Zegna Sees Luxury Revenue Growth Under Pressure Until Mid-2014

Ermenegildo Zegna said he expects revenue growth at the namesake luxury goods maker will remain under pressure for at least another six months as demand moderates in China and the yen’s weakness persists.

“October and November were not good months overall,” the chief executive officer of the Italian company said yesterday in an interview in Milan. “The first half of 2014 will still see this lower pace, which I hope will come back in the second half,” he said, forecasting growth of less than 10 percent for the full year.