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Gildo Zegna on Leading an NYSE-Listed Family Business With Patience and Innovation

Though publicly traded on the NYSE, Zegna measures success in decades, not quarters. Gildo Zegna, third-generation steward of the century-old family business, reflects on balancing heritage with evolution.

Last Friday, Ermenegildo Zegna Group, the parent company of Zegna and Thom Browne, and operator of Tom Ford’s fashion business, reported first-quarter earnings results. It was the first fiscal quarter without Ermenegildo “Gildo” Zegna, the third-generation leader of the family business, in the CEO seat. Revenue grew steadily overall, but the Middle East saw a double-digit decline amid the ongoing conflict in Iran. The company’s new CEO, Gianluca Tagliabue, was candid with analysts: April continued the negative trend, and “we are still with a big question mark” about how the region will develop in the coming months.

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Tagliabue, who spent a decade as Zegna’s CFO and COO, was appointed to fill the large shoes left by Mr. Zegna, who........

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