Monterubello completed the acquisition of an additional stake in Zegna Group.

Monterubello, a Zegna family holding company, completed the acquisition of an additional stake in Zegna Group, an Italian luxury fashion house producing men's clothing and accessories. Financial terms were not disclosed. “Our family firmly believes that the purchase of additional shares in the Ermenegildo Zegna Group represents a very strong investment. Given market volatilities and uncertainty, the Zegna family believes that the Group’s current stock valuation does not reflect its real potential,” Ermenegildo Zegna, Monterubello Chairman and Zegna Group Chairman and CEO.