It’s a Deal: Thom Browne Gets Acquired by Ermenegildo Zegna Group

In a bid for younger customers and wider reach, Italian company Ermenegildo Zegna has acquired 85 percent of Thom Browne, the American menswear label best known for its quirky and innovative designs.

This values the New York-founded business at approximately $500 million.

The label’s founder and chief creative officer, Mr. Thom Browne, is the sole remaining shareholder—with a 15% stake. And the Thom Browne brand will remain independently operated and Rodrigo Bazan is staying on as CEO.

What’s in it for menswear?

  1. A wider reach. Thom Browne New York will now have a bigger platform to propagate its fashion-forward designs.
  2. Streetwear may soon be over. We are looking at two brands—one known for classic styles and the other modern gentleman dressing—joining forces. This is a clear fashion redirection.