Italy's Zegna sales up 50% in the first half, sales accelerate ...

Italian luxury group Ermenegildo Zegna reported on Thursday a 50% rise in first-half revenues, as sales climbed particularly in China. AmansitsinachaironthesidewalkoutsideaclosedZegnastoreon5thAvenue,duringtheoutbreakofthecoronavirusdisease(COVID-19),inManhattan,NewYorkcity,NewYork,U.S.,May11,2020.REUTERS/MikeSegarRegisternowforFREEunlimitedaccesstoReuters.comRegisterMILAN,Oct21(Reuters)-ItalianluxurygroupErmenegildoZegnareportedonThursdaya50%riseinfirst-halfrevenues,assalesclimbedparticularlyinChina.Theadjustedoperatingprofitstoodat67millioneuros($78million),comparedtoalossof52millioneurosinthefirsthalfof2020.ZegnaisexpectedtolistinNewYorkbytheendoftheyearbycombiningwithaU.S.investmentvehicle,givingthemenswearcompanyanenterprisevalueof$3.2billion.readmoreThefamily-ownedgroupsaidthethirdquartershowedasolidgrowthinrevenuescomparedtoayearearlieranditsperformanceattheendofSeptemberwasclosetopre-pandemiclevels.($1=0.8590euros)RegisternowforFREEunlimitedaccesstoReuters.comRegisterReportingbyElisaAnzolin;EditingbyEdmundBlairOurStandards:TheThomsonReutersTrustPrinciples.Retail&ConsumerVolkswagenCEOsaysGermaneconomyneedsChina-Spiegel,articlewithimageMarkets·June30,2022InflationwouldspiralevenfurtherinGermanyifitweren'tforbusinesswithChina,VolkswagenChiefExecutiveHerbertDiesssaidinamediainterviewpublishedonThursday.VideoMarketsS&P500closesthebookonitssteepestfirst-halfslidesince1970,articlewithvideoJuly1,2022VideoRetail&ConsumerMoscowmallopensforRussianbusinessafterbigbrandexodus,articlewithvideoJune30,2022GalleryMarketsItalywatchdogendsinvestigationintoMcDonald'sfranchisingterms,articlewithgalleryJune30,2022Retail&ConsumerSalmonellahaltsoutputatworld'sbiggestchocolatefactory,articlewithimageJune30,2022