
Ermenegildo Zegna Group Announces Publication of the Convocation Notice for Its 2025 Annual General Meeting
The convocation notice, explanatory notes, and other AGM materials, which include Ermenegildo Zegna's 2024 statutory audited financial statements, are available under the relevant section of Ermenegildo Zegna Group's corporate website at https://www.zegnagroup.com/en/corporate-governance/general-meetings/. Shareholders may request a physical copy of the Company's 2024 statutory audited financial statements, free of charge, through the contacts below.
In addition, as communicated on March 27, 2025, the Company's Board of Directors intends to recommend shareholders a distribution from retained earnings with respect to the financial year 2024 of €0.12 per ordinary share, resulting in a total distribution of approximately €30 million 1.
The distribution will be paid in US dollars based on an exchange rate that will be published on the Group's website (https://www.zegnagroup.com/en/corporategovernance/general-meetings/) the day following the AGM. The distribution will be subject to approval by shareholders at the AGM. If the shareholders approve the proposed dividend distribution, the ex-date and the record dates will be July 7, 2025, and the payment date July 29, 2025. Key dividend information and important notice on dividend taxation will be made available on June 30, 2025 under the Stock Info section of Group's corporate website at https://ir.zegnagroup.com.
About Ermenegildo Zegna Group
Founded in 1910 in Trivero, Italy, the Ermenegildo Zegna Group (NYSE:ZGN) is a global luxury company with a leading position in the high-end menswear business. Through its three complementary brands, the Group reaches a wide range of communities and market segments across the high-end fashion industry, from ZEGNA's timeless luxury to the modern tailoring of Thom Browne, to luxury glamour with TOM FORD FASHION. The Ermenegildo Zegna Group is internationally recognized for its unique Filiera, owned and controlled by the Group, which is made up of the finest Italian textile producers fully integrated with unique luxury manufacturing capabilities, to ensure superior excellence, quality and innovation capacity. The Ermenegildo Zegna Group has more than 7,100 employees and recorded revenues of €1.95 billion in 2024.
___________________________
1 Based on 252,579,879 issued and outstanding Ordinary Shares at March 14, 2025.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
3 hours ago
- Yahoo
Can Circle Stock Hit $250 in 2025?
Circle Internet Group (CRCL), the issuer behind USDC (USDCUST), recently marked its debut on the New York Stock Exchange. On June 6, shares surged more than 29%, signaling strong market enthusiasm just a day after trading began. CRCL stock initially opened at $69 per share, more than double its initial public offering (IPO) price of $31. Notably, that IPO price also already exceeded the initially planned range of $27 to $28. By the end of its first session, CRCL stock had climbed even further, closing at $83.23. The remarkable rise has caught the attention of several analysts. Among them, Needham analyst John Todaro initiated coverage on CRCL with a 'Buy' rating, assigning a new Street-high price target of $250. Todaro emphasized the explosive growth potential within the stablecoin sector, describing it as a transformative force reshaping the financial ecosystem. 'It's a Miracle': Nvidia CEO Says Their New Technology Takes 'AI Supercomputing to a Whole New Level' AI Isn't Just About Nvidia: 2 Rising Stars in the Artificial Intelligence Race UnitedHealth Stock Is One of the Worst-Performing S&P 500 Stocks in 2025. Should You Buy the Dip? Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. Given Circle's collaboration with Coinbase (COIN) on launching USDC, the company stands to be a prime beneficiary as adoption accelerates across both U.S. and global markets Furthermore, Todaro believes the passage of the GENIUS Act is a crucial catalyst for expanding stablecoin issuance and acceptance. A day after the act's approval, CRCL soared 34%. With expectations that Circle could secure a disproportionately large share of the expanding stablecoin market over the next five years, it's well worth watching the company's trajectory closely. Headquartered in New York, Circle operates as a leading fintech company specializing in stablecoins. With a market capitalization of $40 billion, it provides a comprehensive suite of stablecoins alongside a network utility and application platform designed to help organizations leverage the benefits of stablecoins and the internet-driven financial system. Circle's flagship product is a U.S. dollar-pegged stablecoin widely used in digital transactions. However, despite recent excitement, CRCL stock has faced some headwinds, dropping almost 12% over the past five trading days. The volatility accompanies premium valuations, with shares trading at approximately 175 times forward adjusted earnings and 21 times sales. These multiples sit well above the industry averages, reflecting investors' willingness to pay a premium for CRCL's potential and leadership position within the evolving stablecoin market. In fact, the company's elevated valuation points to a market that's betting heavily on future growth, even as near-term results remain a key focal point for investors balancing opportunity with risk. Circle delivered an impressive performance in the fiscal first quarter of 2025, which ended March 31. Total revenue and reserve income from continuing operations soared 