By  on May 2, 2013

MILAN — Exports that increased margins and were more balanced around the world helped the Ermenegildo Zegna Group close 2012 with a 13 percent increase in profits. Further gains and more investments in its retail network are expected in 2013.

“We have been saving for a rainy day,” chief executive officer Gildo Zegna told WWD. “We generated good margins, because we have been very careful to avoid heavy discounting both at retail and wholesale — also in the U.S.”

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