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Italian luxury group Ermenegildo Zegna reported a 2.6 percent drop in second-quarter organic revenues on Wednesday as sales in its wholesale channel sank, especially for the smaller Thom Browne brand, and with weakness in the Chinese market.
Organic revenue totalled 469 million euros ($541 million) for the April-June quarter, broadly in line with an analyst consensus provided by Visible Alpha.
Sales in the period were dragged down by a 17 percent drop in the Greater China region. The stronger…
