MILAN – Zegna continues to take a longterm view.
The Ermenegildo Zegna Founder’s Scholarship is marking its 10th version as the luxurious menswear firm renews its dedication to Italian graduate college students for an additional 15 years.
In 2014, the Ermenegildo Zegna Group earmarked 25 million euros to stimulate excellence in Italy.
The group pledged to offer 1 million euros annually for 25 years to allow gifted Italian graduates to pursue postgraduate research or conduct analysis outdoors of Italy.
The funds are granted provided that these college students return to Italy upon completion of their applications overseas. The purpose is to forestall a “mind drain” that always impacts Italy.
The scholarship is known as after the founding father of the agency, who died in 1966 and who was identified for his philanthropic actions and his modern strategy to enterprise.
It pays tribute to Zegna’s moral imaginative and prescient and concrete actions to enhance the lifetime of the group and to guard the surroundings within the Trivero, Italy space the place the corporate is headquartered, on the heart of the Oasi Zegna.
Chairman and CEO Gildo Zegna stated the funding “is a venture of social duty that could be very pricey to us as a result of it’s aimed on the new generations, bringing again abilities into our nation – therefore the way forward for Italy and of its business.
“The Zegna Group, a union between business, household and territory, have to be for us a stimulus to hold ahead and shield the values of Made in Italy. It’s a problem that should unite the Italian entrepreneurs of right now and tomorrow,” he added.
This system permits college students from greater than 20 prime Italian universities to check at main facilities of studying overseas, and goals to feed a virtuous circle of information and expertise that actively contribute to the event of the nation as soon as the students return house.
The chief has lengthy stated that the founder continues to encourage the Zegna household’s mission and actions in direction of social duty greater than 100 years on.
Within the first 10 years of the venture, 425 scholarships had been awarded. Within the 2023-2024 version, 71 college students will go to universities together with Harvard, Columbia and UCLA within the U.S.; Oxford, Cambridge and the London College of Economics within the U.Okay.; the Faculty of Europe in Belgium; the Max Planck Institute in Germany; ETH in Switzerland; Adelaide College in Australia, and Keio College in Japan.
On the event of the tenth version of this system, Fondazione Zegna held a gathering of greater than 170 scholarship members on the Oasi Zegna, which included a go to to the wool mill based in 1910 and the archives.
“Simply as Ermenegildo Zegna positioned his wool mill on the heart of an ecosystem wherein people, society and the surroundings had been sure collectively in optimistic and sustainably reciprocal interdependence, we at the moment are creating connections and dialogue and producing shared values on the native and worldwide ranges,” stated Zegna.
The scholarship is in sync with Zegna’s efforts to deal in a optimistic means with the generational handover in a number of industries and to safeguard the manufacturing pipeline. Zegna has through the years constructed its personal pipeline and textile provide chain, which incorporates Bonotto and Dondi, amongst others. As well as, it has grow to be an instance of the growing cooperative strategy amongst Italian trend entrepreneurs.
Zegna has twice made joint investments with Prada Group. Final month it bought a minority stake in knitwear specialist Luigi Fedeli e Figlio Srl. In 2021, it acquired 40 p.c of Filati Biagioli Modesto SpA, which specializes within the manufacturing of cashmere and different treasured yarns.
Whereas conscious of the previous and its heritage, the group has been going by means of some main modifications, shopping for a majority stake in Thom Browne in 2018; rebranding Zegna forward of its preliminary public supply on the New York Inventory Trade in 2021; and shifting from a licensing deal to an unique provider settlement of Tom Ford with The Estée Lauder Cos. following the wonder large’s deal to purchase the American model in November.
Zegna will produce and distribute all of Ford’s males’s and ladies’s trend, equipment, underwear, tremendous jewellery, childrenswear, textile and residential design merchandise, as reported.
