Temasek invested nearly $130 million to increase its stake in the Italian luxury menswear group, Giorgio Armani, to 10%.

date
31/07/2025
Italian luxury menswear group Ermenegildo Zegna announced on July 29 that it has signed a share purchase and investor rights agreement with Temasek Holdings. According to the agreement, Zegna will sell 14.1 million shares of common stock to Temasek at a price of $8.95 per share. Including the equity previously acquired through the open market, Temasek will hold a total of 26.8 million shares of Zegna, representing 10% of its outstanding common stock. After the acquisition is completed, Zegna will receive $126.4 million in cash consideration.