Temasek gets fashionable with 10% stake in Ermenegildo Zegna

SINGAPORE: Singapore’s state investor Temasek Holdings has purchased a tenth of Italian fashion label Ermenegildo Zegna Group. This transaction is estimated at US$220 million (S$284 million) and is Temasek’s latest foray into the luxury fashion market. Five per cent was bought straight from Zegna, and the remaining 5% was acquired via open market transactions. This […]