Temasek to acquire a 10% stake in Ermenegildo Zegna for $126m.

Temasek, a global investment company, agreed to acquire a 10% stake in Ermenegildo Zegna, a global luxury company with a leading position in the high-end menswear business, for $126m. “I am delighted to welcome Temasek as a strategic investor in our Group’s shareholder base. Their investment is a strong endorsement of our vision and long-term growth potential, while firmly recognizing the global significance of the Italian luxury sector. With Temasek’s partnership, we are even better positioned to help strengthen our organic expansion globally and to reinforce our unique role as a custodian of truly authentic brands,” Ermenegildo “Gildo” Zegna, Ermenegildo Zegna Chairman and CEO.