58% year-over-year (YOY), reaching $578.6 million. Operating income from continuing operations climbed 77% YOY to $92.9 million. Adjusted EBITDA showed healthy growth as well, increasing 60.6% to $122.4 million. Net income expanded by 33% YOY, settling at $64.8 million. On an earnings per share basis, unaudited pro forma EPS came in at $0.29. Meanwhile, the company ended the quarter with a robust cash and cash equivalents position of $1.1 billion, providing ample liquidity for continued operations and growth initiatives. Looking ahead, analysts forecast a challenging second quarter. EPS for Q2 fiscal 2025 is projected to decline sharply by 100%, settling at -$1.89. The full fiscal year 2025 EPS is also expected to fall significantly by 100%, projected at -$1.32. However, optimism returns for fiscal 2026, where EPS is anticipated to increase by 134% to $0.45, reflecting a recovery and growth phase. These numbers suggest a transitional period marked by near-term pressure but an underlying confidence in the company's longer-term financial trajectory. In line with Needham's bullish stance, Bernstein initiated coverage on Circle with an 'Outperform' rating, setting a price target of $230. The analyst views Circle as a stablecoin 'category leader' and a critical player in the evolving payments landscape. Similarly, Canaccord Genuity assigned a 'Buy' rating on CRCL, targeting a price of $247 per share. CRCL stock currently holds a 'Moderate Buy' consensus rating. Out of the 12 analysts covering the stock, six analysts advocate for a 'Strong Buy,' one favors a "Moderate Buy," four recommend a 'Hold' rating, and one advises a 'Strong Sell.' The average price target of $193.12 represents marginal 3% potential upside. Meanwhile, the Street-High target of $250 suggests a potential climb of 32% from current levels. These evaluations underscore the market's expectation that Circle will continue to capitalize on accelerating stablecoin adoption and expand its foothold in the market. On the date of publication, Aanchal Sugandh did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤


Entrepreneur
3 hours ago
- Entrepreneur
How to Oust a Difficult Co-founder Legally and Smoothly
There are a number of reasons that a co-founder may want to part ways with another co-founder. There are also legal considerations to keep in mind when co-founders separate. Opinions expressed by Entrepreneur contributors are their own. Imagine this. Jean and John, who met at a startup incubator, founded a company together. But as they grew, Jean realized that she and John weren't aligned on many things, including what the company's future should look like. Neither John's goals nor his behavior reflected the company's mission, so Jean ousts John from the business. Reasons for a co-founder's departure There are a number of reasons that a co-founder may want to part ways with another co-founder. 1. Lack of dedication A startup that wants to scale for a big exit typically requires founders who dedicate long hours for little pay (at least at the beginning). While some founders, like Jean, are willing to do that, some, like John, are not. Jean was willing to put in as many hours as it took to meet her responsibilities. John, on the other hand, arrived late and left early, demonstrating that he wasn't dedicated to his role — or the company. 2. Difficult to work with Some founders are simply difficult to work with. They're not collaborative, they're closed off to others' input or they belittle or micromanage their employees. While in the office, John's attitude was one of superiority. He felt that certain tasks were below him and that others should do the "heavy lifting." He criticized his employees at every opportunity, lowering morale and eventually pushing a very dedicated, key employee out of the company. 3. Lack of alignment with vision While a dream team of co-founders might be committed and great as colleagues, they might have different visions about the company's future. For example, they may disagree on a pivot other founders believe is necessary. Jean wanted to focus on R&D to ensure ongoing innovation, but John was focused on expanding the company. In addition to his behavior, this lack of alignment caused so much tension that Jean started the process of terminating her co-founder. Related: So Your Co-Founder is Threatening to Quit Unless You Give Them More Equity. What Should You Do? Legal considerations In addition to mistakes that can be made during the termination process, there are several legal considerations to keep in mind when co-founders separate. 1. Complying with employment law Founders are almost always employees by law. When terminating an employee, keep in mind — and meet — the legalities of termination, including filing certain paperwork and notices, and meeting deadlines for paying the final paycheck, for example. When the tension between Jean and John began, Jean documented each instance so she had relevant backup at the time of John's termination. 2. Is your relationship buttoned up? Make sure you are not giving an ousted co-founder leverage. Breaking promises or not protecting the company legally in its founding documents on IP assignments or confidentiality obligations means that they now have valuable IP the company needs. 