Temasek Builds 10% Stake in Zegna in Boost for Growth Plans

Temasek Holdings Pte is building a 10% stake in Ermenegildo Zegna Group worth about $220 million, helping accelerate the Italian fashion house’s expansion plans.

The Singapore state-owned investor agreed to buy a roughly 5% stake from Zegna for $126.4 million, according to a statement Tuesday, confirming an earlier Bloomberg report. That adds to a previous 5% holding it built after scooping up shares in the market.