The Ermenegildo Zegna Group has announced the sale of 14.1 million shares to Temasek Holdings, the Singapore-based investment firm, through its subsidiary Venezio Investments Pte. Ltd.
The transaction, valued at $126.4 million at $8.95 per share, is set to close this week, giving Temasek a 10 percent stake in the publicly listed Italian luxury group.
Temasek had previously acquired 12.7 million shares on the open market. Following this latest purchase, it will hold a total of 26.8 million shares. The move marks a continued alignment between Zegna and global investment players as the brand accelerates its international ambitions.
Gildo Zegna, the group’s chairman and CEO, called Temasek’s backing “a strong endorsement of our vision and long-term growth potential,” noting the added support for organic expansion and global positioning of Zegna’s portfolio of authentic luxury brands.
Temasek’s Head of EMEA, Nagi Hamiyeh, praised Zegna’s legacy in the high-end space and emphasized the firm’s commitment to being a “thoughtful, long-term partner.” He is expected to join Zegna’s board of directors in June 2026.
With Temasek’s deep experience in luxury and strong presence in Asia, the partnership is poised to enhance Zegna’s growth in key underdeveloped markets. The additional financial flexibility is expected to help the group accelerate brand development while staying rooted in its heritage of craftsmanship and innovation.
Zegna is listed on the New York Stock Exchange and recently previewed its Spring 2026 menswear collection in Milan.