Zegna's Mixed Signals: Growth Slows, Shares Drop

Zegna's Q3 results are in, and investors aren't thrilled! Despite a slight revenue increase, the luxury brand missed expectations, triggering a stock dip. Direct-to-consumer sales are up, but a sharp wholesale decline and mixed brand performance are raising concerns about Zegna's growth strategy in a volatile global market. Is their bet on direct channels enough to navigate the challenges ahead?The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.