Major retailer founded in 1910 closes 14 stores with more on the way
Ermenegildo Zegna Group, founded in 1910, closed 14 stores in H1 2026, with more planned. The company is focusing on high-performing brands and markets, particularly in Greater China. CEO Gianluca Tagliabue stated closures are strategic, not lease-driven, and will redirect investment. The group now has 657 stores globally, with most closures in Europe, the Middle East, Africa, and Greater China, while new openings are concentrated in the Americas. The restructuring may temporarily impact financi





