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MARKETS LIVE BLOG:

STOCKS RISE AS DOW EYES GAIN FOR 8TH STRAIGHT SESSION

U.S. consumer sentiment tumbles in May as inflation, interest rate worries take hold

Sales at Ermenegildo Zegna jump 37.4% in the second quarter

Reuters
·1 min read
Ermenegildo Zegna store, in Rome

MILAN (Reuters) - Italian fashion group Ermenegildo Zegna said on Thursday its revenues rose year-on-year by 37.4% at constant exchange rates in the second-quarter, reaching 475 million euros ($529 million).

The organic growth in the same period was 24.5%, supported mainly by a rebound in the China Greater Region and a strong perfomance in the Europe Middle East Africa (EMEA) region, Zegna said.

The company, which is listed in New York, said that the robust first half results for 2023 supported its mid-term outlook.

($1 = 0.8972 euros)

(Reporting by Elisa Anzolin, editing by Alvise Armellini)