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Garment Technician Apparel
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Senior Garment Technician
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Manager - Retail Experience And Operations, Nars
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Manager - Marketing, Shiseido Fragrance Division And dg Beauty
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Retail Consultant | Hong Kong And Macau
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Contract Accounting Officer, Finance And Accounts
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Senior Manager, Finance And Accounts
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System Analyst (Ecommerce & Integration), Information And Technology Transformation
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Junior Developer Fabric Apparel
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Junior Garment Technician (6 Months Contract)
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Senior Officer - Sales & Operations, Shiseido And Drunk Elephant
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Assistant Manager Product Compliance
Permanent · Hong Kong
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Senior Officer - Trade Marketing, Retail Experience And Education
Permanent · Hong Kong
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Senior Officer - Marketing, Shiseido Fragrance Division And dg Beauty
Permanent · Hong Kong
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Officer - Retail Experience & Operations, Nars And Bare Minerals
Permanent · Hong Kong
GUSTO LUXE (FORMERLY REUTER COMMUNICATIONS)
PR Intern
Internship · 香港
PUMA
Executive, Merchandising
Permanent · Hong Kong
PUMA
Senior Developer Fabric Apparel
Permanent · Hong Kong
FOOT LOCKER
Shift Leader (Asia, hk) Tst
Permanent · Hong Kong
FOOT LOCKER, FOOT LOCKER
Sales Associate Full Time (Asia, hk) Yoho Mall
Permanent · Hong Kong
By
Reuters API
Published
May 17, 2022
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Italian luxury group Zegna sees sales above 2 billion euros in mid-term

By
Reuters API
Published
May 17, 2022

Italy's Zegna is aiming for revenue above 2 billion euros ($2.1 billion) in the medium term, up from the 1.29 billion euros posted last year, the fashion group said on Tuesday at its first Capital Markets Day since its debut on Wall Street in late 2021.


Zegna - Fall-Winter2022 - Menswear - Milan - © PixelFormula



The family-owned group is targeting an adjusted operating profit margin of at least 15% in the mid-term from a level of around 10% achieved in 2021.

The group, which controls Italy's luxury menswear brand Zegna and U.S. label Thom Browne, expects a rise in store productivity to drive the growth in revenues, that should "more than offset" the increasing marketing investments planned to support the brands' expansion.

Keeping its focus on sustainability, a long-standing commitment for the group, Zegna unveiled its ESG (Environmental, Social and Governance) strategy that will be overseen by the group's board and tied to executive bonuses.

The group, based in the northern Italian region of Piedmont, has been a forerunner with regards to environmental protection, with policies including the creation of natural oasis close to its headquarters and the use of recycled materials in its collections.

Among its goals it plans to only use renewable sources of electricity in Europe and the U.S. by 2024, and for all of the group's operations by 2027.

By 2026, it expects over half of its main raw materials to be fully traceable, and for this to rise to exceed 95% by 2030.

Starting from next year, Zegna will also plant 10,000 trees in every city where it's going to open or relocate its shops, in a plan to reconnect to its reforestation project, started off by its founder in the early 1900s.

Zegna made its debut on the New York stock exchange in December after a merger with Investindustrial Acquisition Corp, a special-purpose acquisition company (SPAC) sponsored by Italian private equity firm Investindustrial and chaired by former UBS chief executive Sergio Ermotti.


(Reporting by Claudia Cristoferi, editing by Giulia Segreti and David Evans)

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