3. Do you have the legal right? It's critical to ensure that a co-founder has the legal right to terminate another co-founder. If they do not, they should take the necessary steps to secure those rights; it might not be as simple as telling them they are fired. For example, the company's bylaws might allow a co-founder to be terminated only if the board votes to do so. The ousting founders need to make sure they can — and do — get board support. When John's performance began to decline, Jean consulted with the company's board to ensure the board was informed from the outset. More legal considerations: What NOT to do While there are considerations to make so as not to run into legal issues, there are also considerations for what NOT to do. 1. Don't think about a separation agreement A legally binding separation agreement can get you a release of claims, potentially non-disparagement terms and other benefits for the company, including agreements to not sue. Investors will want to see this if at all possible in diligence. It's worth some money to get this. As soon as John's performance started suffering and other employees began complaining about his behavior, Jean consulted an employment attorney to prepare the paperwork necessary for a separation agreement, enabling the process to be completed without worrying about a potential lawsuit. 2. Forget to cut off access to systems To prevent an ousted co-founder from accessing company information post-termination, ensure that they can no longer access the company's systems. Disgruntled employees with access to company data can cause major problems. Once John was officially "out," all access to company information was cut off; Jean knew that, if given the opportunity, John would have tried to access certain data once he exited the company. 3. Bash the ousted founder to employees, investors and other stakeholders Sometimes in trying to explain the ousted founder's departure, founders will resort to speaking negatively about them; this opens the company to defamation liability. It can also reflect badly on the company and the founding terms. Finally, it can lead to the ousted founder becoming more hostile toward the company. Despite their differences, Jean maintained reasonable levels of professionalism. Although the process was stressful for her, her team and ultimately the company, John's ouster and the reasons behind it remained within the executive leadership team. Related: 4 Sane Strategies for Maintaining Healthy Co-Founder Relationships Ramifications of skirting the law All of this advice hinges on the remaining founders meeting the requirements to legally terminate a co-founder. When they don't, there are ramifications. 1. Incurring penalties and legal claims First, by not complying with employment laws, penalties can be incurred, and legal claims are given to the ousted founder; these can add up. For example, in California, if all wages aren't paid on the final day of employment, the ousted founder is entitled to a penalty equal to one full day of wages for every day until they are fully paid (up to 30 days). Jean's diligence in consulting a startup attorney prepared her for the separation. In addition to the separation agreement, Jean presented John with his final paycheck at the termination meeting. 2. Post-termination negotiations If you don't button up your relationship with the founder prior to termination, you will be stuck post-termination negotiating for what you need. At this point, you are unlikely to have much leverage. 3. No separation agreement If you fail to get a separation agreement, investors may push on you in diligence to get one later; this is often difficult. Also, you may subject the company to claims that would have been released if money was offered as severance at the outset. Note that a founder may sign a separation agreement quickly if it's offered with a positive message and incentives. The absence of an up-front offer can result in litigation, and demands may increase. The bottom line While there are myriad factors that contribute to the ousting of a company founder, it behooves those on the company side to make appropriate preparations to avoid legal troubles. Ready to break through your revenue ceiling? Join us at Level Up, a conference for ambitious business leaders to unlock new growth opportunities.
Yahoo
4 hours ago
- Yahoo
Berenberg Lowers Wheaton Metals (WPM) PT, Keeps Buy Rating
Wheaton Precious Metals Corp. (NYSE:WPM) is one of the 10 Best Gold Stocks To Buy Right Now. On May 12, Berenberg analysts slightly reduced the price target for Wheaton Precious Metals Corp. (NYSE:WPM) from $88 to $87 but kept a 'Buy' rating. This decision came after the analysts updated their financial model to reflect Wheaton Precious Metals Corp.'s (NYSE:WPM) results for the first quarter of 2025. The research firm's updated model showed a slight increase in operational expenses and share-based remuneration, which led to a small reduction in their earnings estimates. A representation of gold bars, highlighting the companies success in their gold industry. Despite the reduced price target, Berenberg analysts continue to view Wheaton Precious Metals Corp. (NYSE:WPM) positively. The analysts noted that the stock is trading at multiples they believe are justified and pointed out that the Buy rating is supported by the elevated USD gold spot price against their price deck. Wheaton Precious Metals Corp. (NYSE:WPM) is a leading precious metals streaming company with a portfolio of high-quality, low-cost assets. The company's portfolio includes streams and royalties on gold, silver, and other precious metals. While we acknowledge the potential of WPM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 11 Stocks That Will Bounce Back According To Analysts and 11 Best Stocks Under $15 to Buy According to Hedge Funds. Disclosure: None.