Ermenegildo Zegna has bought an 85 per cent stake in Thom Browne in a deal valuing the US fashion house at about US$500 million. Photo: Reuters/Tony Gentile

Ermenegildo Zegna acquires Thom Browne in US$500 million deal

The Italian luxury group has bought an 85 per cent stake in the US fashion house favoured by Michelle Obama and a long list of celebrities

Topic |   Menswear

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Ermenegildo Zegna has bought an 85 per cent stake in Thom Browne in a deal valuing the US fashion house at about US$500 million. Photo: Reuters/Tony Gentile
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