Ermenegildo Zegna sells 4.27% stake in Brunello Cucinelli

Ermenegildo Zegna is no longer a shareholder in Brunello Cucinelli. The Monterubello holding company owned by the luxury menswear label has reduced to zero its 4.27% stake in the Italian cashmere label, as stated in a press release issued by Italian stock exchange regulator CONSOB.


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In parallel, Italian merchant bank Mediobanca has placed on 20th January 3.02% of Brunello Cucinelli's shares with Italian and international institutional investors, at a price of €21.09 per share.

It is very likely that Brunello Cucinelli has re-injected on the market the stake acquired by Zegna after the cashmere group was listed on the Milan stock exchange. Ermenegildo Zegna is one of Brunello Cucinelli's main fabric suppliers.

Translated by Nicola Mira

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