Jensen
[email protected] / [email protected] / [email protected]
+1 (917) 755-1454 / +39 348 635 1149 / +33 (0) 6 49 09 39 54


Comments are closed.