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The Business of Fashion Podcast

Ermenegildo Zegna Talks Bold Investments | Inside Fashion

The Business of Fashion Podcast

The Business of Fashion

Business, Fashion & Beauty, Arts

4.5813 Ratings

🗓️ 7 December 2018

⏱️ 25 minutes

🧾️ Download transcript

Summary

Ermenegildo Zegna sits down with Imran Amed at the BoF China Summit to discuss the forward-looking, “millennial mindset” approach that underpins Zegna Group’s market strategy.

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Transcript

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0:00.0

Explain to us the rationale of the Tom Brown acquisition.

0:07.0

It's an incredible integration with our supply chain.

0:09.0

We still are those guys that produce 70% of what we sell in our own plants,

0:15.0

from ship to shop, from shop to screen.

0:17.0

In this quest to attract this wealthy millennial, do you worry about alienating the previous

0:24.3

Zena customer, the one that, you know, was your loyal customer? Why not? Because I am one of them

0:29.9

and I try not to be alienated. I like to talk about the millennial mindset, not only age. In the

0:36.7

essence, speed is what makes this market

0:40.2

different. So if you don't watch who your competition is and how it moves, you are out of

0:46.9

this market in a matter of two seasons. Hello, this is Imran Ahmed, founder and CEO of the

0:53.1

Business of Fashion and welcome to the BOF podcast.

0:56.3

This week on Inside Fashion, we're going back to Shanghai to the BOF China Summit, which happened in October.

1:02.1

I had a very interesting conversation with the chairman and CEO of Hermano Jildo Zena, whose name also happens to be Hermannu Jildo Zena.

1:14.6

He's named after his grandfather who founded the company many years ago. The Zena business is in a period of transition.

1:16.6

Recently, the company made industry headlines when it announced that it had acquired Tom Brown.

1:23.6

The fast-growing high-end luxury mens's-ware business based out of New York.

1:28.3

And as I spoke to Mr. Zena, I learned the underlying thinking and strategy behind this acquisition.

1:33.7

And I also learned Mr. Zena's plans for the ever-important Chinese fashion market.

1:38.4

So here's Hermann and Jildo Zena at the B.OF China Summit inside fashion.

1:56.0

All right, Jildo, I wanted to start actually, I think Zena was one of the very, very first big luxury brands to come to this market. And I thought we could start by talking a little bit about the early days.

2:00.0

I think it was 1991. Correct. when Zena first entered this market.

2:04.6

Could you just give us a bit of a description of what the market was like then?

...

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